Fundtech (NASDAQ: FNDT), a market leader in corporate banking solutions around the world, today announced the sale of its OrigiNET ACH origination software to Mid-Atlantic Corporate Federal Credit Union.
Mid-Atlantic will be able to more efficiently process ACH transactions, as well as offer its clients many tailored automated features.
Mid-Atlantic's client base of 250 credit unions, which are using ACH origination services, will benefit from OrigiNET's new technology in several ways. As a web-based system, it offers a familiar and easy-to-use interface. Easy customer set-up will reduce the time and effort needed to establish new accounts. Additionally, OrigiNET's automated features will simplify transaction processing, improving accuracy and efficiency.
According to Drew Kishbaugh, Mid-Atlantic SVP of payment services: "With the volume of ACH transactions steadily increasing, and the expansion of business services offered by our members, we need a system that's efficient and scalable as well as easy to set-up and use day to day. OrigiNET will lower our operating costs, while providing our clients with an easy-to-use interface that's feature-rich."
According to Brian Jou, Fundtech's executive vice president of global products: "Mid-Atlantic has many unique requirements due to their client base. We are delighted that they have chosen Fundtech's OrigiNET to meet the challenges posed by growing ACH volumes and increasing complexity of the ACH processing business."