ACH
June 8, 2011 - 9:04am | Banks and internet banks | News
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Wells Fargo and Bank of America announced the shutdown of their joint venture launched three years ago to process automated clearing house transactions between the two banks. The two companies stated that they abandon the operation, which they called Pariter.
“It will shut down over the next few weeks,” a Wells spokesperson tells Digital Transactions News. “It will take a few weeks to figure out what the specific impacts are.”
“It was a mutual decision, amicable,” says the Wells spokesperson. |
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November 11, 2010 - 6:21am | Fraud | News
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First Data signed a referral agreement with Laru Crop to provide its FundsXpress business online banking customers with enhanced automated clearing house (ACH) fraud prevention solution helping thus more easily comply with new industry requirements.
Laru creates ACH risk management, compliance and fraud detection and prevention applications for financial institutions. With the long-term, renewable agreement First Data takes to a higher level its business online banking risk management capabilities, making another layer of protection available through Laru's ACH Clarity product. |
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June 14, 2010 - 6:50am | News | Payment systems
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PayQuicker, an Internet based global payment gateway, has launched a new fast and free way to make and receive any method of payment online. Via its web-based portal businesses and individual customers can transact through all traditional banking methods including paper checks, ACH, direct deposit, electronic fund transfer and reloadable debit card. Members can send money inside the system for free. |
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May 10, 2010 - 10:21am | News | Payment systems
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ProPay has added encryption and tokenization of Automated Clearing House (ACH) data (bank routing and account numbers) to its suite of ProtectPay services. According to the official report after ProPay captures, encrypts, and processes the ACH data, the data is replaced with a token which organizations can use for future transactions against the data. |
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April 26, 2010 - 7:10am | News | Payment systems
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 Sunday, Clear2Pay introduced its Tax Data Service (TDS) product on the opening day of NACHA Payments 2010.
TDS automates and streamlines the formatting and routing of tax payments, replacing a traditionally manual and resource intensive process. |
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March 30, 2009 - 5:49am | Fraud | News
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Association for Financial Professionals (AFP) presented the results of the research that show over 70% of US firms became victims of attempted or actual payments fraud in 2008. 629 corporate treasury and finance professionals survey, sponsored by the JP Morgan Treasury Services, found that large organizations were more likely to have experienced payments fraud.
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March 23, 2009 - 5:09am | News | Payment systems
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Fraud Practice, that provides consulting services on e-commerce payments, fraud prevention and credit granting, is forecasting that about 1/3 of all online retail transactions ($268 billion) are expected to be alternative payments by 2013. So the company presents The Fraud Practice’s Guide to Alternate Payments, created to help merchants, service providers and financial institutions make more |
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March 10, 2009 - 6:29am | News | Payment systems
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A leading provider of POS solutions and electronic payment services CHARGE Anywhere announced the addition of ACH Services to its wide scope of features available on the secure payment gateway ComsGate. These new features will allow merchants to debit and credit funds from any checking, savings or business account.
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February 13, 2009 - 3:29pm | Figures | News
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According to NACHA transaction volume on its WEB e-check code has grown to 552.1 million from 474.1 million in 2007’s fourth quarter (16.5%). Specialists say this is due to the long-term consumer shift from writing checks, and greater use of online bill pay.
ARC transactions, on the other hand, have decreased from 689.3 million in 2007’s final quarter to 653.2 million (5.2%).
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January 30, 2009 - 8:48am | News | Payment systems
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AlertPay, a known online payment processor that recently had their customers’ accounts terminated by the Royal Bank of Canada provided further information about the issue. The payment service reported on their website that they received updated information from Multi-Marketing Corp which is AlertPay’s ACH/EFT service provider through Royal Bank of Canada (RBC). |
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January 26, 2009 - 1:50pm | News | Other themes
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The first in a series of webinars on automated clearing house (ACH) topics, hosted by ACH Direct and the Electronic Payments Network (EPN), is scheduled for Tuesday, February 11 on “Comparative Payments.”
This session will provide details on the payment options available to businesses and consumers continue to grow each year. Checks, wire, credit cards and ACH are still commonly-used options. |
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January 14, 2009 - 8:24am | News | Payment systems
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uMonitor, a well-known financial technology Company, continues rapid growth and expands team. This Company has a reputation of the innovative financial solution services provider for banking customer acquisition and retention. And it today announced that it ended 2008 with more than 30 percent revenue growth. Moreover, its employee base observed over 60 percent increase. The company keeps going this way. |
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November 25, 2008 - 5:44am | Banks and internet banks | News
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Financial institutions will be offering customers to make secure online funds transfers directly from their accounts into the accounts of other individuals held at more than 23,000 banks, credit unions and brokerages via the ACH network. Two of the top 10 Banks in the US will be among the first to implement Third Party Transfers in 2009.
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November 17, 2008 - 12:22am | News | Other themes
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Banks and other organizations will be able to provide merchants with check scanners starting at $15 a month under the new program of Jack Henry & Associates, Inc., provider of integrated technology solutions and data processing services for financial institutions. Jack Henry & Associates launched a new project to enable banks and credit unions to capitalize on remote deposit capture (RDC) opportunities independent of the initial capital investments historically required to purchase check scanners and the ongoing hardware management and support.
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