ARLINGTON, Va. (8/6/12)--National Cooperative Bank, which serves cooperatives nationwide, has implemented an enhanced automated clearinghouse solution for credit union correspondent-banking customers and commercial cooperatives.
The new technology provides customers with immediate economic benefits, greater functionality and advanced data security, NCB said.
NCB's ACH solution offers new tools to handle more complex ACH transactions; extensive management reporting features; the ability to incorporate existing workflow and templates into the new software; and customizable configurations.
Enhanced security measures include multiple permission and approval levels, a full set of auditing controls and risk management reporting with clear tracking of user activity.
The new features are available to clients through a Web-based system.