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Banking Financial District

DCDB Group to offer enhanced services to P.R. banks

DCDB Group, a global financial services consultancy firm, and Elevation, the consulting arm of NACHA–The Electronic Payments Association, administrator of the U.S. ACH Network, have formed a strategic partnership to offer ACH payment solutions, compliance and educational seminars to banks and other financial institutions in Puerto Rico.

Elevation’s services help businesses and financial institutions increase adoption and use of ACH payments, streamline payments practices, improve data quality, and reduce costs with respect to payments processing, the company said in a statement released Wednesday.

“Elevation’s partnership with DCBD will facilitate increased access to the ACH Network by removing friction and increasing ease of use for banks and their corporate customers” said George Throckmorton, managing director of Elevation.

“We’re pleased to partner with DCDB to further expand access to the ACH Network by enabling financial institutions in Puerto Rico to easily create and transmit ACH files,” added Throckmorton.

The relationship delivers DCDB Group’s knowledge of global bank and non-bank financial institution solutions within the transactional banking, payment processing, clearing and correspondent banking along with expertise in compliance, training and certifications for ACH Services.

“We’re delighted to bring what we feel is an excellent offering to banks in Puerto Rico,” said Kyran Culhane, managing partner at DCDB Group.

“[Through] a strategic partnership with Elevation we will look to really show the value and power of the ACH Network to Puerto Rican institutions over the course of 2017,” he added.

Elevation is described as “the industry leader in consulting services that enable banks and businesses of all sizes to implement smart electronic payments strategies.”

With its roots in NACHA, the electronic payments association that administers the ACH Network and represents more than 11,000 financial institutions, Elevation has expertise in every aspect of electronic payments.

“And as an independent advisor, it has earned the trust of its clients to provide a range of consulting services that result in business efficiencies and cost savings,” the company said.

Meanwhile, DCDB Group was founded in 2011, when the opportunity to create a capital markets-focused consulting firm met with an ambitious and experienced team.

“Drawing on its management team’s wealth of experience and drive for success, DCDB Group established itself as a specialist consultancy firm serving clients all over the world,” as the company describes itself.

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This story was written by our staff based on a press release.

1 Comment

  1. Gene January 6, 2017

    This couldn’t come sooner. PR banks have very poor ACH treasury options


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