EFT
JC eFunds Solutions
Save money and time with ACH Services provided by JC eFunds Solutions!
JC eFunds Solutions, a division of JC Data Solutions, provides 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, and 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.
JCDS adheres to the rules of NACHA (National Automated Clearing House Association) and MPX (Mid-America Payment Exchange).
EFT is safe, secure, efficient, and much less expensive that paper check payment
It is estimated that more than 135 million people use
Direct Deposit to receive a 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 such as; 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. ACH file layout
- 6. Sample file testing
- 7. Automated email notifications
- 8. Pre-note rejection testing
- 9. Credit and debit management
- 10. File reversals management
- 11. Maintenance and followup
What are the benefits?
- EFT credits are good when received
- EFT credits can be reoccurring each payment period
- EFT credits are received one 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
