FOR IMMEDIATE RELEASE
CONTACT: Joy Petrilli
JPetrilli@aptyssolutions.com
615-625-3041
NACHA Recognizes Aptys Solutions as Leader in Enablement of Deposited Check Truncation
Aptys’ Technology Allows for Adoption of Deposited Check Truncation by All Financial Institutions
ROCKWALL, Texas—Aptys Solutions, in collaboration with NACHA –The Electronic Payments
Association, announced today that it will provide the technology to support Deposited Check Truncation
(DCT). The DCT program, which began as a pilot in 2010 and will transition into an opt-in program
moving forward, enables a financial institution to use the ACH Network to electronically collect lowvalue consumer checks deposited by customers. Aptys’ PayLOGICS system, which can be utilized by all
financial institutions, simplifies the DCT process by enabling the bank of first deposit to truncate a check
and clear it with a Direct ACH Debit Payment. Financial institutions can save significantly on the clearing
cost per item, dramatically reducing what was once a costly budget item.
“NACHA is pleased to collaborate with Aptys Solutions and we encourage financial institutions to
evaluate how they can benefit from the DCT program,” said Janet O. Estep, NACHA president and CEO.
“We strive to bring together financial institutions, solutions providers, and businesses in different ways
to support the development and use of innovative solutions that leverage a trusted, common rules set.
Our collaboration with Aptys is another way that we are enabling organizations that utilize the ACH
Network to realize cost savings and improve efficiencies.”
Aptys’ software enables financial institutions to:





Identify and separate DCT transaction candidates from an image cash letter file
Automatically create ACH collection transactions using the TRC (Truncation) SEC code
Automate the origination of an ACH file with the TRC transactions
Output a rebalanced image cash letter file for delivery through normal clearing channels
Item archival is available to allow efficient second day processing of any converted items
“Adoption of this technology will be of significant benefit to financial institutions of all sizes,” said Sean
Pennock, president of Aptys Solutions. “High cost tier 2, 3 or 4 items can be easily cleared electronically
at a far lower cost via the ACH Network. Much of the savings Check 21 provided was in the form of
reduced transportation costs. The DCT program truly transforms the market by offering extremely low
cost item clearing options utilizing standard ACH processing, which has long been in place.”
About NACHA – The Electronic Payments Association
NACHA manages the development, administration, and governance of the ACH Network, the backbone
for the electronic movement of money and data. The ACH Network provides a safe, secure, and reliable
network for direct account-to-account consumer, business, and government payments. Annually, it
facilitates billions of Direct Deposit via ACH and Direct Payment via ACH transactions. Used by all types
of financial institutions, the ACH Network is governed by the fair and equitable NACHA Operating Rules,
which guide risk management and create payment certainty for all participants. As a not-for-profit
association, NACHA represents more than 10,000 financial institutions via 17 regional payments
associations and direct membership. Through its industry councils and forums, NACHA brings together
payments system stakeholders to foster dialogue and innovation to strengthen the ACH Network. To
learn more, please visit www.nacha.org, www.electronicpayments.org, www.payitgreen.org, and
direct.nacha.org.
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 avoid efficiency losses and expenses associated with managing multiple
vendor relationships. For more information, visit www.aptyssolutions.com.
###