automated recurring payments

Copyright © 2005 EFT Network, Inc. All Rights Reserved.

Automated Recurring Payments

Flexible Payment Solution

Billing Made Simple

EFT Network’s easy-to-use Automated Recurring Payments replaces the traditional method of billing and collection by offering your customers flexible payment options to pay a debt, utilizing regularly scheduled recurring payments, which are debited from their checking or savings account.

Reduce past due accounts and the time and costs to print and mail invoices

Electronically receive and deposit payments

Eliminate the expense of lost revenue due to delinquent accounts

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Key Features

Complimentary use of our software without the need to purchase additional equipment

24/7 access to your account via our secure website

Seamlessly upload detailed paid data file to your accounts receivable system

User – friendly interface, requiring only internet access

Returned transactions easily re-submitted for payment

Schedule payments one time, weekly, monthly, quarterly, bi-annual, or annual

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Technology Behind Automated Recurring Payments

SSL Secure Encryption

Virus Protection

Pentium, State-of-the-Art, Technology

Secure Data Storage

Firewalls

User Friendly Interface

Network Infrastructure

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4 Easy Steps

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Payment schedule is set up in theAutomated Payment System via EFT Network’s web based software

1.1.

2.2. Payments are debited on a one-time,weekly, bi-weekly, monthly, bi-monthly,annual, or bi-annual schedule

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EFT Network electronically debits funds

from the consumer’s account as per the

payment schedule and funds are transmitted

into the Merchant account after funds have

cleared. 

Consumers Bank Merchants Bank

3.3.

4 Easy Steps

Upload files into your in-house accountsreceivable system.  

4.4.

EFT Network Software

Web Browser

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Go to your browser and access the

web-site.

Log onto www.redeposit.com

Select Customer Login on the left navigation

Customer Login

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Enter your customer information all

in uppercase letters.- File Code- User Name- Password

Select OK

Welcome Page

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Here you can access:

- Transaction cut-off times- Notification of results status- Customer Survey & Daily

Messages

Select Automated Payments on the left hand screen to get started

The Main Menu supplies you with all options available in our Automated Payment System

Select the Data Entry option, this will enable you to enter in customer information and set up payment schedules

Main Menu

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Customer Information

Payment Schedule

Data Entry Screen

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Customer Information

File Code

Customer # / Name

Address

City, State, Zip Code

Phone Number

Email

Extra Acct Info

Bank Routing #

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Payment Schedule

One-time or multiple one-time transactions

Weekly or alternating weekly transactions

Monthly- once or twice a month

Quarterly

Bi-Annual

Annual

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Confirmation One-time or multiple one-time

transactions

Weekly or alternating weekly transactions

Monthly- once or twice a month

Bi-Annual and

Annual transactions

Create Batches Types of transactions

Choose start/end dates

Confirm & Create Batches

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Results View a listing of all your

files ‘pending’ Includes.. File Date,

Name and Time

Batches Click on the file name to

view the items in your batch file

Results

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Benefits for, YOU

Electronic presentments are cleared before paper checks for faster payment processing

Access your files anywhere, anytime, anyplace

Reduce Bank transaction return fees

Receive faster advice on NSF returns in 3-5 days, versus 7, 10, or 14 days in paper form

Ability to resubmit returned NSF items immediately and return fees can be collected with proper authorization

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Automated Recurring Payments, flexible payment options provide:

24/7 access to your account via our secure website

Upload detailed paid data file to your accounts receivable system

User – friendly interface, requiring only internet access

Schedule payments one time, weekly, monthly, quarterly, bi-annual, or annual

Access to your files anytime, anywhere, anyplace

Reduce Bank transaction return fees

Conclusion

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EFT Network, Inc. is Committed to Providing

Superior, Affordable,

ACH and Check Processing Solutions

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EFT Network, Inc.245 Saw Mill River RoadHawthorne, NY 10532

Tel: 914.747.3222Fax 914.747.7218

www.redeposit.com

Contact:Alex Bacon, Vice President of Sales & Marketing

E-mail: sales@redeposit.com

Getting Started