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New England Bank Signs with ACH Federal for Online Payments

Startup to provide online bill pay and direct deposit services.

New England Bank, an independent community bank serving Connecticut, has selected ACH Federal to provide Automated Clearing House services to its customers via a web service. ACH Federal will begin processing with New England Bank on April 1, 2010.

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New England Bank customers will be able to conduct their personal and business transactions such as payroll, recurring payments and direct deposit through New England Bank's Web site, which will be powered by ACH Federal.

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"With increasing numbers of customers requesting online payment processing, we looked for a vendor that could provide a combination of stellar security, reliability and customer service," said James O'Donnell, vice president, commercial deposit services at New England Bank, in a statement.

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With a terminal that connects directly to the Federal Reserve, ACH Federal provides online payment processing for financial institutions via a Web-based platform. In addition to providing risk management and compliance programs, ACH Federal's platform uses dual-file approval systems, multi-factor authentication and data encryption technology for all transactions.

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