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KeyBank (www.keybank.com) will now enable paper checks received at its lockbox or its clients' receivable locations to be converted into ACH transactions. KeyBank's introduction of the PEP+ reach software from Checkfree (www.checkfree.com) to its existing PEP+ ACH environment will benefit its base of large corporate billers who use the ARC transaction type. Key has a longstanding ACH relationship with Checkfree.
The software enables...