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New Account Funding

Are you deploying a new account opening platform and need integrated funding methods? Partner with an experienced payment processor that specializes in serving FI’s 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.


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 – a single-source solution for integrated processing.
  • Manual funding also available in the event of failure during account opening, or secondary decisioning.
  • Functional with micro and trial deposits offered within most account opening platforms.
  • Back office reporting portal to view all daily processing activity. Detailed reconciliation reports make accounting a breeze.

Seamless and Secure Processing

  • Automated account-level posting, no file handling or manual transfers. 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 for transaction inquiries, file assistance, reporting review, training, and more.

Trusted by hundreds of financial institutions and their preferred third-party partners