Volante Technologies, a global leader in Payments as a Service (PaaS), has announced the general availability of its next-generation Automated Clearing House (ACH) payment processing solution. This new offering is designed to help financial institutions replace their outdated ACH systems with a modern, cloud-native, and scalable solution, thereby enhancing processing performance, adaptability, and reliability. The ACH solution is built on Volante’s proven cloud platform, enabling financial institutions to expand their ACH capabilities and provide a better customer experience to both corporate and individual clients. This multi-rail solution includes advanced features such as positive pay, smart payment routing, itemized funds control, and enhanced fraud, sanctions, and foreign exchange (FX) processing for International ACH Transaction (IAT) payments. It also supports all critical SEC codes and integrates tools for handling returns and reversals, addressing the entire lifecycle of ACH operations. The timing of this release is crucial, given the significant pressure on financial institutions to modernize their ACH systems. In 2024, the ACH Network processed 33.6 billion payments, marking a 6.7% increase from the previous year. The total value of these payments reached $86.2 trillion, up 7.6%. The rapid growth in payment volumes, combined with the ongoing phase-out of paper checks, 24/7 processing requirements, the adoption of ISO 20022 messaging standards, and the need to comply with new regulations and customer expectations, has made legacy ACH systems increasingly inadequate. Many banks are struggling to manage higher transaction volumes and to offer new, value-added services due to the limitations of their existing systems. Volante’s ACH processing technology aims to solve these issues by providing a modern, extensible, and interoperable solution. Unlike legacy systems, which are rigid and slow to update, Volante’s technology is flexible and can quickly deploy new features. This allows banks to not only handle higher volumes of ACH transactions but also to integrate smoothly with other payment types, reducing costs and improving efficiency. The company’s platform natively supports multiple payment rails, giving financial institutions the ability to control their modernization roadmap and seamlessly add new payment methods over time. One of the key benefits of Volante’s solution is its unified interface, which simplifies the training process and reduces onboarding time for operations teams. This, in turn, enhances productivity and ensures smoother transitions from legacy to modern systems. Additionally, the solution boasts high straight-through processing (STP) rates, allowing banks to manage more transactions at a lower cost while maintaining security and resiliency. Deepak Gupta, EVP of Product, Engineering & Services at Volante Technologies, emphasized the importance of this solution: “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 due to their inherent design limitations. Our modern and extensible solution can serve as an engine of growth and profitability for banks, rather than a drain on their resources.” Gupta further noted that with seven of the top 10 U.S. banks already using Volante’s solutions, the company is committed to continuous innovation to help its customers remain competitive and agile in a rapidly evolving market. Industry insiders and analysts have praised Volante’s approach to ACH processing. Experts highlight the solution’s ability to improve margins and offer more competitive pricing, which can be crucial for banks looking to thrive in a digital-first financial landscape. The integrated and flexible nature of Volante’s platform is seen as a significant advantage, especially in the context of rising transaction volumes and the need for seamless interoperability across various payment systems. Volante Technologies is known for its cloud-native, API-enabled, and ISO 20022-fluent solutions that process millions of transactions and trillions in value daily. The company serves a broad range of financial institutions, including 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. For more information or to schedule a demo, interested parties can visit Volante’s website at www.volantetech.com. In summary, Volante Technologies’ next-generation ACH payment processing solution offers a comprehensive and modern approach to managing ACH transactions, addressing the key challenges faced by financial institutions. By leveraging this technology, banks can enhance their operational efficiency, customer satisfaction, and regulatory compliance, ultimately driving growth and profitability in the competitive digital payments market.