EDS*PAYSM for Automated Clearing House Services: Business Case
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- Executive Overview
- Business Case
- Technical Summary
ACH Benefits Without Breaking the Bank
Automated Clearing House (ACH) capabilities can help you attract corporate business. It can be an edge in outpacing your competitors. But it also takes valuable time and resources. And with the infrastructure overhaul and capital outlay that most banks need to support upgraded PEP+ software, it can overwhelm your capacity and your staff.
EDS*PAYSM for Automated Clearing House (ACH) Services offers an alternative. It provides bank clients with a comprehensive menu of reliable, secure ACH capabilities. Our dependable hosting solution, coupled with CheckFree's PEP+ Software, receives and originates electronic financial transactions and incorporates reporting, file posting, risk management and warehousing capabilities to give you robust ACH functionality and unlimited capacity without adding overhead. Regardless of the size of your organization, EDS, an HP company, has a processing environment to fit your needs.
Strategy Implementation For Growth and Expansion
Our bank clients benefit from EDS' technology expertise and our ACH processing experience. It's a tested approach to implementing or expanding your electronic financial transaction strategy.
- Boost revenues and open new markets by originating ACH services
- Accelerate settlement through automated return processing
- Comply with NACHA requirements
- Eliminate capacity constraints on ACH volume
- Receive services at rates based on infrastructure usage
- Minimize risk with proven disaster-recovery and contingency-planning services
What's more, our technology leadership and experience with service bureaus allows us to provide exceptional and knowledgeable customer service in addition to proven disaster-recovery and contingency-planning – services that both reduce risk and meet regulatory requirements. This combination of superior software, infrastructure and industry expertise provides you with an unparalleled means of implementing or expanding your ACH strategy.
CheckFree Partnership
To bring you the most comprehensive ACH services available, we partner with CheckFree, a division of Fiserv and an industry leader in financial electronic commerce services and products. CheckFree's PEP+ software is used to process over two-thirds of the nation's six billion annual ACH payments, including 85 percent of the nation's top 50 ACH origination banks. Our partnership means that EDS technology is designed in tandem with this leading software and works flawlessly to support it.
- Leading edge PEP+ software, maintained and supported by CheckFree Technical Support personnel
- Function-rich services, including EDI translation, automated settlement and return-item processing, enhanced customer reporting, and risk exposure monitoring
- Unparalleled combination of infrastructure, industry-leading PEP+ software by CheckFree, robust capabilities and unlimited capacity
- Proven disaster-recovery and contingency-planning services that reduce risk and meet regulatory requirements
EDS Delivers Industry Expertise
EDS*PAYSM for Automated Clearing House Services provides financial institutions with the infrastructure and expertise to manage a premier automated clearing house application in a leveraged mainframe environment.
- EDS processes more than 98 million ACH payments annually
- We use PEP+ software, which is used in over 70 percent of all ACH transactions
- EDS brings 45 years of experience and a proven track record in ACH processing
- We are an active member of the Electronic Check Council and an associate member of NACHA
EDS is a trusted business ally. Financial services institutions around the world partner with us for technology solutions designed for this unique industry. And we're ready to put our experience to work for you.
For more information about what EDS can do for you, submit a business inquiry.