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Pariter Solutions – Bank of America and Wells Fargo join “together” in a bid to change the face of ACH processing

Wednesday, June 25, 2008 (RemoteDepositCapture.com / Ed McLaughlin)

On May 15, 2008, Bank of America and Wells Fargo announced their joint partnership in the processing of ACH transactions, PARITER SOLUTIONS. This announcement was a surprise in some ways, but in others it was not. According to NACHA, Bank of America and Wells Fargo are 2 of the top 3 banks for both originations and receives of ACH transactions.

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