Patent ID: 8694424

Claim:
A computer-implemented method for managing a foreign payment using an automated clearinghouse (“ACH”) network comprising the steps of: creating at an originating depository financial institution a file comprising a plurality of F3X messages, each of the F3X messages designating a payment amount in a foreign currency and designating a zero value for a domestic currency, the F3X messages to be transmitted from the originating depository financial institution to a receiving depository financial institution located in a foreign country; transmitting the file comprising the plurality of F3X messages from the originating depository financial institution via the ACH network to a domestic gateway operator for forwarding to a foreign gateway operator; transmitting a payment order from the originating depository financial institution for a total amount of foreign currency, the total amount of foreign currency equal to the sum of the payment amounts in the file comprising the F3X messages, the payment order transmitted outside the ACH network to the foreign gateway operator; and transmitting a file identifier corresponding to the file comprising the F3X messages, wherein the file identifier is transmitted from the originating depository financial institution outside the ACH network to the foreign gateway operator, the file identifier enabling the foreign gateway operator to match the F3X messages to the payment order so that the payment amounts can be credited to the receiving depository financial institution.