Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
PayLOGICS launches same-day settlement
ROCKWALL, Texas. (7/14/11)--Users of Aptys Solutions’ PayLOGICS payment platform can now manage and perform same-day settlement (SDS) through the system’s automated clearinghouse (ACH) function, the payments systems network provider announced yesterday. “Financial institutions continue to focus on generating revenue and reducing costs,” said Sean Pennock, president of Aptys Solutions. “In response to industry demand, Aptys developed PayLOGICS from the ground up to include SDS functionality. By continually bridging legacy and emerging payments, we are providing financial institutions a cost-effective and efficient method of managing their payments platforms today and in the future.” In 2010, the Federal Reserve began offering an intraday service for certain debit transaction types, including converted checks, and Internet and telephone transactions. National Automated Clearing House Association is now exploring new options for expanding the SDS functionality within its rules base. Rockwall, Texas-based Aptys Solutions provides financial institutions with a common infrastructure to support payments processing initiatives, including image exchange, ACH processing, wire processing, Federal Reserve messages, in-network exchange payment processing and mobile payments.


RSS print
News Now LiveWire
.@TheNCUA says its employees report high job satisfaction in the 2014 Federal Employee Viewpoint Survey. http://t.co/1nLUwrEqnA
1 hours ago
.@MeridianTrustCU has opened the first mobile banking branch in the state of Wyoming
1 hours ago
#Cash isn't king anymore, @BostonFed reports http://t.co/smR6H0ztoy
2 hours ago
@FTC acts to stop 'phantom debt scam' that targeted Spanish-speaking consumers nationwide http://t.co/9FSNSgWSax
2 hours ago
Data, privacy take center stage at Cal./Nev. #creditunion leagues annual meeting #NewsNow http://t.co/4ognppZ6jv
2 hours ago