ACH Interface

ACH Interface

This software module allows the interface of electronic drafts of customer bank accounts to accelerate cash flow.  An account with Advantage Payment Systems is required for this module. Advantage is a third party processor for ACH transactions. Use of this module eliminates double entry of check data and eliminates the possibility of errors.  The interface will communicate information regarding the electronic debit of customer’s checking account and any negative information received after an item has been submitted such as NSF or Account Closed status. The system will automatically update customer records.

The use of ACH is a tremendous tool in operating any payday loan operation. From initial deposit to collections activity, you will collect more bad debts, clear past due accounts and save on bank service charges. No payday lender should operate without it. For more information about Advantage Payment Systems visit their website or call 1-888-718-6767.

Additional Hardware required: Check Reader/Scanner

Additional Service required: Account with Advantage Payment Systems