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ARC
REMOTE DEPOSIT
ACH
PROCESSING (EFT
)
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ACH PROCESSING -
EFT
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AUTOMATIC
ELECTRONIC PAYMENTS:
Electronic
Funds Transfer is the basic funds transfer process around
which all other transfer services revolve. EFT is the
transferring of funds from one bank savings or checking
account to another account.
Our EFT transactions are processed through a major
third party processor and all
EFT transactions are sent through the Automated
Clearing House (ACH) which is the electronic network to
which 95% of the nation's banks belong to - including the
Federal Reserve.
For example - A health club or an insurance company debits
their clients each month for the monthly payment – they
upload a transaction file to our processing center and we
process each transaction through the banking system – we
debit the customer and deposit the cleared funds into the
business account.
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COLLECT
YOUR PAYMENTS ON TIME:
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EFT there is no more waiting for the payment – you
submit the transaction files and your customer’s bank
accounts are debited exactly on time.
And you receive complete and detailed reporting on
each and every transaction. |
ONE
TIME OR RECURRING:
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system is designed to enable a business to collect their
payments from their office – you can collect one time
payments, recurring payments, weekly, monthly – you name
it. |
TELEPHONE
AUTHORIZATIONS:
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clients love to use our telephone payment system.
Just take your customer’s payment information
over the phone and submit a debit through our web based
system – the funds are take out of the customer’s
account the next morning |
ALL
THE BENEFITS OF EFT:
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