(AN INSIDE LOOK)
ACHeck21® is a FinTech Cloud℠ that eliminates the complexity, uncertainty and friction of Check 21 and ACH payments. Our cloud not only offers hosted ACH and Check21 services but also provides compliance, verification, duplicate detection, document archival and more in the same hosted workflow. A single integration to ACHeck21 FinTech Cloud provides a low costs, quick, secure and easily accessible platform for the exchange of value whether at point of sale, back office, internet or over the phone. ACHeck21 clears files through any bank or credit union and the Federal Reserve. Access to the cloud is easy: integrate using our API, deliver batch files via SFTP or use one of our free remittance or RDC products.
Examples of what ACHeck21 allows users to do:
Obtain 99% read rates on MICR information
Detect and avoid duplicates
Verify account information
Prepare compliant check images for exchange and RDC for any bank
Create specialized output files
Perform CAR/LAR/OCR functions as part of the work flow
Create conforming check image cash letter files (ICLX9.37) and ACH files
Capture and append documents
How Does ACHeck21 Work From A Developer’s Perspective?
What Does This Image Show?
The above illustration shows the major workflow features of the ACHeck21 Fintech cloud, moving from stages 1 – 3 with the ancillary (2a.) features running throughout the process.
Stage 1.) Documents, including checks, stubs, or other records are entered into the system through our API or a “front end” (yours or ours).
Stage 2.) This is where the magic happens. The ACHeck21 Fintech cloud uses your unique requirements to capture and process ACH and Check21 payments as well as other services
Stage 2. a) This is what a FinTech Cloud is all about…..Doing More. All the extra services you need to process ACH or Check21 are available in the cloud and accessible based on your business needs
Stage 3.) The ACHeck21 system prepares and creates the correct file types for scheduled delivery to the correct destination – or destinations and we don’t just mean banks, credit unions or the Federal reserve. Think out of the box: CRM’s, Office Management Systems, In house data bases, billing systems etc
How the Product Works
Installation of ACHeck21® capabilities is simple. Whether integrating through a single API—the proprietary FinTech Cloud℠–or through existing front-ends, ACHeck21® clients are up and running in no time. No heavyweight software installs, no additional capital expense for hardware or infrastructure, and no risky conversion projects. User access administration is also easy. A single integrated dashboard allows administrators to grant end-user access and privileges to all available features and functions of ACHeck21® for multiple user types and service locations.
Vision and Current Market Penetration
With a vision to eliminate the complexity, uncertainty, and friction of managing diverse digital
transaction flows, ACHeck21® is installed in over 200 utilities, lockbox operations, municipalities,
government organizations, point-of-sale providers, non-profits, and many other business
What Are Some Of The Advantages Of Using ACHeck21?
- One integration to many services
- No software to install
- No expensive hardware
- No programming required
- No maintenance
- Set up and installation is intuitive
- Fully documented API
- Eliminates dependency on legacy processing techniques