123ACH.com Services

By offering a number of services, 123ACH is your single-source solution for electronic funds transfer. From direct deposit to Internet check capabilities, ACH has the tools you need to operate your business more efficiently and effectively.

SERVICES INCLUDE

Payment Status Reporting

123ACH provides PSR (Payment Status Reporting) tool enables our clients to easily view and research information related to their processing activity. Transactions processed can be tracked through their entire lifecycle. Information on returns and settlement detail information are also accessible. If you are converting checks, images of checks and/or coupons, they can be easily retrieved.

ACH Batch Processing

ACH batches are ideal for payroll and can also be used to manage direct debit, employee reimbursement or vendor payments that occur on a regular basis, but the payment amount varies. 123ACH allows you to easily create a group of payees and change the amounts as needed to debit or credit them on the date you specify.

Payment Transit

Use the ACH  Commerce's product PaymentTransit which allows single transactions captured via our clients website to be transmitted to us in real-time for validation, processing and storage. We accomplish this through server-to-server communication via secure HTTPs post for maximum automation. 

Payment Transport

For 123ACH customers that create ACH formatted files or export data from an existing system, we provide a secure method to transmit the transactions for processing. ACH Commerce's product PaymentTransportSM is also used to securely obtain electronic return files, A/R files, confirmation files and reporting.

PaymentTransportSM is a web-based application utilizing 128-bit encryption and is simple to use for sending and receiving sensitive information such as routing and account number combinations associated with electronic payments.

Recurring ACH Payments

If you offer a payment plan of any kind to your customers, then you can set them up for direct debit using the flexible scheduling capabilities of 123ACH Virtual Terminal and Payment Station. You simply enter the payment information and choose the frequency and duration of the payment. From that time forward, the funds will be automatically debited from their designated account as scheduled and deposited into your account.  Recurring ACH payments created in the 123ACH Virtual Terminal and Payment Station that occur automatically and do not require you to remember when to batch.

ACH Origination

The 123ACh.com ACH module was designed to meet your needs for creating, managing and reporting of ACH payments. You can create one-time, recurring or even batches of ACH payments with this module. The ACH module offers an extremely flexible scheduling feature.

Direct Deposit / Payroll

Permits direct pay to employee bank accounts for their payroll, expense reimbursement, pensions, commissions, etc.

123ACH.com Virtual Terminal

The Payment Station is a unified payment platform that enables you to create ACH payments; credit card payments; convert and image paper checks (hardware required) and perform validation and process payments in real-time. The 123ACH Payment Station is ideal for companies of all sizes and is scalable to fit your needs.

Four Modules of 123ACH Payment Station are:

  • ACH
  • Credit Card
  • Check Conversion
  • Transit (Real-Time Gateway)
Check Conversion

Now you can convert all of your paper checks!

123ACH.com offers two systems to facilitate check conversion utilizing ARC (Accounts Receivable Check Conversion) and Check 21. We leveraged the strengths of these initiatives and developed a trademarked process. The system involves the remote capture of checks, a decision making process to determine eligibility, then processing eligible items via ARC and ineligible items via Check 21.

123ACH.com has a web-based application designed for use by companies that receive check volumes that can be processed using a manual feed imaging device.

BulletScan is a high speed SQL server solution that includes sophisticated remittance processing and decision making logic.

Data Conversion

We are experts in data conversion. We use this expertise to make ACH easy and effective for our clients. If you are unable to create an ACH formatted file, or choose not to use one of our many tools to create a transaction, simply export data from your own order entry or accounting system and we will convert the data and process it on your behalf. If you need a custom-formatted file for importing into your system, give us the specifications and we will deliver.

Return Handling

Our direct link to the Federal Reserve Bank allows us to receive your ACH returns electronically and send them to you with the original transaction information, accompanied by the reason for the return, all in the format you require. 123ACH can reject return items received after the time period allowed by the ACH rules by dishonoring them as "untimely" returns. All return history is stored in our central database, and one of our ACH-accredited professionals can assist you in analyzing your return activity to help you manage risk and reduce cost.

Custom Reporting

Our proprietary in-house system, with powerful database reporting capabilities, enables us to provide customized reports for our clients.

Lockbox Service

Are you tired of opening envelopes, posting payments and preparing checks for deposit?
Let 123ACH do the work for you!

The 123ACH electronic lockbox services are somewhat similar to traditional lockbox services in that we receive the payments on your behalf and open the envelopes. However, unlike traditional lockbox services, we image the remittance coupons and checks and then convert the checks into ACH debits. The funds are withdrawn from your customers account the next morning.

By converting checks into ACH debits, you will know about return items in 2 days, versus the 7-10 days it normally takes for a paper check to be returned. Furthermore, banks typically post the electronic items before paper items, putting your company "first in line" for payment.

When 123ACH settles the transactions to your primary bank account, we do so via ACH. ACH deposits are considered collected funds and are immediately available for investment.

If you want to automate the posting of payments, simply provide us with the import specifications of your A/R system and we will provide you with a daily posting file.

Finally, we make researching payments easy. You can track a payment through its entire lifecycle with the corresponding image of the check and/or remittance coupon using our payment status reporting tool.

Benefits

  • Personalized service and support.
  • Later processing cut-off times.
  • No requirement to change bank relationship.
  • No special programming or file format required.
  • Order entry and A/R import files available.
  • Multiple secure data delivery options.
  • Receive return information electronically.
  • Ability to analyze return activity.
  • Minimize losses through use of verification, authentication services and rejection of last returns.