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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.


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