Texas Capital Bank has begun using automated clearing house processing services from Fiserv Inc., the companies announced today.

Texas Capital Bank has implemented Fiserv's PEP+ ACH processing services, an online system for originating and receiving ACH transfers. The Dallas-based bank says it has also used the vendor's Signature bank platform since its inception.

"The PEP+ outsourcing model works perfectly for us — it's cost effective, an industry standard in ACH technology and Fiserv is committed to keeping up with all the regulatory changes required in the ACH arena. It's an ideal fit for Texas Capital Bank," said Ken Self, senior vice president and manager of deposit operations for Texas Capital Bank, in a press release. "We believe that Fiserv will help us improve our growth by continuing to develop enhanced commercial banking solutions, and that is why we continue to see them as a partner moving forward."

With Fiserv's technology, the bank plans to extend its deposit cut-off time to 8:30 p.m., two hours later than its earlier cutoff. Fiserv handles compliance, risk and day-to-day ACH processing for the bank.

"ACH Processing Services from Fiserv allows mid-market institutions to have all the functionality, risk mitigation and reporting that you get with PEP+, but without the cost and staff time associated with acquiring, operating and maintaining the required systems," said Pat Korb, senior vice president of Global Payments Solutions for Fiserv, in the release.

Subscribe Now

Authoritative analysis and perspective for every segment of the payments industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry