Fundtech, a transaction banking solutions company, has launched ACHplus ServiceBureau, an automated clearing house (ACH) processing solution. Banks of all sizes can benefit from the advanced automation features of ACHplus without the need to purchase and maintain an in-house system. ACHplus joins PAYplus USA and CASHplus in Fundtech’s ServiceBureau, providing an outsourced end-to-end transaction banking service.
With the growing volume and complexity of ACH processing, banks are in need of a highly automated system that can efficiently process transactions. ACHplus ServiceBureau offers banks an efficient system with many automated value-added services such as validation, risk controls and customised reporting. Banks are able to confidently expand their ACH origination business, increasing their service-fee revenues
Robert Coakley, executive vice president and head of US payments for Fundtech, said: “Banks who prefer not to support in-house systems are able to offer their corporate clients fast and reliable services that can be tailored to their specific needs. With a software-as-a-service transaction-based pricing scheme and minimal up-front costs, banks are able to align their costs to maintain profitability and competitiveness.”
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