Article: PNC Using ACH Archive to Aide Searches, Fraud Detection.(Technology)(PNC Financial Services Group Inc.)(automated clearing house payments)

Byline: Steve Bills

PNC Financial Services Group Inc. has outsourced the archiving of its automated clearing house payments, a move that makes it easier to search for specific transactions and, potentially, spot fraud.

Steve Stone, a senior vice president in treasury management operations at PNC, said the Pittsburgh banking company has been building the database since February, using an archive hosted by eGistics Inc. of Dallas.

Robert E. Lund, eGistics' chairman and chief executive, said the archive already stores lockbox information from several major transaction processors but that PNC is the first big banking company to shift its payments ...

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