EFT is known by many names - electronic checking, automatic payment, direct debit, etc.  A broad definition of Electronic Funds Transfer is that it transfers funds from one bank checking or savings account to another bank checking or savings account.  The key to this EFT transfer of funds is that the transfer is always authorized and a record is kept on file ot that authorization.

• Debit EFT: the merchant or client debits a customer account and receives on time payment!

• Credit EFT: the merchant or employer credits a customer or pays employee wages by EFT.

OUR EFT SERVICES:

• EFT - the basic processing service that transfers funds into the merchant's account from the customer account - on time payments!!!

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• Direct Deposit - the electronic deposit of payroll funds into your employees' account on payday or tocredit an account such as a payday loan company might want to do.

 
• Electronic Check Representment - turns a paper NSF check into an electronic check for collection. This is the best way to collect on a paper check - fast, efficient, and cost effective.
 
• POS Check Truncation - turns a paper check into an electronic check at the point of sale - the cash register.
 
• Lockbox Truncation - turns a paper check mailed into a merchant into an electronic check - brand new ACH pilot program that promises to be one of the hottest in the electronic check services industry.
 
• CheckFaxx - take checks by fax, checks by phone, checks by internet - no signature needed and this software package manages the whole system for you.

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Contact EBS For More Information:      

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CALL @ 732 888-3898     

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FAX @ 732 888-9084     

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Email: SALES