Understanding International ACH
Learn what International ACH is, how IAT payments flow, when to choose it over wires, how it differs from domestic ACH and how the IPFA sets global standards.
Speaker
Jane Hennessy
Payments and banking consultant · 22 years at Wells Fargo
Overview
There are many ways to send money abroad. International ACH is often misunderstood, yet it can be an efficient, low-cost way to make payments to other countries.
This 60-minute International ACH webinar explains what it is, how the process flow works, the payment types involved, and the IAT (International ACH Transaction). You'll learn how it differs from US domestic ACH, the reasons to choose it, and when it may be preferable to a wire transfer.
The session also covers the customer benefits and value proposition, and introduces the International Payments Framework Association (IPFA), which is creating global standards to make international ACH easier and addressing its common issues.
Why attend: International ACH can make cross-border payments more efficient and cost-effective, but many institutions and businesses don't use it because it isn't well understood. This session explains when and how to use it. It suits financial institutions, corporations that make international payments, government organizations and technology providers.
What’s covered
- What International ACH is
- Customer benefits and value proposition
- Payment types
- When to use International ACH vs. wires
- How it works: the process flow
- Differences between US ACH and International ACH
- The International Payments Framework Association (IPFA) and how it addresses International ACH issues
- The IAT (International ACH Transaction)
Who should attend
What you get
About the speaker
Jane Hennessy was Head of External Alliances at G2 Web Services. G2 is a technology and services company that helps banks, processors and their partners ensure safer and more profitable commerce. Clients representing over half of merchant outlets globally use our solutions to identify bad actors and keep them out of the payments system.
Jane was previously Executive Vice President and Manager, Marketing, Strategy and Information Management, Cross-sell and International Personal Banking in the International Group, Wells Fargo Bank,
N.A. Her responsibilities included marketing and strategy for all lines of international business including trade services and trade finance, foreign exchange, correspondent banking, international treasury management, international personal banking. Prior to that position, Jane was a Group Personnel Manager in Wells Fargo’s Wholesale Banking Group. She worked at Wells Fargo for twenty-two years.
Jane has consulted for banks, payment organizations and Fintech companies. She is on the Board of Directors of Oak Financial Software Corp. and a member of the NACHA Payments Innovation Alliance. She has spoken extensively at conferences on topics including international payments, business customer risk, authentication and retail banking.
Jane has a MBA from the University of Santa Clara, and MA and BA degrees from Michigan State University.
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