Active Archive provides interactive capabilities that simplify the archiving process which, when integrated with ACH processing, improves tracking capabilities for financial institutions.
The solution gives financial institutions a centralized view of all customer payment activity. It combines all electronic payment types including image cash letter, ACH and wires into a single archive.
Transactions that are converted from check to ACH can be linked in the database to make it easier to track and research.
Through Aptys’ analysis module, financial institutions are privy to enterprise-wide information inherently improving the ability to better monitor risk, analyze payment trends and potentially stop payment fraud, said the company.
The unique design of Active Archive integrates seamlessly with existing ACH payment systems, enabling financial institutions to consolidate information into a common archive without having to replace existing technology.
Aptys Solutions president Sean Pennock said our PayLOGICS solution is evolving to meet the needs of today’s financial institutions that are increasingly risk averse. The search capabilities inherent in Aptys’ system deliver time savings and efficiencies in item retrieval via a common archive.
