Financial institutions need to replace the inefficient manual processes that have been a hallmark of the ACH (automatic clearing house) network. At the same time, you have to process consumers' ACH payments daily and protect them from fraud.
The best way to safely automate the growing volumes of ACH payment transfers, ensure quick and efficient ACH payment processing and bolster your financial institution's revenue, is with PEP+® from Fiserv. PEP+ makes ACH payment processing robust, automatic and efficient, with add-on modules that help your institution drive new revenue, retain customers and lower risk.
PEP+ is a high-powered mainframe system that allows your institution to automatically receive and originate electronic payments through the ACH network in a straight-through processing manner. It enables online ACH access so you can improve your customer service capabilities and base version of PEP+ automates ACH edits and interfaces, scheduling and settlement.
These modules are designed to create a strong return on your investment by growing your financial institution's revenue, driving customer retention and mitigating risk.
PEP+ automates almost every step in online ACH payment processing with a robust set of features. Take advantage of these features with seamlessly integrated PEP+ modules, which allow you to offer new value-add services to clients. These include: