Financial services software provider Finastra has recently introduced a modern ACH payment solution aimed at better serving the US market.

Finastra’s Position in the US Payment Market

Through this initiative, Finastra positions itself among providers that support various US payment clearings, including ACH, wires, and real-time payments, within its unified payment hub, Global PAYplus.

Finastra’s new offering is designed to assist financial institutions in deploying a forward-compatible solution to simplify ACH processing, reduce operational complexity, and meet evolving regulatory and customer demands. The company’s solution offers a user-friendly interface, scalability, and the capability to manage large-scale transaction volumes, making it suitable for both large and small financial institutions.

Potential Benefits of Finastra’s ACH Module

Finastra highlights several key benefits associated with its ACH Module:

• Modern architecture built on cloud-native microservices and Kafka-based event streaming, facilitating scalable ACH processing;
• Advanced risk and compliance controls, including exposure management, validation, monitoring, Positive Pay, pre-funding, and integration with fraud and OFAC systems;
• High performance capabilities for handling large volumes of transactions across multiple batches and files;
• An improved customer experience through more transparent and reliable payment services.

In addition to the ACH Module, Finastra plans to integrate ACH processing into its Payments To Go solution, with the feature slated to go live in the upcoming months. According to representatives from Finastra, the launch is part of their ongoing efforts to support payment modernization in the US. The ACH solution combines advanced architecture with real-time capabilities to enable financial institutions to expand more efficiently and provide resilient and secure ACH processing to customers. Moreover, as banks seek modern, forward-compatible alternatives to legacy ACH infrastructure, Finastra aims to support them by equipping them with tools to better serve their corporate customer base.