Fifth Third Bank Selects CheckFree PEP+

Tuesday 9 November 2004 10:03 CET | News

Fifth Third Bank will deploy CheckFree PEP+ to provide a more efficient and customer-service-oriented Automated Clearing House (ACH) processing solution for its corporate customers.

Fifth Third Bank, will use PEP+ to provide an online, real-time processing platform that enables the origination and receipt of electronic payments through the ACH. Fifth Third Bank operates 17 affiliate banks with over 1,000 full-service banking centers and ATM operations in Ohio, Kentucky, Indiana, Michigan, Illinois, West Virginia, Florida and Tennessee. Fifth Third currently uses CheckFree ARP/SMS, a real-time check and deposit reconciliation system and CheckFree Frontier reconciliations solution to drive operational efficiency, reduce costs and provide greater control over risk management. With both Frontier and PEP+, Fifth Third can better manage transaction volumes, increase efficiency and improve customer service. CheckFree Software offers superior functionality, automating virtually every step in ACH processing, resulting in greater efficiency and customer service capability. Key PEP+ features include: online access and control for self-service and efficiency, risk management, multi-institutional processing, automated stop payments, automated scheduling, debit authorization and protection and automated settlement and returns.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce