ACH Federal Brings New Suite

ACH Federal Brings New Suite

29th January 2010

In a press release the ACH Federal, which is a new provider of the electronics payments and is based in Chattanooga, Tenn., has announced it formally that it would be launching a suite for the processing of the automated clearing house i.e. ACH as well as the services related to the merchant services. The platform which is based on the web would be providing the financial institutions as well as the other businesses that they can securely process the transactions of ACH with the help of a terminal which is connected directly to the Federal Reserve in combination with one sponsor bank. In the space of the merchant services, the transaction processing of the debit and credit card have also been offered by the ACH federal for the customers related to the businesses.

ACH Federal came into being during the year 2007 and started to work with the banks during the mid of the year 2009. Since May, it had processed more than 1.8 million of the transactions. Clint Blaylock, who is the vice president of the ACH Federal, has said in one press release that our reliable as well as secure system of the electronic payment processing would be of great help for streamlining the processes as well as for reducing the costs and mitigating the risks involved with it.