Being chosen to provide ACH processing for Bank of Lincoln County showcases the flexibility of ACH Federal and our commitment to providing all customers -- large and small -- with top-tier and outstanding service and product offerings for their complex customer requirements
New York, NY (PRWEB) October 19, 2010
ACH Federal, a provider of Web-based ACH processing services to both banks and businesses announced today that it has been tapped by Bank of Lincoln County to provide a full array of Automated Clearing House (ACH) processing and transaction services to the bank’s customers. Under the partnership, ACH Federal will provide intuitive tools to enhance overall ACH offerings for Bank of Lincoln County, including payroll and ACH payments for its customers.
Bank of Lincoln County faced a mounting challenge of providing its valued customers with top-notch ACH services, however, as a smaller sized community bank, it did not have the internal capacity to offer these capabilities. With exorbitant and increasing costs from its core processor to conduct ACH transactions, Bank of Lincoln County needed to look to a third-party vendor. ACH Federal was selected as the choice provider of ACH services for its best-of-breed technology, easy-of-use and low fees.
“We were in a major time crunch to get a new ACH provider up and running in order to meet our customers needs and ACH Federal bent over backwards to work with us and meet our time-sensitive demands,” said Kathy Kent, Vice President, Bank of Lincoln County. “ACH Federal provides a simple and cost effective ACH solution that enables us to offer our customers all of the same ACH services and benefits of large-scale banks and financial institutions, but at a much lower cost.”
To help best meet its customers’ needs in a quick and efficient manner, ACH Federal has a terminal that connects directly to the Federal Reserve. ACH Federal provides secure online payment processing for small banks, business and 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 industry-leading data encryption technology for all transactions.
“Being chosen to provide ACH processing for Bank of Lincoln County showcases the flexibility of ACH Federal and our commitment to providing all customers -- large and small -- with top-tier and outstanding service and product offerings for their complex customer requirements,” said Russ Scudder, president of ACH Federal.
About Bank of Lincoln County
Bank of Lincoln County is the “Community Bank of Choice” in Lincoln County, TN by creating and delivering quality banking products and services to our customers at exceptional values. We are serving our local community with integrity and pride and we are a responsible corporate citizen in the community we serve. Bank of Lincoln County will continue to grow and attain even greater market share in our existing market. We'll meet this challenge by insuring that our employees are well trained to deliver state-of-the-art products and superior service to our customers. Bank of Lincoln County is known for being the only “Home-Owned” and “Home-Operated” bank in Lincoln County. “Hometown Banking” at its best with employees who believe in our motto- “Where You Belong!”- to provide the best products and service to our customers. Right now, we offer such products and services as: Online banking, Online Bill Pay, Electronic Statement, Cash Management Services, deposit accounts to fit your needs, 24-Hour Telephone Banking, ATMs at all locations, and many other competitive banking products and services.
For more information, please visit http://www.bolconline.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.