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ACH and The Importance of Routing Transit Numbers

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As the years progress, ACH payments are increasing in popularity and in usage but when using such a payment method, it’s important to have the right data and information available. John Hutton, Global Head of Payments, LexisNexis Risk Solutions joined FinextraTV for this interview, exploring what ACH payments are and what risks can be involved. Hutton goes on to discuss both the simplistic detail of having the right routing transit number and how their organisation works in collaboration with Nacha to bring the right data to clients.

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Alessandro Sala

Alessandro Sala 𝑮𝒐𝒗𝒆𝒓𝒏𝒂𝒎𝒆𝒏𝒕 𝑭𝒖𝒏𝒅𝒊𝒏𝒈 at Alessandro Sala

Dear Mr. Hutton,

Thank you for the insightful discussion on ACH payments and the importance of accurate data for ensuring smooth transaction processing. The points raised regarding the essential role of routing transit numbers and collaboration with Nacha to provide reliable data to clients are indeed valuable.

From the perspective of financial experts dealing with cross-border transactions, such as those processed through SWIFT MT103 FTP, we understand the significance of secure and accurate data flow, especially when involving manual downloads from the global SWIFT server in Brussels. Given your extensive expertise as Global Head of Payments at LexisNexis Risk Solutions, I would greatly appreciate it if you could share additional insights into the handling of such SWIFT transactions, particularly concerning any associated risks and best practices for ensuring compliance and security.

Looking forward to your expertise on this matter.

Best regards,
Alessandro Sala

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