NACHA NEWS: Whitney National Bank Selects CheckFree's PEP+ Platinum Suite to Increase ACH Functionality

By Maria Bruno-Britz CheckFree announced that Whitney National Bank (New Orleans; $10.2 billion in assets) has selected the CheckFree PEP+ Platinum Package. The software and services deployment is designed to enable Whitney to rapidly and efficiently process ACH payments, streamline internal processes to mitigate risk and fraud exposure, increase revenue and ensure business continuity in the

By Maria Bruno-Britz

CheckFree announced that Whitney National Bank (New Orleans; $10.2 billion in assets) has selected the CheckFree PEP+ Platinum Package. The software and services deployment is designed to enable Whitney to rapidly and efficiently process ACH payments, streamline internal processes to mitigate risk and fraud exposure, increase revenue and ensure business continuity in the event of a future disaster.CheckFree PEP+ Platinum Suite will allow Whitney National to leverage an online, real-time ACH system that enables origination and receipt of electronic payments. The PEP+ Platinum deployment will enable the bank to migrate from paper to electronic payments processing, deliver improved web-based services to geographically dispersed clients, and help create new revenue streams by introducing value-added services designed to attract new customers. The bank will also gain the ability to highlight questionable transactions via a customizable web interface that allows customers to view and authorize transactions in real-time, helping to reduce fraudulent activities in their accounts.

"As a historically commercial bank, Whitney National Bank values the ability to offer our customers a contemporary product set, and considers it an essential component of the Bank's ongoing strategy," said Rodney Chard, Executive Vice President, Operations and Technology, at Whitney National Bank, in a statement.