ACH Federal To Power ACH Processing Services For New England Bank

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Start-Up To Provide Online Electronic Payment Processing For New England Bank Customers

ACH Federal, a provider of online electric payment processing services to both banks and businesses, today announced that New England Bank, an independent community bank serving Connecticut, has selected ACH Federal to provide Automated Clearing House (ACH) Services to its customers via an easy-to-use Web service. ACH Federal will begin processing with New England Bank on April 1, 2010.

New England Bank chose ACH Federal to provide ACH services to its customers because of the company's industry expertise, and high standards for security and customer service. Customers will be able to conduct their personal and business transactions such as payroll, recurring payments and direct deposit through New England Bank's Web site that will be powered by ACH Federal.

"With increasing numbers of customers requesting online payment processing, we looked for a vendor that could provide a combination of stellar security, reliability and customer service," said James O'Donnell, vice president, commercial deposit services, at New England Bank. "We are always looking for opportunities to offer our customers with innovative services. We look forward to working with ACH Federal and providing seamless and secure online payment processing to our customers."

With a terminal that connects directly to the Federal Reserve, ACH Federal provides secure online payment processing for financial institutions via a streamlined, easy-to-use Web-based platform. In addition to providing risk management and compliance programs, ACH Federal’s platform meets the highest security standards, using dual-file approval systems, multi-factor authentication and best-of-breed data encryption technology for all transactions. Founded to address the growing need for electronic payment processing, ranging from direct deposit to web payment portals, ACH Federal has processed more than 3 million transactions since early 2009.

“Being selected as the ACH provider for New England Bank continues our momentum, as we broaden our base of clients and rapidly grow the business,” said Russ Scudder, CEO of ACH Federal. "We are committed to offering a top-of-the-line suite of online payment processing services to banks and businesses to mitigate risk, reduce costs and drive organizational efficiency."

About New England Bank
New England Bank is an independent community bank that has been serving the financial needs of individuals, families, professionals and small to mid-size businesses in Connecticut since 1916. New England Bank is state chartered and its deposits are FDIC insured. For more information about New England Bank, visit http://www.nebankct.com.

About ACH Federal
ACH Federal provides a simple and secure Web-based solution for banks and businesses to reduce the risk associated with electronic payments, while decreasing costs and increasing efficiency. ACH Federal was founded in 2007 by three accredited ACH professionals with vision for providing better ACH solutions and customized services to banks and small businesses. Today, the company's expert management team has more than 80 years of combined ACH industry experience including six Accredited ACH professionals (AAPs). For more information, visit http://www.achfederal.com.

For media inquiries, please contact:
LaunchSquad
Gavin Skillman or Brigid Zapp
ACH(at)launchsquad(dot)com
(212) 564-3665

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Gavin Skillman or Brigid Zapp
ACH Federal
(212) 564-3665
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