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ACH Direct

ACH Directo

Fast, secure and convenient electronic transfer system.

ACH Directo is a modern automated service that links financial institutions, companies, and persons to expedite their payments and collections.

ACH Directo is a revolutionary Electronics Funds Transfers system that offers accuracy, security, convenience and speed to all its direct and indir

Some of the services available
  • Payroll payments.
  • Funds transfers.
  • Payments of dividends.
  • Collections of insurance premiums.
  • Credit card payments.
  • Payments to suppliers.
  • Funds concentration.
  • Collections between companies.
  • Payments of mortgages, among other.
ADDITIONAL INFORMATION FROM ACH DIRECTO
Benefits of the plataform
Benefits for the Companies
Operating costs in handling payments are reduced by eliminating the process of creation and storage of checks. Similarly, automation of payments reduces delinquency and possible late payments fees, by expediting the conciliation process.
Benefits for Financial Institutions
Reduction of costs through electronic processing of information and elimination of manual intervention of operators. Additionally, Financial Institutions, through this service, will have the capacity to offer high quality services to both consumer and corporate customers, which allow them to expand their opportunities to make business.
ACH Directo – How does it work?

The ACH DIRECTO network works as follows:

  • All transactions are initiated from an originator company and affect the account of a receiver.
  • These transactions are grouped in one file, which is transmitted to the originator bank.
  • To create and transmit these transactions, the originator company must follow the procedures indicated by its originator bank.
  • The bank, in turn, receives the transactions files from its originator companies and performs a distribution process where two files are created.
  • The first file contains “On Us” transactions, which accounts are destined to itself as originator bank, and the second file contains the “Not On Us” transactions, which accounts are directed towards the receiving bank, which is sent to the ACH DIRECTO network operator. The network operator receives the transactions files from all the originator banks and distributes the received transactions to their corresponding receiver bank; additionally, it creates the funds exchange among banks all the participating banks file.
  • The receiver bank obtains the transactions that were sent to it from the originating banks from the network operator and proceeds to authorize or reject the transactions received. In case of rejected transactions, the same will be sent again to the network and then to the originator bank. All the transactions sent within the established schedule, will be available for the receivers not later than on the next banking business day.
Flow of a ACH Directo transaction
ACH HUB

ACH Hub offers outsourcing to process transactions through the ACH Directo Network.

This service, based in the use of Internet, may be used by both the originator companies and the Financial Institutions to send and receive ACH transactions, allowing for the modernization and improvement of the service at the lowest investment cost.

ACH HUB Services

We have divided rendering the service to financial institution into two options:

  • Outsourcing of transactions processing for originator customers.
  • Outsourcing the reception service and transactions processing for the originator customers on the part of the Bank.

Benefits

Enables the Financial Institution to reduce operating costs and integrate the ACH service to other services it currently offers, such as Internet Banking service, and at the same time create economies of scale.

ACH Hub members:

  • Banco Nacional de Panamá
  • Balboa Bank
  • Scotiabank
  • Capital Bank
  • Multibank
  • Banesco
  • Metrobank
  • BICSA
  • MMG Bank
ACH INTERNACIONAL

It is the new project through which TELERED seeks to promote in the local bank a new mechanism for the international transfers of funds electronically using as infrastructures and experience the ACH Direct network of Panama, complying with rules against the prevention of money laundering .

ACH HUB Services

This service, based in the use of Internet, may be used by both the originator companies and the Financial Institutions to send and receive ACH transactions, allowing for the modernization and improvement of the service at the lowest investment cost.

  • Outsourcing of transactions processing for originator customers.
  • Outsourcing the reception service and transactions processing for the originator customers on the part of the Bank.
Network members
  • BANCO NACIONAL DE PANAMÁ
  • BANISTMO
  • METROBANK
  • BANCO ALIADO
  • BANCO GENERAL
  • CREDICORPBANK
  • MMG BANK
  • COOPERATIVA DEL EDUCADOR COCLESANO, R.L. (COEDUCO)
  • COOPERATIVA DEL EDUCADOR CHIRICANO, R.L. (CACECHI)
  • COOPERATIVA DEL EDUCADOR SANTEÑO, R.L. (COOESAN)
  • COOPERATIVA DE AHORRO Y CRÉDITO EL EDUCADOR, R.L.(COOPEDUC)
  • COOPERATIVA DEL EDUCADOR VERAGÜENSE, R.L. (COOPEVE)
  • COOPERATIVA PROFESIONALES, R.L.GLOBAL BANK
  • BANCO DELTA
  • ST. GEORGES BANK
  • DAVIVIENDA
  • MULTIBANK
  • BAC CREDOMATIC
  • TOWERBANK
  • BICSA
  • BANCO LAFISE
  • BANESCO
  • BANVIVIENDA
  • CAJA DE AHORROS
  • BANCO PANAMA
  • MERCANTIL BANK
  • SCOTIABANK TRANSFORMANDOSE
  • BCT BANK
  • BANCO AZTECA
  • CAPITAL BANK
  • PRIVAL BANK
  • UNIBANK
  • ALLBANK
  • BANISI
  • BIBANK PANAMA
  • BANCO FICOHSA
  • BANCOLOMBIA
  • FPB BANK
  • CANAL BANK
  • BBP BANK
  • CITIBANK
  • SCOTIABANK