Fiserv, Inc. (NASDAQ: FISV), a global provider of financial services technology solutions, has announced that clients utilizing its ACH Processing Services have reported transaction volume growth of 12% to 14%, significantly higher than NACHA-member average of approximately four percent year over year. ACH Processing Services is a hosted (outsourced) version of PEP+(R), an online, real-time solution for the processing of ACH electronic payments.
Fiserv has processed over 1.3 billion transactions over the last 12 months on behalf of clients via ACH Processing Services. According to ACH volume statistics from 2015 released by NACHA, Fiserv clients include seven of the top 50 ACH originator banks that outsource ACH processing as well as five of the top 50 ACH receiver banks that outsource ACH processing.
With increasing need for financial institutions to find the most cost-effective ways to manage their operations, ACH Processing Services provides a way to maximize resources,” said Ken True, general manager and vice president, Treasury Operations Solutions, Financial and Risk Management Solutions, Fiserv. “As the payments landscape continues to grow and evolve, Fiserv equips our clients to deliver financial services at the speed people expect, while mitigating risk and reducing operational costs. “
Utilizing ACH Processing Services, financial institutions of all sizes can leverage PEP+, the nation’s leading ACH processing software, hosted on Fiserv-owned and managed hardware and services. ACH Processing Services is particularly suited to financial institutions that are growing their transaction volumes and those who would like to put their ACH capabilities on an equal footing to the leading financial institutions.