ELECTRONIC FUNDS SERVICES (EFT)

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It is estimated that more than 135 million people use Direct Deposit to receive a payment.

EFT is safe, secure, efficient, and much less expensive than paper check payment.

Providing electronic fund transfer is easy when its a single transfer of funds involved but what if you want to send hundreds or thousands of payments.

Royalty Payments

Insurance Payments

Accounts Payable

Payroll

Refunds

Rebates

Investor Payments

Any Distributed Payments

 

That's where JC eFunds comes in; we provide the total solution.

1. Marketing and Processing to enroll Payees

2. Build an interface to your accounting system

3. Provide you with local reporting for control

4. Build an Information Database

5. Vendor File Layout

6. Sample File Testing

7. Pre-note Rejection Testing

8. Credit and Debit Management

9. File Reversals Management

10. Maintenance and Follow-up

11. Automated E-mail notifications

What are the benefits?

EFT Credits are good when received

EFT Credits can be reoccurring each payment period

EFT Credits are received on day and posted the next

EFT Credits can be distributed from several accounts

EFT Credits eliminate lost and stolen checks and stop payments

EFT Credits eliminate mail and or courier service

EFT provides much simpler bank account reconciliation

EFT provides direct cost savings

Funds are debited from the company account on a precisely known date

Funds are available on the day they are due

Save money and time with ACH provided by JC eFunds Solutions!

Software that integrates with your accounting system for file creation; we process the data to the Federal Reserve Bank and to the payee's bank, plus provide an email notification along with payment statement processing to the web; plus full reporting, check printing and dispatching to those payees who decline EFT Electronic Funds Transfers.

 
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