EFT IS THE FASTEST WAY TO COLLECT 
PAYMENTS ON TIME!!

DOWNLOAD THE EFT DEMO!

Electronic Funds Transfer is the basic movement of money from one account to another.  The EFT Network specializes in working with small and large businesses with transactions from several thousand per month to several hundred thousand per month.   

The EFT Network works side by side with our customers to develop custom solutions to their payment collection problems and to formulate a software integration platform with them for seamless payment collection and transfer.
 

• DEBIT EFT - The merchant debits a customer account to pay for a recurring or non recurring bill payment
• CREDIT EFT - The merchant credits a customer account for goods or services.

• ON TIME PAYMENT  - no waiting to get paid or to disburse funds. Payment occurs exactly on the due date.
• NO LATE PAYMENTS - right on time.
• NSF CONTROL - These are immediately discovered and can be corrected quickly
• LESS PAPERWORK - No opening of envelopes, running to the bank, etc. - the funds are deposited directly into your account.
• IMPROVES CASH FLOW - no more check is in the mail excuses - it's in your account.
• EFT IS SAFE - Payments can only be made on specified dates and for specified amounts and are electronically tracked.
• EFT IS CONVENIENT - Easier for both customer and merchant - like clockwork it is done every month right on time.



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HOW DOES EFT WORK?

• We provide you with our powerful proprietary software to transmit the information to our processing center.
• Or you can simply provide us with an ASCII file with the required data - this can be picked up by modem, bulletin board, or through the internet.  We will work with you to customize the best solution for your needs.
• We process the data and send it through the ACH - the Automated Clearing House.
• In 1-2 days the funds are transferred into your bank account.
• NSF information appears 2-3 days later - we can automatically resubmit!
• Complete, detailed reporting is available on every transaction.

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