ACH Direct Announces Record Q1 Growth
ALLEN, TEXAS, April 17, 2006 - ACH Direct, Inc., a leading technology provider of Automated Clearing House (ACH), credit card and debit card 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 percent 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 of ACH Direct.
“We enjoyed a 41 percent increase in ACH volume, a traditional area of strength, as well as a 32 percent 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,” Thorness explained.
About ACH Direct
ACH Direct is one of the fastest-growing privately held electronic funds transfer processors in the United States, with $6 billion in transactions processed in 2006. 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, mitigate risk and increase efficiencies. Visit www.achdirect.com.