CoreStates Financial Corp. has developed a service that lets corporate customers make automated payments through automated clearing house debits.

Such transactions, in which third-party payees withdraw funds directly from corporate payers' bank accounts using the ACH network, have been unpopular with some corporations because of fears that accounts will be compromised.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.