Cloud Based Payment Technology Provider Launches Enhanced Payments Hub for ACH

Alacriti announced this week the launch of its enhanced version of Orbipay Payments Hub for ACH.

The company has more than 20 years of ACH experience and has processed more than 1.1 billion ACH payments.

The company told Banking Exchange that the enhanced solution will help financial institutions automate and streamline transactions for greater speed and efficiency and provide seamless integration with the Federal Reserve’s clearing systems.

The company also noted that banks could keep their existing core banking systems while still integrating Orbipay.

“Even with the rise of real-time payments, financial institutions must still optimize ACH for operational efficiency, cost reduction, and compliance,” said Neeraj Gupta, SVP of Product Management at Alacriti.

“Alacriti used its extensive ACH expertise gained in millions of transactions to modernize ACH and unify all payments in one platform. This allows institutions to not only manage existing ACH volumes more effectively but also set the stage for the future amortization of legacy payment rails.”