ACH & RCC Payments

ACH. Electronic Check. ECheck

The ACH Network or Automated Clearing House is the Division of the Federal Reserve where Electronic Check payments are cleared. According to NACHA, the Electronic Payments Association behind the ACH network, over 25 billion ACH payments were made in 2016.  

  • Stop waiting for the proverbial “check in the mail”
  • Secure payment now with the convenience of Credit Cards at a fraction of the cost.
  • Reduce trips to the bank, saving time and money with eCheck payment processing. 
  • 3 opportunities to secure the funds! If an item bounces (returns as NSF) the transaction can be resubmitted up to two additional times. ACH transactions take precedence over and clear faster than traditional checks. (Click here to learn about Check Conversion) (link)

Our systems are designed to meet or exceed security and compliance for one of the most highly regulated industries, Accounts Receivable Management. Therefore, you can feel confident that you are secure and compliant because of our experience in serving over 600+ Collection Agencies and Creditors Rights Attorneys.

Ask us how combining ACH and RCC services will maximize your processing experience while simplifying overall compliance concerns.

Do you have multiple depository, trust, or bank requirements? Not a problem! We have solutions to ensure funds are routed easily and deposited accordingly.

Robust Reporting allows for easy payment posting, with options to import data into your management or accounting software of choice.  

An integration with your current management software may already be established, as we are integrated and partnered with a large number of leading software providers in the industry today.  

How You Benefit

  • Funds deposited directly into your designated bank account.  
  • Obtain payment information at time of service or contract, while your customer is in your office or over the phone. Easily run the payment now or bill them later with both one-time and recurring payments.
  • All of our Systems and Solutions are designed to streamline your processes, reducing cost and overall time to receive funds.
  • Maintain custom information securely for ongoing billing needs.
  • For clients needing a payment plan, our system handles this automatically for you, providing your client with a receipt with each payment.
  • Invoice your customer directly from our system with immediate email delivery. This provides them the ability to review and pay immediately and electronically, and they receive a payment receipt instantaneously.  

We have options to meet every need. See check services for more information. 

RCC 
Remotely Created Checks (Demand Drafts)

It’s a check without the consumer’s signature.

Concerned with ACH Return limits and NACHA reduced return thresholds?

Do high return rates have your ability to accept ACH payment in jeopardy?

Would you like to reduce time and expense, and essentially eliminate charge-backs at the same time?

Let IES alleviate the hassle and time involved, and keep your attention on growing your business!

Printing Checks in-house requires:

  • Ordering check stock
  • Printing with MICR Ink
  • Filling out deposit slips
  • Trips to the bank

At IES, we’ve got you covered! RCC provides a valuable alternative to ACH and is not subject to Reg E or ACH return rate thresholds. Our Solutions allow you to process transactions with the in-house simplicity of traditional ACH.

Initiate the payment directly from one of our systems including virtual terminal options for batch upload, or from within one of our many integrated or partnering management software.

Simply submit the payment and we take care of the rest.  Our solution generates the check draft for you, processes the payment, and deposits funds directly into your designated bank account.

Unlike Credit Cards or ACH, the drafts are very difficult and almost impossible to be reversed by the payer. In addition, filing a dispute frequently requires a notarized signature. This is the only way one bank can dispute a paper item with another bank.

Clear rates are similar to ACH and can improve your historical recovery experience with diligent network optimization.

For more information on ACH click here

Be Aware! Not all programs are alike

 

With IES solutions the check is printed with magnetic ink and cleared as an IRD through the Federal Reserve Banks or other check clearing networks. Some providers shorten the process, never creating the physical check but only creating an image, or forgoing the image altogether. In that instance, the transaction is cleared through the ACH Network , which then leaves you subject to REG E and other ACH Regulations.

Our systems are designed to meet or exceed security and compliance for one of the most highly regulated industries, Accounts Receivable Management. Therefore, you can feel confident that you are secure and compliant because of our experience in serving over 600 Collection Agencies and Creditors Rights Attorneys.

Do you have multiple depository, trust or bank requirements? Not a problem! We have solutions to ensure funds are routed easily and deposited accordingly.

Robust Reporting allows for easy payment posting, with options to import data into your management or accounting software of choice.   

Because we are integrated and partnered with a large number of leading software providers in the industry today, we may already have an integration with your current management software.

Get started.

It’s easier than you think!

Merchant Account Programs designed to help any size business succeed in today’s marketplace. Call 855-888-EPAY or fill out the form below.




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