ACH/EFT Processing

ACH is secure, fast, efficient and automated to allow payments to continue without your involvement. It is about transferring funds seamlessly from your customers account to the Merchants and vice-versa.

What is ACH?

Automated Clearing House (ACH) is an electronic network for financial transactions in the United States. ACH processes large volumes of both credit and debit transactions, which are originated in batches. Rules and regulations governing the ACH network are established by NACHA-The Electronic Payments Association (formerly the National Automated Clearing House Association) and the Federal Reserve (Fed). In 2002, this network processed an estimated 8.05 billion ACH transactions with a total value of $21.7 trillion.[1] (Credit card payments are handled by separate networks.)

International Payment Systems can make this a payment option for your business today. Remove the chance of your customer s checks being lost or stolen and decrease your overall processing costs. ACH has long since been proven the cost effective way to process checks. Paper checks are becoming obsolete and are a drain on the resources of any company including the banks that accept them.

What is EFT?

Electronic funds transfer or EFT refers to the computer-based systems used to perform financial transactions electronically.

The term is used for a number of different concepts:

• Cardholder-initiated transactions, where a cardholder makes use of a payment card
• Direct deposit payroll payments for a business to its employees, possibly via a payroll services company
• Direct debit payments from customer to business, where the transaction is initiated by the business with customer permission
• Electronic bill payment in online banking, which may be delivered by EFT or paper check
• Transactions involving stored value of electronic money, possibly in a private currency

Our Electronic Funds Transfer (EFT) service allows corporations from anywhere in the world to automatically accept or disburse payments in any currency. Thanks to our sophisticated platform, complicated financial activities have never been so simple. Our EFT service offers a wide range of money transfer options so our clients never have to worry about deadlines or waste precious time making payments. Automation is the key to saving time!

Features:

• Allows our clients to make quick money transfers worldwide, at a minimal cost.

• Our sophisticated Web-based interface allows us to efficiently process large volumes of transactions at one time and provide tracking and reconciliation reports in real-time.

• Our EFT platform allows our clients to manage multiple currency accounts, process immediate or post-dated transactions, and automatically activate recurring transactions.

Rely on us to issue your refunds, rebates, prizes and other types of payments to customers and employees worldwide.