Published: November 16, 2010
CORRECTING and REPLACING Bridge Community Bank Benefits from NACHA's Deposited Check Truncation Pilot
ROCKWALL, Texas - (BUSINESS WIRE) - Second graph, third sentence of release should read: Fifty percent of
the items Bridge Community Bank handles every day are eligible for
truncation under the DCT Pilot. (sted Seventy percent of the items
Bridge Community Bank handles every day are eligible for truncation
under the DCT Pilot.).
The corrected release reads:
BRIDGE COMMUNITY BANK BENEFITS FROM NACHA'S DEPOSITED CHECK
TRUNCATION PILOT
Aptys
Solutions, a payments network provider for financial institutions
nationwide, and Mechanicsville, Iowa-based Bridge
Community Bank announced positive results from the NACHA-initiated
Deposited Check Truncation (DCT) Pilot, a program that facilitates the
truncation of low-value consumer checks between financial institutions.
The Federal Reserve recently announced that it is reducing electronic
image pricing 12-13 percent starting in 2011. According to Bob Steen,
chairman of Bridge Community Bank, although the reduction in pricing
provides minimal cost-savings for the bank, it still does not trump the
cost-savings that ACH provides. Fifty percent of the items Bridge
Community Bank handles every day are eligible for truncation under the
DCT Pilot. "Under current pricing, we are saving 90 percent on the
variable cost of each item we process with DCT," said Steen.
Bridge Community Bank has participated in the DCT Pilot since its launch
in August using Aptys Solutions' PayLOGICS system, the industry's only
common platform to support all aspects of payment
processing. Aptys Solutions assists financial institutions in
growing revenues and attracting new customers by offering an
independent, unified payment solution and presenting new products and
services.
"Through Aptys and NACHA, Bridge Community Bank is taking advantage of
the seamless process that DCT offers everyday," continued Steen. "We've
been converting checks to ACH since the middle of August and have not
had a single inquiry from a participating bank for a copy of an original
check."
"Financial institutions today are evaluating technology that enables
them to improve profitability and overall operational efficiency," said
Sean Pennock, president of Aptys Solutions. "NACHA's DCT Pilot has the
potential to deliver these benefits to financial institutions of all
sizes. Aptys' image exchange, ACH, and least cost routing technology
enable Bridge Community Bank to realize cost savings and a competitive
advantage as a benefit of the DCT Pilot. Our participation in the DCT
Pilot is just one way in which Aptys is working to bridge legacy and
emerging payments."
About Bridge Community Bank
Mechanicsville, Iowa-based Bridge Community Bank provides personal
checking, personal savings, business banking, online banking and loan
services to customers in Mechanicsville, Mount Vernon and Solon, Iowa.
For more information, visit www.bankatbridge.com.
About Aptys Solutions
Rockwall, Texas-based Aptys Solutions provides financial institutions
with a common infrastructure to support payments processing initiatives,
including image exchange, ACH processing, wire processing, payments
archive, Federal Reserve messages, least cost routing, in-network
exchange (INEX) payment processing and mobile payments, among others.
For additional information, visit www.aptyssolutions.com.

Aptys Solutions
Joy Petrilli, 678-781-7208
pr@aptyssolutions.com
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