ACH Direct Announces Record Q1 Growth.ALLEN, Texas Allen is a city in Collin County and a northern suburb of Dallas, Texas (USA). As of the 2000 census, the city had a total population of 43,554. As of April 2007, the city's population is estimated at 77,465. -- ACH Direct, Inc., a leading technology provider of Automated Clearing House See ACH. (ACH), credit card and debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. transaction processing and risk management services, today announced across-the-board record growth for First Quarter 2006, versus the same period in 2005. "Based on our transaction volumes last year, we anticipated greater demand for our payment processing services this year. Our first quarter performance exceeded those expectations. Most notably, our risk management services spiked with a 68% increase. We're pleased that our customers recognize the benefits of employing risk management tools to help mitigate losses," said Jeff Thorness, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ACH Direct. "We enjoyed a 41% increase in ACH volume, a traditional area of strength, as well as a 32% increase in credit card transactions processed. This phenomenal growth illustrates that more merchants are taking advantage of the convenience of a payment processor that offers a complete spectrum of services, making multiple processor relationships unnecessary," explained Thorness. About ACH Direct ACH Direct is one of the fastest growing privately held electronic funds transfer See EFT. (application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. processors in the United States, with over $5 billion in transactions processed in 2005. ACH Direct's customers benefit from a comprehensive suite of payments products and services, including ACH origination, check verification, identity verification, credit card and debit card processing. Dedicated to providing superior customer service and industry-leading technology, ACH Direct provides tools to help organizations of all sizes reduce transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). , mitigate risk and increase efficiencies. Visit www.achdirect.com. |
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