ACH risk and compliance software provider releases ACH FileFox
Standard
EL DORADO HILLS, Calif.--(Business Wire)--
Laru Corporation, a provider of ACH risk and compliance management
software applications for financial institutions, announced the
release of its new ACH FileFox Standard(TM) product. The product
enables businesses to originate federally compliant ACH files and
verify all business rules, data formats and report issues prior to
submission.
"ACH FileFox Standard works with any existing ACH system, and any
business originating ACH transactions can realize the benefits," said
Ben Waidhofer, chief executive officer of Laru Corporation. "The
features of this product enable businesses to create and verify ACH
files for compliance with NACHA, ABA, IAT and OFAC compliance. Once
ACH File Fox Standard generates the ACH files for submission to the
bank, there is very low risk that the file will be rejected or have
issues requiring intervention from the bank."
ACH FileFox Standard integrates into enterprise accounting systems
and complements ACH Clarity(TM), Laru's ACH risk and compliance
management software used by financial institutions to monitor ACH
traffic. Using ACH FileFox Standard, a business can manage its ACH
files and ensure their submissions are compliant with NACHA standards
and regulations. By ensuring compliance prior to submitting ACH files
to a financial institution, businesses significantly reduce the risk
of errors downstream. ACH FileFox Standard contains the same core
features of ACH FileFox Professional, Laru's product for financial
institutions that assists operations staff and auditors in researching
ACH file contents and resolving ACH transaction issues.
Laru's line of products includes ACH Clarity, ACH FileFox
Professional and ACH FileFox Standard. ACH FileFox Standard is
engineered using Microsoft .Net standards and is a stand-alone Windows
application. ACH FileFox Standard can be ordered through Laru's Web
site and costs $295.
About Laru Corporation
Laru Corporation, headquartered in El Dorado Hills, Calif., is a
software provider of ACH risk and compliance applications. Financial
institutions, aggregators and corporations use the company's products
to identify, resolve and prevent ACH fraud and network violations.
Laru's flagship product, ACH Clarity(TM), monitors and manages the
risks of originating, receiving and processing ACH transactions, and
provides an independent ACH audit platform in accordance with OCC
Bulletin 2006-39. For more information call 888-527-8007 or visit the
company's Web site at www.larucorp.com.
For Laru Corporation
Cory Jones
678-781-7203
Copyright Business Wire 2008
