The alliance aims to provide North Alabama Bank’s customers with ACH processing and transaction services via ACH Federal’s Payment Processing Platform (PPP).
As a result, the partnership is expected to allow the bank’s customers to use the ACH Federal platform for deposits or credits delivered directly to their accounts electronically via the ACH network. ACH Federal provides online payment processing for small businesses and financial institutions via a web-based platform which uses dual-file approval systems, multi-factor authentication and data encryption technology for all transactions.
In a recent development, ACH Federal has entered an agreement with Payzone, a customized payroll services company, to provide Automated Clearing House (ACH) services to its customers.
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