telephone checks innovative, flexible, and convenient payment solution
TRANSCRIPT
Telephone Checks
Innovative, Flexible, and Convenient Payment Solution
Increase efficiency
Increase profitability
Reduce banking fees
Improve accounts receivables
Improve collection
Automate accounting processes
Business Challenges
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EFT Network’s Telephone
Checks
Payments Made Easier
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Telephone Checks is an innovative, flexible, and convenient payment solution to improve your overall collections and payment efficiency. Electronically debit your customer’s bank accounts for your recurring or one time billing, instantly over the phone No more waiting for checks in the mail
Unique file identifier
Process transactions for multiple companies
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
Return transactions easily re-submitted for payment
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Technology Behind Telephone Checks
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 information is received byphone or fax, then entered into theTelephone Check System.
1.1.
Data is transmitted to EFT Network’sSoftware for processing.
2.2.
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EFT Network electronically debits funds
from the consumers account and deposits
funds into the Merchants bank account.
Funds are available within 2 to 3 days,
alleviating a trip to the bank.
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 EFT System on the left hand screen to get started
Main Menu
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The Main Menu supplies you
with all options available in our
Telephone Checks System
Select Enter Transactions to begin processing checks!
Data Entry Screen
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In the Data Entry Screen, enter Routing #, Account #, Statement ID, Transaction Amount, and Data
No more checks in the mail – Get Paid Today
Electronic presentments are cleared before paper checks for
faster payment processing
Reduce Bank transaction return fees
Receive faster advice of NSF returns in 3-5 days, versus 7,10,
or 14 days in paper form
Ability to re-present returned NSF items two additional times
electronically, as opposed to only one more time in paper form
Benefits for, YOU
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Telephone Checks provides:
Flexible, and convenient payments to improve your overall collections and payment efficiency
One time billing instantly over the phone
Unique file identifier
User-friendly interface, requiring only internet access
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: [email protected]
Getting Started