Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
Aptys Solutions adds ACH functions to PayLOGICS
ROCKWALL, Texas (2/10/11)--Payments network provider Aptys Solutions has added automated clearinghouse (ACH) functionality to its PayLOGICS processing platform. Rather than sending all ACH transactions to the Federal Reserve for clearing, PayLOGICS allows correspondent service providers the option of first clearing items within their network of banks. Using the ACH functionality in PayLOGICS enables financial institutions to exchange ACH items with other financial institution partners, while sending their remaining transactions to the Federal Reserve or corporate credit union. Among its capabilities, Aptys’ ACH functionality includes exception item management, automated scheduling, warehousing, returns, reversals and origination. Because ACH and checks processed through PayLOGICS employ the same architecture, financial institutions eliminate the need to create a new infrastructure to manage ACH payments. Aptys’ architecture allows financial institutions to validate a transaction file and conduct duplicate checking on the same file. Through Aptys’ Active Archive, financial institutions can store any transaction type in a single location and search, perform exception-item management, and analyze risk across payment types, identifying and preventing errors before they happen.


RSS





print
News Now LiveWire
New website, resources for @cunacouncils http://t.co/926Y7QeDqW http://t.co/2BnZnwOjdU
17 minutes ago
Final field-of-membership rule tops April 30 NCUA agenda http://t.co/gFIhRhUCts
16 hours ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief. http://t.co/TMTubG9Afk
18 hours ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today: http://t.co/ep5…
20 hours ago
Seriously underwater homes rise, new-home sales tumble News Now: http://t.co/2LzWTkqnES
20 hours ago