New Account Funding

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Are you deploying a new account opening platform and need integrated funding methods? Partner with an experienced payment processor that specializes in serving financial institutions and their preferred fintech vendors. Our vendor-neutral API solutions offer a flexible platform for funding via ACH checking/savings and credit/debit cards. Magic-Wrighter’s APIs integrate with established vendors, customized solutions, or in-house developed platforms.

Benefit from:

  • Value-added flexibility
  • Operational efficiency and ease of implementation

Integrated Solutions

  • Fully integrated funding maintains integrity of the user experience, increases your onboarding rates, and reduces abandonment.
  • Scalability accommodates future enhancements, evolving transaction types, and changes in volume. It’s a single-source solution for integrated processing.
  • Manual funding is also available in the event of failure during account opening or secondary decisioning.
  • Real-Time ACH WEB debit validation is included, plus accommodation for micro and trial deposits with micro and trial deposits offered within most account opening platforms.
  • Back-office reporting portal allows a view of all daily processing activity. Detailed reconciliation reports make accounting a breeze.

Seamless & Secure Processing

  • Automated account-level posting eliminates the need to manually post payments or transaction files. Alternatively, lump sum daily settlement to a GL is also available to allow for funds clearing or additional risk review.
  • Funding transaction data passed seamlessly and securely via real-time API. Card accounts are authorized immediately, checking/savings are debited as early as next business day.
  • Nacha and PCI compliant, all transaction data is secured via the latest encryption standards plus optional tokenization.
  • Standard non-proprietary NACHA files post via the Fed, corporate credit union, or bankers’ bank for streamlined and efficient operations
  • Knowledgeable technical support is available for transaction inquiries, file assistance, reporting review, training, and more.

We are trusted by more than a thousand financial institutions and their preferred third-party partners.