Magic-Wrighter has seen a significant increase in demand for ACH processing from both financial institutions and their business clients. Many of these tips have been provided to us by our most successful and high-volume Financial Institution partners:
- Upgrade clients to the Browser Based web version, eliminating the need for legacy software.
- Expanding ACH batch-types: Payroll Direct Deposit, Vendor Payments, Corporate Account Transfers, Consumer Bill Payments, Tax Payments and more.
- Moving your Payment Processing cycle to 7:00 pm Eastern Time, allowing for a later time to initiate/process transactions.
- Offering Same-Day ACH processing to select business clients, allowing them to respond promptly to urgent payment requests.
- Adjusting risk limits to accommodate for businesses current needs. Note especially that Same-Day ACH limits on CCD transactions have been expanded by NACHA to $100,000.
- Brand the ACH Direct screens with your logo and colors.
- Ask us about marketing materials branded for your institution.
- Obtain your own demo of ACH Direct for use by your institution’s sales and operations teams.
- Risk monitoring! During these unprecedented times, take advantage of risk management tools offered via Magic-Wrighter’s partnership with Argos Risk. Mention MW2020 for a 10% discount.
We hope some of these tips will work for you. If you would like to discuss any options or upgrades, please feel free to reach us at email@example.com.