American EFT, Inc. offers two software programs:

ACH for the PC™ gives you a convenient, easy, economical way to originate direct deposits, bill collections, state and federal tax payments, and other collections and disbursements into the Automated Clearing House (ACH) from a personal computer.

Now, anyone with ACH for the PC and a personal computer can originate ACH transactions through a financial institution such as a commercial bank, savings and loan or credit union. A company can directly deposit payroll, concentrate and disburse cash and electronically debit accounts -- eliminating the delays and processing problems associated with checks. With ACH for the PC, a company can improve its cash flow by better managing its cash disbursements and collections.

ACH for the PC will save financial institutions money while increasing fee-income. Because transactions made through the ACH system are entirely electronic, a financial institution's data processing staff will not handle paper checks for such transactions nor will it manually enter such information -- productivity will increase as will fee-income. Because ACH for the PC is easy to use, customer-support expenses will be low.

Benefits of ACH for the PC

• ACH for the PC allows for multiple users with different user rights.
• Writes an encrypted file that can be sent via modem or email.
• Allows for multiple batches.
• Provides clear historical record of financial/pay transactions.
• Multiple splits between savings, checkings etc.
• Tax Payments (TXP).
• Supported standard entry classes:
  • • PPD
  • • CCD
  • • ENR
  • • RCK
  • • POP
  • • TRC
  • • XCK
  • • WEB
  • • TEL
  • • ARC
• EASY TO USE.

WASP™ gives you a convenient, easy, economical way to originate ReDeposited Checks (RCK), Point of Purchase (POP), Cash concentration and Deposits, and Prearranged Payments and Deposits (PPD) into the Automated Clearing House (ACH) from a personal computer.

Now, anyone with WASP and a personal computer can originate RCK, POP, PPD and CCD transactions through a financial institution such as a commercial bank, savings and loan or credit union. A company can Re-Deposit checks, Point of Purchase, deposit payroll, concentrate and disburse cash and electronically debit accounts -- eliminating the delays and processing problems associated with checks. With WASP, a company can improve its cash flow by better managing its cash disbursements and collections.

WASP was designed for the use of RCK and POP within a non reoccurring batch. WASP can be utilized with a check reader to make RCK and POP efficient, easy and money saving! WASP can also be utilized for such applications as payroll and auto debiting.

Benefits of WASP

• WASP allows for multiple users with different user rights.
• Writes an encrypted file that can be sent via modem or email.
• Allows for multiple batches.
• Allows for checks to be read with a reader.
• Batches are not reoccurring due to RCK and POP.
• Multiple splits between savings, checkings etc.
• Supports general ledger and loan payments.
• Supported standard entry classes:
  • • PPD
  • • CCD
  • • RCK
  • • POP
  • • WEB
• EASY TO USE.