Post on 07-Feb-2016
description
transcript
Copyright © 2005 EFT Network, Inc. All Rights Reserved.
Automated Recurring Payments
Flexible Payment Solution
Billing Made Simple
EFT Network’s easy-to-use Automated Recurring Payments replaces the traditional method of billing and collection by offering your customers flexible payment options to pay a debt, utilizing regularly scheduled recurring payments, which are debited from their checking or savings account.
Reduce past due accounts and the time and costs to print and mail invoices
Electronically receive and deposit payments
Eliminate the expense of lost revenue due to delinquent accounts
1
Key Features
Complimentary use of our software without the need to purchase additional equipment
24/7 access to your account via our secure website
Seamlessly upload detailed paid data file to your accounts receivable system
User – friendly interface, requiring only internet access
Returned transactions easily re-submitted for payment
Schedule payments one time, weekly, monthly, quarterly, bi-annual, or annual
2
Technology Behind Automated Recurring Payments
SSL Secure Encryption
Virus Protection
Pentium, State-of-the-Art, Technology
Secure Data Storage
Firewalls
User Friendly Interface
Network Infrastructure
4
4 Easy Steps
7
Payment schedule is set up in theAutomated Payment System via EFT Network’s web based software
1.1.
2.2. Payments are debited on a one-time,weekly, bi-weekly, monthly, bi-monthly,annual, or bi-annual schedule
6
EFT Network electronically debits funds
from the consumer’s account as per the
payment schedule and funds are transmitted
into the Merchant account after funds have
cleared.
Consumers Bank Merchants Bank
3.3.
4 Easy Steps
Upload files into your in-house accountsreceivable system.
4.4.
EFT Network Software
Web Browser
8
Go to your browser and access the
web-site.
Log onto www.redeposit.com
Select Customer Login on the left navigation
Customer Login
9
Enter your customer information all
in uppercase letters.- File Code- User Name- Password
Select OK
Welcome Page
10
Here you can access:
- Transaction cut-off times- Notification of results status- Customer Survey & Daily
Messages
Select Automated Payments on the left hand screen to get started
The Main Menu supplies you with all options available in our Automated Payment System
Select the Data Entry option, this will enable you to enter in customer information and set up payment schedules
Main Menu
11
Customer Information
Payment Schedule
Data Entry Screen
12
Customer Information
File Code
Customer # / Name
Address
City, State, Zip Code
Phone Number
Extra Acct Info
Bank Routing #
13
Payment Schedule
One-time or multiple one-time transactions
Weekly or alternating weekly transactions
Monthly- once or twice a month
Quarterly
Bi-Annual
Annual
14
Confirmation One-time or multiple one-time
transactions
Weekly or alternating weekly transactions
Monthly- once or twice a month
Bi-Annual and
Annual transactions
Create Batches Types of transactions
Choose start/end dates
Confirm & Create Batches
15
Results View a listing of all your
files ‘pending’ Includes.. File Date,
Name and Time
Batches Click on the file name to
view the items in your batch file
Results
16
Benefits for, YOU
Electronic presentments are cleared before paper checks for faster payment processing
Access your files anywhere, anytime, anyplace
Reduce Bank transaction return fees
Receive faster advice on NSF returns in 3-5 days, versus 7, 10, or 14 days in paper form
Ability to resubmit returned NSF items immediately and return fees can be collected with proper authorization
17
Automated Recurring Payments, flexible payment options provide:
24/7 access to your account via our secure website
Upload detailed paid data file to your accounts receivable system
User – friendly interface, requiring only internet access
Schedule payments one time, weekly, monthly, quarterly, bi-annual, or annual
Access to your files anytime, anywhere, anyplace
Reduce Bank transaction return fees
Conclusion
18
EFT Network, Inc. is Committed to Providing
Superior, Affordable,
ACH and Check Processing Solutions
19
20
EFT Network, Inc.245 Saw Mill River RoadHawthorne, NY 10532
Tel: 914.747.3222Fax 914.747.7218
www.redeposit.com
Contact:Alex Bacon, Vice President of Sales & Marketing
E-mail: sales@redeposit.com
Getting Started