EPN Offers SWIFTNet Connection
The Electronic Payments Network (EPN) is offering financial institutions the option of connecting to its ACH network via SWIFTNet. According to EPN, its customers are evaluating the use of their existing SWIFTNet connection as a primary or contingency connection for transmitting and receiving ACH transactions. ‘The SWIFTNet alternative provides a cost-effective means of transmitting files to and from EPN,’ said the Network. ‘By leveraging their investment, new customers with large volume will be able to connect to EPN without the expense of adding a private line.’
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