Volante Technologies announces general availability of next-generation ACH payment processing solution for financial institutions

Volante now gives financial institutions a viable roadmap to replace their legacy ACH systems with a modern, extensible, scalable, and configurable solution

NEW YORK--(BUSINESS WIRE)--Volante Technologies, the global leader in Payments as a Service (PaaS), today announced the general availability of its next-generation ACH payment processing solution, available on-premises or as Payments as a Service (PaaS). This offering enables financial institutions to replace legacy ACH systems while improving processing performance, increasing adaptability, and ensuring more reliable access to funds.

Built on a proven cloud-native platform, the multi-rail solution empowers financial institutions to expand their ACH capabilities and provide a superior experience to their corporate and consumer customers. The general availability launch builds on the successful deployment of the high resiliency solution across multiple financial institutions, who are now live and processing mission-critical ACH volumes through the solution.

Volante’s ACH offering comes equipped with rich value-added services, including positive pay, smart payment routing, itemized funds control, and advanced fraud, sanctions, and FX processing for International ACH Transaction (IAT) payments. With integrated tools like returns and reversals handling and support for all critical SEC codes, the solution addresses the end-to-end lifecycle needs of modern ACH operations.

The expanded rollout is timely, as the legacy ACH systems most financial institutions rely on to process these mission-critical payments are collapsing under the weight of increasing volumes. In 2024, the ACH Network processed 33.6 billion payments, a 6.7% year-over-year increase, with total payment value reaching $86.2 trillion, up 7.6%.

This rapid payment volume growth, coupled with the phase-out of paper checks, 24/7 processing, ISO 20022 messaging, and the inability to keep up with ongoing compliance and customer requirements, is pressuring banks to modernize their ACH systems. To stay competitive, financial institutions must be able to handle higher volumes, offer interoperability with different payment types, and deliver new ACH services faster. In contrast to numerous legacy systems, Volante’s ACH processing technology is the first solution to address all these demands, providing banks with a clear pathway to replacing legacy systems.

“There has never been a viable, market-wide option to replace incumbent ACH systems until now. Financial institutions with legacy systems cannot effectively deliver new ACH value-added services because they are not designed to quickly deploy new features. Our solution is modern and extensible, interoperable with other payment systems, and can serve as an engine of growth and profitability for banks, rather than a drag on their business,” said Deepak Gupta, EVP, Product, Engineering & Services, Volante Technologies.

Financial institutions can easily and quickly be onboarded to Volante’s ACH offering with predefined integrations and a migration plan that moves them from legacy ACH to a modern solution with minimal customer impact or internal complexity. It enables banks to handle increasing volumes with resiliency and security and harness the power of an ISO 20022-based data model to enable seamless interoperability across payment types.

Further, Volante’s platform is natively multi-rail, granting financial institutions the flexibility to control their roadmap by seamlessly integrating additional payment rails over time. The solution’s unified interface reduces training costs, onboarding time, and enhances productivity for operations teams. Overall, financial institutions can manage more transactions and larger payment files at a lower cost and with the highest straight-through processing (STP) rates.

“This solution improves margins and gives banks the flexibility to offer more competitive pricing while reinvesting in internal innovation. It’s just the beginning of what we’re delivering to accelerate payments modernization,” continued Gupta. “With seven of the top 10 U.S. banks already relying on our solutions, we’re committed to continuous innovation that empowers our customers to stay competitive, agile, and ready for the future.”

For a deeper dive or to schedule a demo, visit https://www.volantetech.com/ach-processing/

About Volante Technologies

Volante Technologies is the trusted cloud payments modernization partner to financial businesses worldwide, giving them the freedom to evolve and innovate at record speed. Real-time native, API enabled, and ISO 20022 fluent, Volante's Payments as a Service and underlying low-code platform process millions of mission-critical transactions and trillions in value daily. Volante’s customers include four of the top five global corporate banks, seven of the top ten U.S. banks, and two of the world’s largest card networks. Learn more at www.volantetech.com and linkedin.com/company/volante-technologies.