Transactions
Simple Solutions to Send and Receive Funds from Your Program’s Accounts
In the modern financial world, transferring funds quickly and securely is essential for businesses and individuals alike. Whether you’re a small business managing payroll or a fintech platform facilitating seamless payments for your users, having reliable transaction solutions is critical.
Transaction Types
ACH (Automated Clearing House)
ACH transactions are one of the most common methods used to send and receive funds between banks. The ACH payment rail facilitates the exchange of electronic transactions between financial institutions, utilizing routing and account numbers to move money securely and efficiently.
ACH transactions are typically lower-cost and typically settle between one and three business days. ACH is ideal for enabling recurring transactions, such as payroll disbursements or vendor payments, as well as one-time transfers between businesses. ACH offers a smooth, scalable way to integrate payment processing for users, whether they’re transferring money between accounts or paying bills directly from their app.
Our Transaction solutions offer diverse options to meet different needs. From low-cost ACH transfers to the speed of wire transfers, each solution provides unique benefits that cater to various transaction types. By incorporating these methods into your financial operations, you can ensure that payments are processed quickly, securely, and with minimal hassle.
Check Printing
Check Printing is a classic yet convenient solution that enables businesses to print and deliver checks to end users. For businesses that work with users who prefer checks, this tool can significantly reduce the time and effort involved in check management.
Positive Pay is used to verify transactions and prevent fraud, ensuring that checks are validated before they are processed. For businesses that opt into this program, it can be particularly important for handling large amounts of money or those with high-volume check-writing needs. Our Check Printing Solution adds convenience and streamlines payment workflows.
Our Transaction solutions offer diverse options to meet different needs. From low-cost ACH transfers to the speed of wire transfers, each solution provides unique benefits that cater to various transaction types. By incorporating these methods into your financial operations, you can ensure that payments are processed quickly, securely, and with minimal hassle.
Remote Deposit Capture (RDC)
Remote Deposit Capture (RDC) enables end users to deposit checks remotely by scanning them and uploading the images into their bank accounts. This feature eliminates the need for a trip to the bank, saving time and improving cash flow. RDC can be integrated into mobile apps, allowing users to snap a photo of a check using their smartphone. For in-app use cases, fintechs must provide a web-capture platform to ensure the transaction is secure and compliant. With this solution, even your users in remote areas or without access to nearby branches can deposit checks with ease.
Our Transaction solutions offer diverse options to meet different needs. From low-cost ACH transfers to the speed of wire transfers, each solution provides unique benefits that cater to various transaction types. By incorporating these methods into your financial operations, you can ensure that payments are processed quickly, securely, and with minimal hassle.
Vault Cash
Vault Cash is a specialized solution tailored for businesses that deal with large amounts of cash. Typically reserved for Money Service Businesses (MSBs), vault cash provides a secure method for sending and receiving large sums of money.
Our Vault Cash solution enables transfers facilitated by an armored car service licensed to pick up funds from Federal Reserve Bank locations. This solution ensures that physical cash is handled securely and efficiently, reducing the risks associated with large-scale cash management.
Our Transaction solutions offer diverse options to meet different needs. From low-cost ACH transfers to the speed of wire transfers, each solution provides unique benefits that cater to various transaction types. By incorporating these methods into your financial operations, you can ensure that payments are processed quickly, securely, and with minimal hassle.
Wire Transfers
Wire transfers allow users to send funds quickly across a network of financial institutions. Wire transfers offer faster processing speeds, with wires typically settling on the same day. Wire transfers are ideal for large payments or urgent transfers. To initiate a wire transfer, the sender simply needs the recipient’s contact information, along with the routing and account numbers. The ability to settle payments the same day adds flexibility and ensures that critical transactions can occur without delay.
Our Transaction solutions offer diverse options to meet different needs. From low-cost ACH transfers to the speed of wire transfers, each solution provides unique benefits that cater to various transaction types. By incorporating these methods into your financial operations, you can ensure that payments are processed quickly, securely, and with minimal hassle.