Modern Treasury makes managing payments simple, scalable, and secure.
Today we’re happy to share that we’ve released a new ACH Reversals feature in our Payments product. ACH Reversals lets you reverse an ACH payment you initiated with the click of a button or an API call.
A story about a $900 million mistake, bad software, and good people. This case goes to the heart of why we started Modern Treasury.
These past five months, I’ve had the opportunity to intern at Modern Treasury and wanted to reflect on my experience here.
A regular source of frustration for startups who move money for customers is trying to understand the rules that banks impose on those clients they deem to be third party senders (TPS), or as banks call them, third party payment providers (TP3’s). A third party sender is a company that uses its own bank account to make or receive payments on behalf of its customers or users.