Automated Clearing House (ACH) is an electronic payment network used daily by millions of consumers, companies, financial institutions and government agencies to improve cash management capabilities and reduce fund transfer costs. U.S. Central’s APEX-ACH tool provides credit unions and their members a safe, cost-effective, easy-to-use solution for sending and receiving electronic payments. This includes direct deposit of payroll and government benefits and direct payment of items such as mortgages, loans and bills.

Facts:

• Provides credit unions and companies capabilities to process payroll, make vendor and international payments and service loans
• Exception processing, reporting, trace, research and risk management integrated throughout the system
• NACHA compliant system supported by an experienced and accredited staff

Business Benefits:

• Cost-effective, secure and reliable way to process ACH payments for credit unions and natural-person members
• Web-based solution: no software or hardware required; eliminates need for connection to a Federal Reserve Bank
• User friendly, white-labeled portal allows seamless upgrades and enhancements
• Turn-key implementation, training and marketing programs increase speed-to-market and adoption
• Stringent regulatory compliance and risk controls, along with automated processes, enhance operational efficiencies and help mitigate payments risk