Breathing New Life into ACH Processing

by FIS (Open Test Solutions) | White Paper

Automated Clearing House (ACH) transfers have proven to be
both easy and affordable methods of moving money. ACH
volumes continue to rise and have tripled over the past 10 years.
With 21.5 billion transactions processed annually, ACH will
continue to remain a vital part of any financial institution’s
payment strategy.

However, established ACH payments ecosystems face a
quandary: How should banks modernize, upgrade or even
replace old payment systems that currently work just fine?
Given the state of legacy ACH mainframe solutions at financial
institutions, many banks are concerned that they are unable
to provide the level of service that customers are now coming
to expect.

About FIS (Open Test Solutions)

Banks and payment providers are under constant public scrutiny. Whether it’s about paying or getting paid, there’s no room for compromise: the risk of bad publicity, reputational damage, loss of market share, customer churn and other adverse effects affecting the top line is far too great. Moreover, there’s new market entrants, strict rulebooks, scheme updates and innovations to take into account.

This is where testing comes into play. Testing is key in helping companies confirm quality, ensuring that their payment solutions adhere to governing specifications and creating a solid brand image. Because the payments world has its own characteristics, strict requirements, regulatory mandates, fast technology evolution, far-stretched security rules, mandatory certifications, tight deadlines, … It needs specialized test software, simulator tools and services designed for the fintech world.

Open Test Solutions is an FIS business line with more than 25 years of global expertise in payments testing. We provide the solutions that help you save time, optimize your investments, avoid unnecessary costs and unexpected delays. We work closely with our customers worldwide to make sure we understand their challenges, we build engagement and generate insights so we can deliver the solution that fits their business perfectly.

FIS has +55,000 worldwide employees and serves more than 20,000 clients in over 130 countries.

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