The solutions are aimed at addressing the growing need for electronic payment processing ranging from direct deposit to web payment portals. ACH Federal’s web-based platform enables financial institutions and businesses to process ACH transactions through a terminal that connects directly to the Federal Reserve in conjunction with a ‘sponsor bank’.
The company offers merchant services, processing debit and credit card transactions for business customers. As an outsourced solution, ACH Federal assists financial institutions to mitigate risk, reduce costs and drive better organizational efficiency. The unified platform meets the security standards, dual file approval systems, multi-factor authentication and data encryption technology for all transactions.
ACH Federal also provides businesses with a central web-based interface to collect payments from customers, make payments to vendors and deposit payroll funds into employee accounts. With debit and credit card processing, ACH Federal is a one-stop-shop for electronic payment processing services.
Pam Pliler, senior operations officer at Summit Bank, said: “We are seeing a growing demand for Web-based electronic payments options. ACH Federal provides us with a comprehensive end-to-end solution and the strong industry expertise that enables us to deliver a seamless experience for our customers.”
Clint Blaylock, VP of operations at ACH Federal, said: “Our secure, reliable electronic payment processing system helps to streamline the process, reduce costs and mitigate risk.”
