ACH Processing Solutions

First Direct Financial ACH processing services are designed to provide a low cost option when it comes to payment facilitating. ACH (Automated Clearing House) is the electronic network in the United States set up to facilitate financial transactions.

All transactions that run through the ACH network conform to the rules established by NACHA (National Automated Clearing House Association) and the Federal Reserve. First Direct Financial is pleased to offer a number of options and configurations for ACH to meet the unique needs of existing and future clients.

As a merchant, you will find ACH is another great tool to have for electronic transfers of funds. First Direct Financial’s extensive knowledge of the ACH network makes it easy and inexpensive for merchants to debit customer accounts directly when needed.

See below for the many ways ACH payments may benefit you and your business.

IDD – IDIRECT DEPOSIT

First Direct Financial offering is designed to accept incoming ACH payments from government, state (where available) or payroll payments then disburse them in a number of different forms (Check, ACH or pre-paid card).

VIRTUAL TERMINAL ACH

This offering is designed to be merchant facing and can support both recurring and one time ACH.  Additional support is also available for Credit Card processing.

HOSTED PAYMENT PAGE

Online payment page with functionality designed for parties to pay via ACH.  This option can be incorporated into existing web sites for consistent look and feel or hosted separately, depending on clients specific needs.

FILE BASED ACH

For clients with larger volumes of transactions, file based ACH is the best option.  Support for multiple file formats is available as well as the capability to facilitate payment splits by leveraging the First Direct Financial Sub-accounting platform

BACK OFFICE ACH

Clients have the ability to utilize ACH processing services from First Direct Financial that are initiated from the Back Office Platform and can use the BOFD (Bank of First Deposit) of their choice.

ACH DELAYED CLEARING / CONTROLLED DISBURSEMENTS

In cases where some financial risk may be present, First Direct Financial offers the ability for processing to be accompanied by delayed disbursement.  This can be configured according to the specific needs of the client and can be tweaked when necessary.

INTEGRATED ACH

This option provides clients with the capability to process ACH via a software integration to their third party applications. First Direct Financial is able to assist with integration if needed.

SUB-ACCOUNTING / SPLIT SETTLEMENT

The sub-accounting platform within the First Direct Financial is designed to facilitate ACH Payments based a client’s specific needs when it comes to initiation, acceptance and disbursement.  Additional functionality for reporting and balancing makes reconciliation easy and streamlined.

ACH RECEIPT

First Direct Financial offers the ability for clients to initiate ACH, and the ability to receive ACH payments is also available.  With several different options related to how the payment is handled and subsequently disbursed, First Direct Financial has a solution that meets the complex needs of clients.