Fiserv Clients Achieve Double-Digit Transaction Growth with Outsourcing of ACH Processing Utilizing PEP+
BROOKFIELD, Wis., 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.
- Turn Your Focus to the Customer Experience With ACH and ARP Outsourcing - http://fisv.co/2dlIrds
- ACH Processing White Paper - http://fisv.co/2eqqhmB
- ACH Processing Services from Fiserv - http://fisv.co/2efAu83
Fiserv, Inc. (NASDAQ:FISV) enables clients to achieve best-in-class results by driving quality and innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization. For more than 30 years, Fiserv has been a global leader in financial services technology. Fiserv is a FORTUNE 500 company and in 2016 was honored to be named a FORTUNE magazine's World's Most Admired Company for the third consecutive year. In 2015 the company was recognized among Forbes magazine's America's Best Employers. For more information, visit Fiserv.com.
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