WHAT IS AN EFT PAYMENT
An electronic funds transfer moves money from one account to another. The accounts can be at the same financial institution or at two different financial institutions. The transaction occurs electronically over a network. EFT transactions, often referred to as electronic banking, are done paper free, so there isn’t a need for cash or paper checks. EFT payments are processed through the Automated Clearing House (ACH) network.
COMPLETE, SECURE EFT PAYMENT SERVICES FROM BLUEPAY
BluePay is a leader in secure, versatile payment processing solutions for small and large organizations. Today, no organization’s capabilities are complete without accepting EFT payment. With BluePay:
- Your data is secure because BluePay is PCI DSS compliant, conforming to standards that minimize the risk of EFT and credit card fraud
- Your system is reliable — our sophisticated software is both easy to use and robust, enabling you to process a high volume of transactions day in and day out
- You have the flexibility to allow our financial institution to originate or process your EFT, or use ACB Bank, Bank of America, Capital One, Chase, Citizens Bank, Comerica, MB Financial, PNC, U.S. Bank, and Wells Fargo
ELECTRONIC FUNDS TRANSFER PAYMENTS: CAPTURE THE POTENTIAL
For consumers, business customers and merchants, an electronic funds transfer payment system is quickly becoming a necessity rather than a frill. Consumers and businesses want to avoid the time and trouble of handing paper checks, and they know EFT services are available in the online and offline marketplaces. Purchasers will naturally gravitate to merchants that offer the greatest convenience, and EFT is moving to the top of the convenience list.
If yours is like most businesses, you can’t afford to overlook the growing demand for an EFT payment option — and with BluePay BlueChex, you won’t have to. Our EFT solution is efficient and secure, and can be integrated with your accounting, ERP and CRM software. Most important, our system will enable you to expand your customer base and keep your current customers extremely happy.
Ready to discuss bringing EFT capabilities to your business? Please contact us now to learn more.