achbusiness.com

ACH Origination     ach pricing

The basic ACH package includes:

achbusiness.com offers several ach origination options.  The following is a list of some of the applications available:

Add-On Services     pricing

achbusiness.com also offers a variety of add-on solutions. The following is a list of some of the optional components supported by the system:

ACH Risk Management

To give you the tools you need to manage your ACH risk, we have developed an automated and integrated ACH risk managment sub-system which is available starting with release 3.0. This functionality automatically captures historical records of customer ACH activity including returns and originated items. This data is then examined during server processing and compared with the current activity, looking for deviations from "norms". Deviation percentages are configurable by customer for originated items as well as return items. A master switch controls whether or not any flagged deviations cause processing to be aborted. A Risk Management report can be produced on either the client or processor system showing return item rates and originated item rates by SEC code. The ACH Risk Management server-side processing report also provides daily limit checking by customer. In addition, the system can monitor ACH activity for unauthorized debits. These tools give the processor the ability to detect abnormal customer activity at a glance and comply with NACHA audit requirements.

Import raw data  

achbusiness.com provides support for importing raw data (CSV, fixed fields, Excel, Quickbooks, etc.) into the system to create account databases and/or funds transfer instructions. Saves valuable time when data is available from external systems (ie. payroll, accounts receivables, etc.). Avoids re-keying of data and the risk of errors in re-keying the data.

Integrated MICR Capture and Check Imaging   details | pricing

achbusiness.com provides software and hardware support for scanning the MICR line on checks/sharedrafts facilitating conversion to ACH transactions. Accounts Receivable (ARC), Point of Purchase (POP) and Represented Checks (RCK) applications are all supported (BOC coming soon). We have selected the MagTek MICRImage device which connects directly to a USB port on your PC. Gone are the days of running to the bank with your check deposits daily...get on board with state of the art Online Deposits via ACH!

OFAC SDN Compliance    U.S. Treasury OFAC information | pricing

With the increasing awareness of Homeland Security, OFAC compliance has become a major concern and headache for financial institutions and achbusiness.com has the cure.  With our integrated OFAC search capability, financial institutions now have the ability to scan incoming Wire or ACH files before sending them on to be processed.  This feature uses a highly sophisticated search algorithm to find matches in the OFAC SDN list found on the US Treasury's website.

achbusiness.com will monitor all changes made to the list and update the system accordingly.  A log file of all scanning activity is also kept for you to download for your audit trail.

Payroll Prefunding

achbusiness.com now has the ability to do Payroll Prefunding! This feature helps guarantee the money for payroll is present on the effective date. Payroll Prefunding allows ACH payroll files to be automatically credited to a specified prefunding account 1-9 days earlier than the customer-specified effective date. The employee deposits will then be debited from this payroll prefunding account.