Nov. 8 - SWACHA Services Corporation (SSC), a for-profit, wholly-owned subsidiary of SWACHA - The Electronic Payments Resource, has officially partnered with Aptys Solutions as a technology provider for their automated clearing house (ACH) modules within PayLOGICS, the industry's only common platform to support all aspects of payment processing, including: image exchange, ACH processing, wire processing, payments archive, Federal Reserve messages, least cost routing, in-network exchange (INEX) payment processing and mobile payments.
As financial institutions (FIs) continue to face changing industry regulations, Aptys Solutions offers the ability to consolidate payment processing including an end-to-end ACH solution for originating, analyzing, processing, receiving, managing, and monitoring ACH transactions.
"We chose to partner with Aptys Solutions because of their unique turnkey ACH solutions which provide strong competitive advantages for our members and other clients," said Tim Quisenberry, AAP and president of SWACHA Services. "This, combined with process efficiencies and revenue generation are imperative to the future growth of FIs."
Using Aptys' ACH technology provides FIs with a cost-effective and efficient method for processing ACH transactions through a unified payments platform--offering lower transaction processing costs and faster more efficient clearing services for managing their payments today and in the future.
Banks and credit unions are always looking for new growth opportunities.
"This partnership allows our clients to have one go-to vendor they can trust to provide them with the most robust, comprehensive ACH technology," said Quisenberry. "The ability to offer least-cost routing and in-network exchange (INEX) of ACH transactions lead us to partner with Aptys. We look forward to seeing the advantages it brings to our customers."
Aptys' ACH solutions enable FIs to:
-- Leverage existing ACH volume
-- Run same day settlement of ACH transactions
-- Perform exception item management, returns, and reversals
-- Achieve full ACH origination
-- Automate payment processing
-- Offer product diversification
-- Remain competitive
"It is very rewarding to partner with an organization of SWACHA Services Corporation's caliber and we are particularly pleased that they have recognized the significance and quality of our ACH solutions," said Sean Pennock, president of Aptys Solutions. "Developing secure, scalable, and cost effective technology remains a priority for Aptys and anytime we establish a partnership with a strong advocate in the marketplace such as SWACHA it verifies that we are achieving our goals."
About SWACHA Services Corporation
SWACHA Services Corporation (SSC) is a for-profit, wholly-owned subsidiary of SWACHA-The Electronic Payments Resource(R). SSC provides a wide range of professional services to community banks, credit unions and other financial intuitions in the electronic payments industry outside of those traditionally offered through SWACHA membership. For more information, visit www.swachaservices.com.
About Aptys Solutions
Rockwall, Texas-based Aptys Solutions provides financial institutions with a unified platform to support all methods of payment including image exchange, ACH processing, wire processing, payments archive, Federal Reserve messages, least cost routing, in-network exchange (INEX) payment processing and mobile payments, among others. By providing financial institutions with a single point of entry for all payment solutions, Aptys helps avoid efficiency losses and expenses associated with managing multiple vendor relationships. For more information, visit www.aptyssolutions.com.