Trusted-ACH Solutions
About Trusted-ACH
Trusted-ACH is an electronic fund transfer full solution that enables inter-bank transactions clearing among participating financial institutions via EG-ACH using EBC network governed by CBE.
To facilitate the established electronic clearing standard managed by EBC (Egyptian Banks Compay) and governed by CBE. The standard governed the structure and content of payment messages for all clearing instruments. ACH (Automated Clearing House) shall be a medium of exchange, presentation and settlement of non-cash payment instruments (cheques, drafts, credit clearance, Electronic Funds Transfers and similar payment orders and their electronic records) drawn on and payable to ACH (Automated Clearing House) members banks. The cheques and interbank clearing process will be performed through the ACH (Automated Clearing House) governed by the Central Bank.
Key Features
Trusted-ACH is the ease through which businesses can establish automated accounts payable and accounts receivable inter-bank payments.
Authentication and authorization (mandate based) solution to reduce risk of faults and fraud.
Parameterized and flexible setup for the ACH solution to fit business need of every bank.
Trusted-ACH is compatible with EG-ACH and EBC standards, approved by CBE.
With the setup and parameterized options, the bank can be made ready to use the solution within short period.
Set of professional and valuable reports enables you to manage solution performance.
Key Benefits
Trusted-ACH is a cost effective solution delivers ACH transactions no matter the size of your bank or transaction volume.
Trusted-ACH is using state-of-the-art technology edge to maximize operational efficiency.
Eliminating manual process shall increase productivity and reduce errors.
Trusted-ACH helps your to expand business offering to meet current market needs.
Enhances customer service & improves satisfaction
Full compliance to ACH scheme and EBC standard process according to CBE guidance.
ACH (Automated Clearing House) integrates with Trusted-IPS to collects the Cheques, and other payment instruments, of its subscribers and sends them to the settlement and implementation of the necessary effects, and then extracts files for each bank’s data of the papers that were presented and the results of presentation of collection or rebound.
Trusted-IPS system will cover how Bank will manage the cheques clearance with other banks through the integration with ACH
