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Fundtech Unveils New Automated Clearing House Solution

Fundtech, a global provider of transaction banking solutions, has introduced ACHplus ServiceBureau, a complete ACH (Automated Clearing House) processing solution.

The new solution helps all sizes of banks with the 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 transaction banking service.

ACHplus ServiceBureau offers banks a system with several automated value-added services such as validation, risk controls and customized reporting. Banks will be able to expand their ACH origination business, increasing their service-fee revenues.

Robert Coakley, executive vice president and head of US Payments for Fundtech, said: “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.”