ROCKWALL, Texas--(BUSINESS WIRE)--To streamline payment processes for the more than 400 financial institutions it services nationwide, United Bankers’ Bank (UBB) has implemented the Active Archive and Image Exchange modules of the Aptys PayLOGICS system, the industry’s only unified platform to support all aspects of payment processing.
Chosen for its ability to integrate seamlessly with the bank’s existing infrastructure, PayLOGICS enables UBB to house all transactions and historical data in one location. Merging image cashletter files, ACH and other transaction details into a single cloud-based archive, the Active Archive module gives UBB a centralized view of all customer payment activity, and meets all compliance and reporting requirements.
It also gives the bank an opportunity to attract new business.
According to Mary Sherman, Vice President and UNETexchange manager for UBB, “Active Archive enables us to offer our respondent customers a tool to easily and efficiently manage their data and automate the process of returns and adjustments. It gives them a real competitive advantage.”
“Enabling banks to remain competitive is the driving force behind PayLOGICS,” said Sean Pennock, President of Aptys Solutions. “Unlike first generation technology that tried to cobble together various payment silos, PayLOGICS is a truly unified platform that enables banks like UBB to serve as their own exchange networks with least cost routing and drive down incremental costs.”
About United Bankers’ Bank
Headquartered in Bloomington, Minn., United Bankers' Bank is the wholly owned banking subsidiary of United Bankers' Bancorporation, Inc. UBB - the nation's founding bankers' bank - provides deposit, lending, investment and consulting services to more than 800 community banks in 13 states located throughout the Upper Midwest and Pacific Northwest. For more information, visit www.ubb.com.
About Aptys Solutions
Rockwall, Texas-based Aptys Solutions provides financial institutions with a unified platform to support all methods of payment including image exchange, ACH processing, wire processing, payments archive, Federal Reserve messages, least cost routing, in-network exchange (INEX) payment processing and mobile payments, among others. By providing financial institutions with a single point of entry for all payment solutions, Aptys helps increase overall efficiencies while reducing expenses associated with managing multiple vendor relationships. For more information, visit www.aptyssolutions.com.