LendingTools.com announced today at NACHA Payments 2007 the availability of ExtraNet FP ACH Risk Management. The new product is delivered as an integrated module of the company's successful ExtraNet Financial Portal in use by more than 2,000 community financial institutions for internal and corporate cash management services.ACH transactions and dollar volumes continue to grow at double-digit rates. The ACH Risk Management module provides a comprehensive, integrated platform to monitor the growing and increasingly complex business of ACH origination. With the new OCC guidelines for monitoring ACH risk, it is more important than ever for community financial institutions, as well as their correspondent institutions, to implement tools that help monitor the risks associated with ACH activities. LendingTools.com's ExtraNet FP ACH Risk Management solution will help community financial institutions comply with ACH risk management guidelines with one simple, integrated platform.
"Designed specifically for community financial institutions, ExtraNet FP ACH Risk Management is a new component of our transactional portal platform offering," explained Eric Goering, president and CEO of LendingTools.com. "With our ACH Risk Management system, community financial institutions will have more visibility and control over their ACH origination activities than ever before. With improved risk management, they will be able to increase their fee income by pursuing new ACH origination customers."