Electronic Funds Transfer is a payment method to
electronically debit your members' club dues from their checking, savings or credit card
accounts.
Our EFT (Electronic Funds Transfer) service is already built into your
POWERManagement software. This means you have the power of one fully integrated
club management and billing system.
Processing your EFTs through POWERManagement couldn’t be more simple or
efficient!
Press a few keys and the program sends your EFT file to us via the modem and
gives you instant confirmation. Dial into our system 24/7 and you pick up any
returns and deposit statements. Press a few more keys and any returns are
automatically updated in your POWERManagement software.
• Save time and money, No tying up telephones lines to process credit cards.
• Process everything electronically at your convenience – No more mailing and
faxing lengthy reports.
• Save time - Our system is available to you 24/7 to send files, process returns
and corrections, and view statements.
• Eliminate costly manual errors - Your returns are automatically updated by
pressing a key!
• Personalized service with an EFT Coordinator – Your regular transmission file
is analyzed for accuracy and timeliness.
• Your choice of six billing days - Use any or all dates. Leaving town for
business or vacation? Send the file to us early and we’ll warehouse it until
your designated billing day.
• Enhanced security – Built-in system checks to make sure there is no
duplication of files. Receive a courtesy call if your regular file is not
transmitted by due date. Deal with one system and one company.
Our EFT service also offers the following options to efficiently streamline your
billing system.
Auto-Collect Mailers – If an item rejects, we will immediately send a
statement mailer including a return envelope to your member for you, requesting
immediate payment for the rejected amount. We act as your back office for your
first line collection effort!
Automatic Reject Processing - Reprocessing an electronic debit is just like
re-depositing a paper check at the bank. This option automatically processes
“insufficient funds-R01” and “uncollected funds- R09” rejects.
Get the POWER of one fully integrated system today – Call your POWERManagement
Sales Representative at 1-800-CDS SALE, ext. 211 !
