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Pariter Solutions

Welcome to the News View for "Pariter Solutions".

Here, on these archive pages, you'll find all of the articles on Payments News for Pariter Solutions listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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June 07, 2011

Wells Fargo and Bank of American Pull the Plug on Pariter

Pariter logo 140pxDigital Transactions is reporting that Pariter Solutions is being shut down.

Three years after introducing a joint venture aimed at processing ACH transactions between the two banks, Wells Fargo & Co. and Bank of America Corp. have abandoned the operation, which they called Pariter. “It will shut down over the next few weeks,” a Wells spokesperson tells Digital Transactions News. “It will take a few weeks to figure out what the specific impacts are.”

The original announcement trumpeting the launch of joint venture is still available.

August 06, 2008

An Interview with Pariter Solutions CEO Stephanie Sturgis-Griffin

Glenbrook’s Carol Coye Benson recently interviewed Stephanie Sturgis-Griffin, the newly named CEO of Pariter Solutions, the Wells Fargo and Bank of America joint venture for ACH processing announced in May. According to the announcement press release, Pariter will be “the country’s largest processor of ACH payments." READ MORE »

May 15, 2008

Bank of America, Wells Fargo Form Payment Processing Joint Venture

Wells Fargo and Bank of America have announced the formation of a joint venture to operate a single, combined automated clearinghouse (ACH) platform for both companies and their clients. The new entity, called Pariter Solutions LLC, will be the country's largest processor of ACH payments. READ MORE »

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