Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
PayLOGICS launches same-day settlement
ROCKWALL, Texas. (7/14/11)--Users of Aptys Solutions’ PayLOGICS payment platform can now manage and perform same-day settlement (SDS) through the system’s automated clearinghouse (ACH) function, the payments systems network provider announced yesterday. “Financial institutions continue to focus on generating revenue and reducing costs,” said Sean Pennock, president of Aptys Solutions. “In response to industry demand, Aptys developed PayLOGICS from the ground up to include SDS functionality. By continually bridging legacy and emerging payments, we are providing financial institutions a cost-effective and efficient method of managing their payments platforms today and in the future.” In 2010, the Federal Reserve began offering an intraday service for certain debit transaction types, including converted checks, and Internet and telephone transactions. National Automated Clearing House Association is now exploring new options for expanding the SDS functionality within its rules base. Rockwall, Texas-based Aptys Solutions provides financial institutions with a common infrastructure to support payments processing initiatives, including image exchange, ACH processing, wire processing, Federal Reserve messages, in-network exchange payment processing and mobile payments.


RSS print
News Now LiveWire
CUNA economist Schenk discusses regulators' focus on interest-rate risk. See CU Magazine: http://t.co/tW1p9rTSSv
27 minutes ago
Fed issues annual report on general-use prepaid cards in gov't-administered payment programs. http://t.co/3zPhejSPZt
39 minutes ago
Children in foster care face higher risk of identity theft via @NBCNews http://t.co/Dif0hCfBdA
39 minutes ago
.@Cornerstone_CUL's leadership conference includes food drive for San Antonio food bank http://t.co/h2O8O4TxuD
1 hours ago
Worldwide #creditunion growth: Nearly 57K CUs now serve 208M members #NewsNow http://t.co/vrSv3Gvp7X
2 hours ago