Fundtech (Nasdaq:FNDT), a market leader in global transaction banking solutions, announced the introduction of ACHplus ServiceBureau, a complete ACH (Automated Clearing House) processing solution.
Banks of all sizes can now 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 a highly efficient system with many automated value-added services such as validation, risk controls and customized reporting. Banks are able to confidently expand their ACH origination business, increasing their service-fee revenues.
According to Robert Coakley, Executive Vice President and head of U.S. Payments for Fundtech, "ACHplus has been one of the best selling systems since its introduction, and with the addition of a service bureau option, banks can now benefit from a feature-rich system that is capable of providing high-volume processing along with extensive value-added services. 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 SaaS (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."