Finastra, a global leader in financial services software, has announced the launch of its modern ACH payment solution, marking a major milestone in the U.S. market. With this release, Finastra becomes one of the key providers supporting all U.S. payment clearings including ACH, wires, and real-time payments through its unified payment hub, Global PAYplus.
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The Finastra ACH Module is built on a modern technology stack to provide financial institutions with a forward-compatible solution that streamlines ACH processing, reduces operational complexity, and meets evolving regulatory and customer demands. It supports comprehensive functionality, including same-day ACH, early pay, and late return handling, while offering robust APIs for operational control and seamless integration. Its intuitive interface, enhanced scalability, and ability to process large transaction volumes make it adaptable to the needs of both large and small financial institutions.
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“This launch marks a significant step forward in payment modernization,” said Barry Rodrigues, EVP of Payments at Finastra. “Our ACH solution blends advanced architecture with real-time capabilities, allowing financial institutions to scale efficiently and deliver secure, modern, and resilient ACH processing for their customers.. ACH has been trusted by U.S. banks for decades and will continue to be a critical component of the payments infrastructure. As banks look for modern, forward-compatible alternatives to legacy ACH systems, our solution helps them deliver value and innovation to their corporate customers.”
The solution leverages a cloud-native microservices architecture and Kafka-based event streaming, providing scalable and resilient ACH processing. It also integrates advanced risk and compliance controls, including exposure management, validation, monitoring, Positive Pay, pre-funding, and connections with fraud and OFAC systems. Optimized to handle high-volume transactions across multiple batches and files, the solution ensures reliable performance for even the most demanding ACH operations.
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By offering real-time insights and streamlined operations, Finastra’s ACH module empowers financial institutions to deliver a more transparent and reliable customer experience. Aaron Press, Research Director at IDC Insights, noted, “Forward-looking financial institutions of all sizes are seeking modern ACH alternatives integrated into payment hubs to optimize operations while providing advanced services customers expect. Solutions like this streamline processes, reduce costs, and enhance the overall customer experience.”
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