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wespay

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Western Payments Alliance Case Study
Western Payments Alliance WesPay is a private clearinghouse established in 1876 that enables member financial institutions to clear each other's checks cheaper than with the Federal Reserve. WesPay accesses EDS systems via the Internet to get reports for settlement between member financial institutions. There is no need for special equipment...
Tags: Payment, NetDeposit Inc., Electronic Data Systems Corp., WesPay, Operational Accounting, Financial Services, Finance
Case studies

Additional Resources

Corporate Profile for Western Payments Alliance —WesPay—, dated April 12, 2002
Business Editors --BUSINESS WIRE The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. Published Date: ...
Tags: Business Wire, FINANCE, INTERNET, payment
Research articles 2002-04-12
The Technology Solution That Closed the Distance on Check-Clearing: Western Payments Alliance Finds a Better Way to Bring Its Members Together
To improve upon a 20-year-old process for exchanging checks, Western Payments Alliance WesPay looked to technology. They cut costs and improved security for today - and built a path for future growth. The major challenges were to save time and money on manual check-exchange procedures, eliminate geographical barriers between member...
Tags: Payment, NetDeposit Inc., Electronic Data Systems Corp., Transportation
Case studies
Worth Noting
Grommesh Is Recognized SAN FRANCISCO-Mike Grommesh, SVP with The Golden 1 CU in Sacramento, Calif., is one of two people being recognized by the Western Payments Alliance Wespay for his lifetime contributions to the payments industry. Also recognized was Frank Donato, SVP with City National Bank in L.A. Grommesh,...
Tags: City National Bank
Research articles 2003-10-13
Four Bay Area Utilities Say, "No More Checks!"
SAN FRANCISCO--BUSINESS WIRE--April 30, 1997--During the next 90 days, Pacific Bell, Pacific Gas and Electric Co., East Bay Municipal Utility District and Great Oaks Water Co. will be cooperating on a campaign to introduce their customers to the world of Direct Payment, instead of check payment. The...
Tags: Electric Co., Pac Bell
Research articles 1997-04-30
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