Synovus Financial Corp. Joins NACHA

"As consumers and business use more electronic payments, membership in NACHA is important for Synovus to be able to contribute to the development of the payment system," said Kenneth Richey, Enterprise Deposit Officer of Synovus. "We look forward to working with our fellow NACHA members on strategic improvements to the ACH Network and new payment applications."

"ACH products continue to be adopted in the marketplace, so membership in NACHA becomes more important for banks that want to be leaders in the payments business," said Elliott C. McEntee, President and Chief Executive Officer of NACHA. "On behalf of all the members, we welcome Synovus to NACHA."

NACHA now has 41 direct members, consisting of 23 financial institutions and 18 regional payment associations. The other financial institution members are ABN-AMRO, American Express Centurion Bank, Bank of America, BB&T, Capital One, Citigroup, Citizens Bank, Commerce Bank, Discover Bank, Fort Knox National Bank, Harris, N.A. (BMO Capital Markets), JPMorgan Chase, KeyBank, Mellon, National City, PNC Bank, TCF National Bank, US Bank, Wachovia, Washington Mutual Bank, Wells Fargo, and Zions Bancorporation.