Moov

Moov has presented 1 V-Sum technical briefing. Wade Arnold (ex-Banno, Billgo) and Graham McBain present Moov — a thousand-strong open-source community that has shipped 37 low-level libraries covering the protocols that quietly move money through the US financial system: ACH, wires, image cash letter, Metro 2, IRS FIRE, ISO 20022, and ISO 8583. Wade walks through why none of this was open source before, how the libraries have been battle-tested against the full transaction volumes of Bank of America, PayPal, Square, and Visa, and why the community model beats every fintech writing its own parser from scratch (e.g., Square unifying seven different ACH implementations onto Moov). Graham then demos the Moov ACH library as a Docker image — curl a JSON payload in, get a NACHA-compliant ACH file back — and a WebAssembly-powered in-browser ACH parser that converts ACH to JSON without any data leaving your machine.

Topics: Payments, Banking-as-a-Service, Developer Tools