Corporate banking technology firm Fundtech has launched ACHplus, a software product line that includes a back-office processing solution and a web-based origination application. The in-house system offers a new choice set at a low cost of ownership to ACH-originating banks. ACHplus is a server-based system that is scalable and offers customisable features. Brian Jou, Fundtech’s executive vice president of global products, said: “A recent survey of our clients reveals that ACH is considered to be the highest growth area for payments; and that offering ACH transactions to small businesses is seen as the biggest growth opportunity. With the rapid growth of ACH transactions, banks should consider how they could use these services as a competitive differentiator that can drive profits. ACHplus offers financial institutions all the features they need at a price they can afford, and it will put them in control of their operations.”
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