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Monday, January 3, 2011

WesPay, Northwest Clearing House merge

The Western Payments Alliance and the Northwest Clearing House Association plan to merge operations under the WesPay name, the boards of directors for both organizations disclosed. WesPay comprises 900 member financial institutions and 100 associate members in California, Hawaii, Idaho, Nevada, Oregon, Utah and the Pacific territories. NWCHA represents 190 members in Alaska and Washington.

By combining, the organizations will be better able to respond to the dynamic marketplace while maintaining continuity of service for members, the associations stated.

The merger will enable the combined WesPay to expand services to its members, including assistance with remote deposit capture (RDC). The organization will maintain offices in both San Francisco and Seattle, with the continued expertise of the full staff. Both organizations are members of NACHA – The Electronic Payments Association. end of article

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