1st Century Bank has selected Goldleaf Financial Solutions’ Automated Clearing House (ACH) solution. Goldleaf has said that its ACH solution includes comprehensive training that covers daily operations, risk management, security, digital compliance, and marketing.
1st Century Bank executives estimate that all of its 700 clients that have a high ACH volume, will elect to use the Goldleaf solution. The bank has already migrated some of its repetitive payments to the ACH Solution to make daily operations more efficient.
Steve Goodrich, senior vice president, head of banking at 1st Century Bank, said: “We are at a very opportune time for community banks; small is viewed as being safe, and those of us with strong capital and solid equity are in the position to win highly-coveted accounts. Goldleaf’s ACH Solution offers us a very sophisticated system that appeals to money center bank clients. We selected the solution for its advanced reporting capabilities and robust features that would attract new clients. It has made our processes much more efficient as well.”
Lynn Boggs, CEO of Goldleaf, said: “Goldleaf’s ACH Solution is a way for 1st Century Bank to be proactive in strengthening existing relationships while continuing to build new ones. Our solutions excel in financial institutions of all sizes. In the case of 1st Century Bank, its clients will be able to easily transition from [banking with] tier one institutions while still realizing all of the same technology benefits. What is more, the bank has been able to substantially enhance its internal efficiencies in the process.”
Goldleaf Financial Solutions offers a suite of integrated technology and payment processing solutions to global financial institutions of all sizes.
Los Angeles-based 1st Century Bank provides services to family-owned and closely held businesses, and their owners, real estate investors and professionals, professional service firms, entertainment professionals and related service firms and entrepreneurs.
