Fiserv clients achieve double-digit transaction growth with outsourcing of ACH Processing utilizing PEP+
Financial institutions benefit from scalable, predictable cost model from Fiserv, reportedly grow ACH payments business at greater pace than NACHA-member average, while improving capacity and automation
BROOKFIELD, WI (October 20, 2016) — Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that clients utilizing its ACH Processing Services have reported transaction volume growth of 12 to 14 percent, 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. The financial institutions are benefiting from a scalable and predictable cost model that can help protect and grow their ACH payments business with greater capacity and automation.
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.
In a world that is moving faster than ever before, Fiserv helps clients deliver solutions that are in step with the way people live and work today – financial services at the speed of life. Learn more at TheSpeedofLife.com.
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About Fiserv
Fiserv, Inc. (NYSE: FI), a Fortune 500 company, aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of-sale and business management platform. Fiserv is a member of the S&P 500® Index and has been recognized as one of Fortune® World’s Most Admired Companies™ for 9 of the last 10 years. Visit fiserv.com and follow on social media for more information and the latest company news.
