ACH Processing
Automated Clearing House (ACH) transactions are a mainstay of financial life, the way trillions of dollars flow through the economy every year.
As one of the leading ACH processors for credit unions, Catalyst provides a full suite of ACH services including origination, receipt, payroll and contingency.
Catalyst ACH solutions are built on a highly secure digital payment platform that handles over a billion transactions per year. Features of our ACH solution include:
- Automated FTP transfers for ACH origination, receipt and return items
- Powerful research capabilities
- Expedited processing of same-day ACH items
- Integrated dashboard for ACH management with single sign-on access
- Value-added training and support whenever you need it
ACH origination from Catalyst provides an efficient way to collect member loan payments from other institutions, send payments on behalf of members, pay vendors and originate direct deposits. The solution includes a powerful database to store information for recurring transactions with a scheduling feature that generates files automatically.
- Intuitive, easy-to-use data entry and import/export
- Pass-through for pre-formatted Nacha files
- Robust security and business recovery features
Make receiving ACH files easy with a convenient way to receive ACH posting data. Catalyst manages data exchange between the Federal Reserve and hundreds of credit unions daily – no need to maintain your own Fed account. Catalyst will streamline daily operations and reduce costs operating as your ACH receiving point.
- Single point of access
- No need to spend time and money on a direct Fed connection
- Multiple data reception methods supported
For a payment rail as critical as ACH, eliminating downtime is crucial. Catalyst can provide on-demand back-up for your existing ACH service in the event of a service disruption. ACH files can be redirected to Catalyst should files become unavailable through an institution’s existing Fedline.
- Easy download of ACH files, ready for core upload
- Receipt and origination contingency options available
- Service meets FFIEC requirements for ACH contingency planning
Catalyst offers optional ACH services that can be added to meet your institution’s specific needs.
- Client Access Business ACH Origination
- ACH Warehousing
- Anomaly Detection
- Credit Risk Monitoring
- Active Archive
- Domestic OFAC Checking
- International OFAC Checking