This month's spotlight is AFTECH.
AFTECH, Riverfront Credit Union’s Software Provider
Have you ever wondered how your credit union actually works? Why you can
get money out of your credit union account from a machine in San Francisco
or London? How your employer can put money into your account without you
ever seeing a pay envelope?
Behind it all is a network of computers and communications equipment that
allows what happens in San Francisco or London or your company’s
accounting office to get back to Riverfront Federal Credit Union and be
posted to your account almost immediately.
At the heart of all of this is a computer system inside
your credit union, using software and services from a company called
AFTECH. A Pennsylvania company located in a suburb of Philadelphia, AFTECH
supplies the software that handles your account. This software does the
addition and subtraction to keep your account balance accurate, and also
posts the records so you can get a statement of your transactions in the
mail or over the Internet.
But the AFTECH software does much more than this. Thanks to its interfaces
with other companies’ software, AFTECH helps process your credit and debit
card transactions, helps clear your checks, and lets you use the telephone
or the Internet to do a lot of your credit union business.
AFTECH was founded 25 years ago by four men and a woman. After AFTECH
became one of the most successful credit union software and systems
providers in the United States, the founders sold the company to Fiserv.
Fiserv is the world’s largest provider of financial data processing,
supporting the credit union, banking, thrift, insurance, securities, and
health administration industries.
Today, AFTECH has become a leader in Internet financial services as well.
Its aftech@net software allows hundreds of
thousands of Americans to use the Internet for their financial services.
Its aftech@lobby Internet information
system sits in many financial institution lobbies across the nation,
enabling members and customers to do their banking without waiting in
AFTECH remains headquartered in Pennsylvania, and many of the original
employees still work there. In fact, many of them – like you – are members
of Riverfront Federal Credit Union. Think of them as the men and women
behind the software that lets Riverfront Federal Credit Union and you
manage your money!
375 Technology Drive
Malvern, PA 19355-1306