ACH Alert Shares How Modernizing Current Processing Methods Leads to Faster Payments in Latest White Paper

White paper explores how financial institutions can improve existing
processes to provide faster, more secure and more profitable payment
services

OOLTEWAH, Tenn.–(BUSINESS WIRE)–ACH
Alert
, an award-winning provider of electronic payments fraud
prevention technology for financial institutions of all sizes, released
its latest white
paper
, “Modernizing Current Processing Methods to Achieve Faster
Payments Now.” In this white paper, ACH Alert examines the industry’s
existing systems and processing methods, along with noting the
challenges accompanying each and effective ways to improve these
processes.

To keep up with the industry’s shift to faster and real-time payment
options, financial institutions should consider modernizing existing
systems rather than rushing to replace them. While the market’s payment
systems are still perfectly viable, proven and trusted by account
holders, the processing methods must be updated to appear more real
time. The industry needs solutions that can make processes far more
efficient, effective and appealing to clients through automating
paper-based and labor-intensive activities. Rather than discarding their
systems in place, financial institutions can invest in new solutions for
less money than it takes to maintain legacy support systems.

ACH Alert’s white paper dives into the current challenges facing
treasury services and payment protection processes – specifically check
positive pay, ACH debit blocks and filters, wire transfer protection,
and EDI translation. ACH Alert offers solutions to automate these
inelegant processes that have been known to impede efficiency, damage
the client experience and curtail profitability. The white paper also
outlines next steps for financial institutions striving to improve their
bottom line by implementing readily available solutions that will reduce
costs, generate new revenue, enhance the customer experience and
automate the backroom.

“Financial institutions could reap significant value from improving the
services they have been accepting as ‘good enough’ for years,” said
Deborah Peace, chief executive officer of ACH Alert. “Doing so would
make these services much more marketable to today’s clients, who are
constantly demanding more from their financial institutions.
Implementing news tools would remove barriers to adoption, make check
and ACH payments more useful to clients, and bring a plethora of new
efficiencies to financial institutions. Payment reconciliations would
improve, paper would be eliminated, fraud would decrease, and
profitability would rise.”

To download the white paper, visit ACH Alert’s website.

About ACH Alert

Founded in 2007, ACH Alert provides patented, innovative fraud detection
services to financial institutions ranging from community banks to top
tier financial institutions. Relying on more than 25 years of industry
experience, ACH Alert assists financial institutions in mitigating the
risks associated with electronic payments. ACH Alert is the 2012
recipient of the Kevin O’Brien ACH Quality Award, the highest award for
quality in the ACH Network industry. For more information, visit www.achalert.com,
or follow them on Twitter @ACHAlert,
Facebook,
or LinkedIn.

Contacts

Augusta Bauknight
augusta@williammills.com
678-781-7214