EFT transactions are more secure than checks. EFT transactions are 128-bit encrypted when transmitted by the Originator and cannot be changed by ACHPC or anyone else. They can't get lost in the mail. They are not handled by people like checks. The handling of checks is one of the greatest sources of bank account and RTN information for fraudulent purposes. Every EFT transaction is traceable.
Easy to setup, easy to use – Customers can import files of transactions from existing accounting systems and export reports to assist in managing transactions.
Easy to setup, easy to use
Customers can import files of transactions from existing accounting systems and export reports to assist in managing transactions.
- Import files
- Export reports
- Manually enter transactions
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Automatic collection of accounts receivable
- Provides funds-in-hand on settlement day rather than a delay of several days
- No deposit and posting preparation costs
- Provides greater customer satisfaction and less hassle over delinquencies
- Eliminates manual procedures for processing payments
- Eliminates return envelopes and postage
- Security
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Automatic payment of accounts payable
- Provides less hassle over delinquencies
- Eliminates manual procedures for processing payments
- Eliminates postage
- Security
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Payroll direct deposit
- EFT is less expensive than checks
- EFT requires less human resources that can then be used for more productive activities
- No deposit and posting preparation costs
- Provides greater customer satisfaction; less hassle over delinquencies
- Eliminates manual procedures for processing payrolls
- Security
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Taxes
- No deposit and posting preparation costs
- Provides less hassle over delinquencies
- Eliminates manual procedures for processing payments
- Security

