Automated clearing house

You know, I, I mean, I straight up, but we're good.

Um, And we found others that are, you know, again, everyone's handwriting and unfortunately business solutions for payment is still very, you know, you can do ACH, you do wires, a lot of them still do check, you know, so they're limited.

I've had one where, you know, customer's handwriting isn't the greatest.

He had an accident in the past, and so his handwriting is just very scratchy.

In this role, he leads the global commercial strategy and delivery of payments, trade finance, and cash management solutions for clients worldwide.

He is also the vice chair of the board of directors for NACHA and serves on the managing board for the Clearinghouse Payments Company.

He previously held other positions in the industry such as chairman of the Board of Directors for the U.S. Vastor Payments Council.

Prior to joining BNY in 2014, Carl was the treasurer for the Worth Group of North America, Inc., which is the regional in-house bank, holding company, and shared service center for the Worth Group.

So in the US, we have the card system made up of 14 card networks in the US, 80 card networks around the world.

We have the wire system made up of two wire networks, the ACH system made up of two ACH networks.

So you have that terminology right off the bat, the system versus the network.

And then, not so much in the United States, but outside the United States, we have the term scheme.

So, you know, payment method equals payment system.

Don't lose track of that.

So when a PSP helps a merchant accept an ACH payment, they have to work under the rules of the ACH system to do that.

When they help a merchant accept a card payment, they have to work under the rules of the card system.

A free Discover plan gives analytics only.

Running payments through Upflow's own gateway costs a $390 monthly platform fee plus 3.5% in $0.30 per card transaction and 0.8% per ACH, capped at $5.

G2 scores Upflow 4, 8 out of 5 on 234 reviews, none of the Moonstar, most from Europe.

Reviewers praise recovery plans tuned by customer type, smart rules that handle accounts in bulk, and a single timeline per customer with an AI summary.

It supports four ERPs, QuickBooks in every version, Dynamics 365 Business Central, NetSuite and Sage Intact, with two-way sync that runs each hour plus on demand.

And it names its idle customer as a $10 million to $250 million company that has outgrown Ramp, Brex or Bill without wanting the enterprise weight of High Radius, Bottom Line or Copa.

The receivable side offers automated reminders under the label AI Collections Automation, Aging, Predictions of Payment Delay and a built-in customer portal with autopay that accepts check, ACH and card.

Cash application appears in the ERP integration blurbs without a published match rate.

It's an

ACH.

It's an ACH.

Yeah.

So you've flown elk sperm.

I mean, I wasn't really directly in payments.

I guess you could say there was a payments component because it was like ACH or push to card to disperse loan funds and ACH debit or whatever.

debit card to repay funds, but that was much less an area that I paid attention to.

But what you're describing as far as the balance or the impact of scaling on the front end and what the impact is on the back end, it's like when I see a very quickly scaling lending business, it's always like, oh, that's... probably, that might not turn out well.

So I actually like that idea.

If you're going to do transactions of more than blah, blah, blah amount, $1,000, that's a good example, good amount, ACH payment.

You can't do that chargeback, and it's going to drop those people that are making fraudulent charges against you.

For this guy, small claims.

Or even sneakier yet, swapping out the capital I for a lowercase L, because depending on the font that your system uses, they will be read correctly by the computer as different characters, but to the human eye, they're visibly the same.

Then the fraudster sets up the fake vendor for ACH or e-check payments to a bank account number.

And oh, by the way, that bank account belongs to the fraudster.

So they start submitting invoices from that new vendor or the fake vendor, I should say.