Utilizing the ACH functionality in PayLOGICS enables financial institutions to exchange ACH items with other financial institution partners.
Among its capabilities, Aptys’ ACH functionality includes exception item management, automated scheduling, warehousing, returns, reversals and full origination.
Because ACH and checks processed through PayLOGICS utilize the same architecture, financial institutions eliminate the need to create a new infrastructure to manage ACH payments, said Aptys Solutions.
Aptys’ services-oriented architecture allows financial institutions to validate a transaction file and conduct duplicate checking on that same file.
Through Aptys’ Active Archive, financial institutions are able to store any transaction type in a single location with the ability to search, perform exception item management, and analyze risk across payment types, identifying and mitigating errors before they occur.
Aptys Solutions president Sean Pennock as Aptys continue to bridge the gap of legacy and emerging technology, ACH functionality is the next step in its evolution.
