Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
Monetary effect of #HomeDepotBreach on Ohio #creditunions gets press in @TheBizJournal http://t.co/3E07NXT696 @OhioCreditUnion
1 minutes ago
Consumer trust in #creditunions remains consistent. Banks? Less so, says @HarrisPoll See #NewsNow http://t.co/ktljPRzt3W
46 minutes ago
#SupremeCourt to hear mortgage rescission case Tuesday. See #NewsNow http://t.co/KbWoWtzQRD
59 minutes ago
Of $1.3B in payments through mobile devices, 90% occurred at @Starbucks stores http://t.co/MN49JR1NXK
16 hours ago
.@LoveBethpage 1st to launch mobile debit/credit card control from @COOPFS http://t.co/kuq7onGuai
17 hours ago