17 October 2017
visit www.response.ncr.com

BankFirst signs for eFunds ACH service

20 November 2003  |  3049 views  |  0 BankFirst signs for eFunds ACH service

US-based BankFirst has signed up to eFunds' Automated Clearing House Processing Services (ACHPS) to support its corporate payments clearing operations.

EFunds says its ACHPS service will allow Bankfirst to process a higher volume of electronic payment transactions via the national ACH Network, extending the bank's reach into the merchant and corporate customer markets.

Brad Hanson, senior vice president at Bankfirst says the bank needed a system in place to handle anticipated growth in payment volume over the ACH.

"EFunds' ACHPS provides us with the ability to meet client needs in an efficient, secure and reliable manner, while complying with National Automated Clearing House Association (Nacha) regulations," says Hanson.

According to Nacha, the annual payment volume over the ACH network is expected to double by 2006.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Nacha forms corporate payments council to promote electronic B2B payments

Nacha forms corporate payments council to promote electronic B2B payments

23 October 2003  |  6259 views  |  0 comments
EFunds acquires Oasis Technology

EFunds acquires Oasis Technology

20 October 2003  |  3432 views  |  0 comments
EFunds hires Robert Evans as MD, risk management products

EFunds hires Robert Evans as MD, risk management products

22 August 2003  |  2484 views  |  0 comments
Nacha pilots electronic bill distribution service

Nacha pilots electronic bill distribution service

07 August 2003  |  4942 views  |  0 comments
Online bill payments may exceed $200 billion in 2003 - Nacha

Online bill payments may exceed $200 billion in 2003 - Nacha

27 May 2003  |  4769 views  |  0 comments
A billion US ACH payments added in 2002 - Nacha

A billion US ACH payments added in 2002 - Nacha

29 April 2003  |  5770 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14483 views comments | 11 tweets | 3 linkedin
Taiwan's Far Eastern International Bank suffers malware attackTaiwan's Far Eastern International Bank su...
13087 views comments | 16 tweets | 22 linkedin
Monzo fends off suitors as current account upgrade beginsMonzo fends off suitors as current account...
8976 views comments | 17 tweets | 14 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
7940 views comments | 15 tweets | 20 linkedin
Ripple blockchain network hits 100-member markRipple blockchain network hits 100-member...
7623 views comments | 13 tweets | 13 linkedin

Featured job

Find your next job