News

Texas Capital Bank opts for Fiserv ACH processing

April 29, 2013

Brookfield, Wis.-based Fiserv Inc. has announced that Texas Capital Bank is now using PEP-plus ACH processing services, an online solution for originating and receiving ACH electronic funds transfers. PEP-plus will allow the FI to offer an extended processing window to its business customers and meet NACHA regulatory guidelines without capital expenditure. 

Texas Capital senior vice president and manager of deposit operations Ken Self said the outsourcing model was a cost effective way for the FI to keep up with industry standards and regulations. "It's an ideal fit for Texas Capital Bank," he said. "We believe that Fiserv will help us improve our growth by continuing to develop enhanced commercial banking solutions, and that is why we continue to see them as a partner moving forward."

The Fiserv ACH solution has allowed Dallas-based Texas Capital to extend its deposit cut-off time from 6:30 p.m. to 8:30 p.m., accommodating the needs of business customers, the company said.

ACH Processing Services from Fiserv give mid-market institutions the functionality, risk mitigation and reporting without the cost of acquiring, operating and maintaining systems, according to Pat Korb, senior vice president of global payments solutions at Fiserv.

"Outsourcing allows financial institutions to not only add valuable, revenue-producing services quickly and cost effectively, but it also provides a viable strategy to lower fixed costs and move to a predictable, volume-based cost model," Korb said.

In addition to PEP-plus and Signature, Texas capital uses Fiserv Item Processing, Corillian Business Online, Branch Source Capture, EFT, FrontierAccount Reconciliation and Nautilus.

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