US-based Travis Credit Union has implemented ACH Federal’s PaymentsHQ processing platform with an aim to simplify the federal and state tax addenda format required by NACHA.
An e-Payments technology and processing platform, ACH Federal’s new payment system was designed specifically for Travis Credit Union.
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Through this implementation, Travis Credit Union will be able to securely transfer payment information for business and payroll taxes.
When the PaymentsHQ processing system is loaded with the federally required tables, the appropriate categories and IDs should be selected and entered respectively before the system builds out the required ANSI addenda for the transaction.
ACH Federal president, Kurt Schusterman, said: "The power of our PaymentsHQ platform is its ability to be tailored to the unique needs of our customers. Travis Credit Union’s business need turned into a technology that created a solution for many other financial institutions and direct customers as well."
The Addenda integration is part of the PaymentsHQ product suite and provides companies with a groundbreaking and exclusive benefit to their ACH processing system.
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By GlobalData
