Electronic Funds Transfer (EFT) is becoming a more common payment method in our everyday personal banking. Remember the last time you transferred money to your friend? Was it done in a swipe through your mobile app or did you go to the bank physically? With ‘beneficiaries’ set up in your online banking account, the complete process of cash transactions could happen in a few seconds – without the intervention of a bank teller!
If our personal banking benefits from such an easy interface, imagine the same requirements from the business world passing hundreds of transactions. Imagine how powerful and efficient your system would need to be to support this? Almost every business, whether small or large, is looking for easier methods of payments as it increasingly becomes difficult to handle/control a large number of transactions.
Our EFT files are preconfigured and can easily be installed on your system following our instructions, or we can install the add-on for you for an extra fee.
Benefits of EFT files:
Reduce bank transaction fees
No duplicated data entry, saving time and eliminating errors
Expensive check stationery not needed
Reduce postage costs as you can email remittances
Reduce processing time, an EFT batch can be created, imported and processed in a matter of minutes
Get one step closer to a paperless environment
We have many other EFT file offerings, so should you need another file format check out our product listings.
** Can't find the format you need? Don't worry, you can have your own custom bank file created by following this link **
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