InterceptEFT® signs 5-Year ACH services agreement with Bremer Bank, extends processing hours for clientsST. PAUL, MINN. (April 4, 2006) - Bremer Bank has signed a new five-year agreement to provide Automatic Clearinghouse (ACH) services to InterceptEFT, allowing InterceptEFT to greatly expand processing times for its 19,000 clients.
Fargo, N.D. based InterceptEFT is a national leader in payment-processing services and software.
According to Bryan Smith, President and co-founder of InterceptEFT, the new agreement with Bremer will allow InterceptEFT to extend the processing time available to clients by four hours, from 6 p.m. Central currently, to 10 p.m. Central, by July, a move that will provide more options and flexibility for its clients.
"Since we partner exclusively with Bremer for ACH services, this relationship allows our clients seamless service, quality and consistency, plus enhanced processing times," says Smith.
"We are appreciative of our relationship with the Bremer organization and their commitment to service that matches ours," says Smith.
InterceptEFT processed more than 26 million ACH transactions through Bremer in 2005.
According to Stephanie Ihbe, Senior Vice President of Treasury Management and Payment Services Manager at Bremer, Intercept is a valued business client for Bremer. "We are pleased to extend our relationship into the future with our ACH processing services,".
About InterceptEFTSince its inception in 1993, InterceptEFT has been one of the fastest growing, technologically advanced, and widely recognized third party EFT service providers in the industry. InterceptEFT offers a wide-range of EFT solutions, including ACH Processing, Credit Card Processing, Check Conversion/Guarantee, ACH/Check Verification, Remote Deposit, and Image Processing. InterceptEFT gives companies the tools they need to streamline financial transactions so they can accomplishmore and stressless.
About Bremer Financial Corporation
Bremer Financial Corporation is a privately held, $6.6 billion regional financial services company jointly owned by its employees and the Otto Bremer Foundation. Founded in 1943 by Otto Bremer, the company is headquartered in Saint Paul, Minn., and provides a comprehensive range of banking, investment, trust and insurance services to over 100 locations in Minnesota, North Dakota and Wisconsin. Company profits are distributed in the form of charitable grants by the Otto Bremer Foundation to communities throughout the company's footprint.