CHATTANOOGA, Tenn., Oct. 31, 2013 /PRNewswire-iReach/ -- ACH Federal, a leader in secure, reliable and cost effective e-Payments processing, announced that $1.9 billion Travis Credit Union is live with its state-of-the-art PaymentsHQ processing platform. Travis Credit Union is the first financial institution to benefit from the latest PaymentsHQ enhancement that streamlines and simplifies the complicated federal and state tax addenda format required by NACHA. The newest innovation to the ACH Federal payment system was developed as a break-through solution tailored specifically for Travis Credit Union.
The new feature allows Travis Credit Union, the eleventh largest credit union in California, the ability to remit payment information for business and payroll taxes with ease. The federally required tables are loaded directly into the PaymentsHQ processing system so selecting the appropriate categories and entering IDs is all that needs to be done before the system builds out the required ANSI addenda for the transaction.
Kurt Schusterman, President of ACH Federal says, "We are honored to have Travis Credit Union join our growing family of community banks and credit unions. The power of our PaymentsHQ platform is its ability to be tailored to the unique needs of our customers. Travis Credit Union's business need turned into a technology that created a solution for many other financial institutions and direct customers as well."
The Addenda integration is part of the PaymentsHQ product suite and provides companies with a groundbreaking and exclusive benefit to their ACH processing system. The new feature is available for all ACH Federal clients.
About ACH Federal
ACH Federal is an e-Payments technology and processing platform providing gateway services for all payment types (debit cards, credit cards, ACH) and end-to-end processing for ACH payments. ACH Federal focuses on tailoring its robust and modular technology to suit the needs of community banks and credit unions as well as small-to-medium enterprises that use the internet to make payments. ACH Federal is a Tier 1 payment processor entrusted with a Fed terminal onsite and a SSAE-16 / SOC3 seal of accreditation from the American Institute of CPA's® (AICPA). ACH Federal offers the best-in-class compliance, fraud detection, and risk management disciplines, while also providing PCI compliant credit and debit card services.
About Travis Credit Union
Headquartered in Vacaville, California, Travis Credit Union is a not-for-profit, cooperative financial institution serving those who live or work in Solano, Yolo, Sacramento, Placer, San Joaquin, Stanislaus, Napa, Contra Costa, Alameda, Sonoma, Colusa, and Merced Counties. Currently, Travis Credit Union is the 11th largest credit union in California, with more than 178,000 members and over $1.9 billion in assets. As one of the leading financial institutions in Solano, Contra Costa, Yolo, Napa, and Merced Counties, Travis Credit Union's strength lies in its faithful commitment to its members; its solid, secure history; and its long-standing track record of dedicated service.
Media Contact: Susan Burchett, ACH Federal, 423-702-7116, firstname.lastname@example.org
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SOURCE ACH Federal