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ACH TIPS

As the impact of COVID-19 continues to unfold around the world, we want you to know that we’re here for our clients and partners. With these unprecedented times, Magic-Wrighter has seen a significant increase in demand for ACH processing from both financial institutions and their business clients. Specifically, we want to reach out to our ACH Direct clients and offer some helpful tips and “Did You Knows”. 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 the contact info below. Magic-Wrighter is committed to helping you through these trying times. Thank you for your continued loyalty and stay safe!