WESTMINSTER, Colo. (3/27/12)--SunCorp has reached an agreement with ProfitStars to power the corporate credit union's automated clearinghouse solutions.
This will replace the U.S. Central Bridge ACH System, APEX, and offer increased user and risk management reporting, more duplicate file-detection features, and integrated Office of Foreign Assets Control screening for international ACH entries, SunCorp said.
SunCorp's new service, named mACH (Members ACH), provides an upgrade in functionality and reporting for its members' ACH services.
"After extensive research and due diligence, we found ProfitStars' ACH solutions to be a great fit for our member credit unions," said Brandt Peterson, SunCorp executive vice president and chief financial officer. "This solution improves on the features of APEX with even more functionality and benefits."
In addition to its enhanced features, mACH includes many of the familiar processes of APEX, including the processing of receipt, return, and origination files through a Web-based solution.
mACH will be accessed through the SunCorp Application Portal, SunCorp's secure and single-sign-on access point. Online help features and multiple training will be provided to help transition current APEX users.
ProfitStars, a division of Jack Henry & Associates Inc., provides services to more than 1,000 credit unions using its ACH services.