ACH/EFT Recurring Debit Processing Add the bottom line convenience of recurring debit processing to your business income portfolio. The benefits of Infinity Data's Automatic Recurring Debit ACH/EFT program include the convenience of a recurring debit transaction without having to process paper checks, fast account reconciliation, and no need to make trips back and forth to the bank. Plus, you get the added benefit of complete up-to-the-minute account reporting.
The Bottom Line Convenience of ACH Check Processing ACH processing is perfect for any business that wants to accept check payments over the phone or set-up an Electronic Funds Transfer (EFT) recurring debit transaction. The benefits include the convenience of a completed transaction without having to process paper checks, reconcile accounts, or make trips back and forth to the bank. Plus Non-Sufficient Funds (NSF) items are automatically resubmitted two additional times for deposit.
How the Telephone ACH system works You simply record the customers checking account information and the amount using our secure Virtual Terminal, right from your desktop. You can also establish a recurring debit arrangement where your customer deposits funds directly into your account at the same time each month. Multiple individuals may run transactions within your company from their own desktops, view transaction histories and print customizable reports.
Reduced Bank Fees For Paper Check Handling Costs Besides the operational benefits of not having to handle paper checks, you’ll also increase your income by reducing your bank charges and fees.
Streamline Your Check Processing Operations You’ll never have to photocopy or look for another lost check. Hand written deposit slips are eliminated as is the problem of storing checks.