Hey, I’m an ex-Square that is part of founding engineering team at Column. My team will be monitoring this thread and we’ll be happy to answer any questions! Especially those about ACH, I’m sure you have plenty and we know it through-out!
2. It seems like I can use your API to create bank accounts with your bank. Does this mean I could become a "bank wrapper" and use your API to generate real bank accounts and become a digital bank without having to go through the legal processes of becoming a real bank?
Use cases would be very helpful.
we integrate with FED over some... interesting protocols.
How is instant ACH different to regular? Also, is it true that ACH is not instant bank to bank – essentially the banks settle up at the end of each month with 1 giant transaction?
What about P2P support via Zelle, I recently learned it's lipstick on a pig and basically ACH under the hood.
Sorry in advance if the questions are outside the scope of this thread.
- Will there be an openapi spec to generate clients in most languages?
- Do you support depositing checks via the dashboard?
- Out of curiosity, what database are you using for high availability?
Ironic.