Automated Recurring Payments
Flexible Payment Solution
Copyright © 2005 EFT Network, Inc. All Rights Reserved.
Billing Made Simple
EFT Network’s easy-to-use Automated Recurring Payments replaces
the traditional method of billing and collection by offering your customers
flexible payment options to pay a debt, utilizing regularly scheduled
recurring payments, which are debited from their checking or savings
account.
 Reduce past due accounts and the time and costs to print and mail
invoices
 Electronically receive and deposit payments
 Eliminate the expense of lost revenue due to delinquent accounts
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Key Features
 Complimentary use of our software without the need to purchase
additional equipment
 24/7 access to your account via our secure website
 Seamlessly upload detailed paid data file to your accounts receivable
system
 User – friendly interface, requiring only internet access
 Returned transactions easily re-submitted for payment
 Schedule payments one time, weekly, monthly, quarterly, bi-annual, or
annual
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Technology Behind
Automated Recurring Payments
Network Infrastructure
 SSL Secure Encryption
 Virus Protection
 Pentium, State-of-the-Art, Technology
 Secure Data Storage
 Firewalls
 User Friendly Interface
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4 Easy Steps
1. Payment schedule is set up in the
Automated Payment System via
EFT Network’s web based software
2. Payments are debited on a one-time,
weekly, bi-weekly, monthly, bi-monthly,
annual, or bi-annual schedule
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4 Easy Steps
3. EFT Network electronically debits funds
from the consumer’s account as per the
payment schedule and funds are transmitted
into the Merchant account after funds have
cleared.
Consumers
Bank
Merchants Bank
4.
Upload files into your in-house accounts
receivable system.
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EFT Network Software
Web Browser

Go to your browser and access the
web-site.

Log onto www.redeposit.com

Select Customer Login on the left
navigation
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Customer Login

Enter your customer information all
in uppercase letters.
- File Code
- User Name
- Password

Select OK
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Welcome Page

Here you can access:
-

Transaction cut-off times
Notification of results status
Customer Survey & Daily
Messages
Select Automated Payments
on the left hand screen to get
started
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Main Menu

The Main Menu supplies you with all
options available in our Automated
Payment System

Select the Data Entry option, this will
enable you to enter in customer
information and set up payment
schedules
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Data Entry Screen
Customer Information
Payment Schedule
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Customer Information
 File Code
 Phone Number
 Customer # / Name
 Email
 Address
 Extra Acct Info
 City, State, Zip Code
 Bank Routing #
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Payment Schedule
 One-time or multiple one-time transactions
 Weekly or alternating weekly transactions
 Quarterly
 Bi-Annual
 Monthly- once or twice a month
 Annual
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Confirm & Create Batches
Confirmation
 One-time or multiple one-time
transactions
 Weekly or alternating weekly
transactions
 Monthly- once or twice a
month
 Bi-Annual and
 Annual transactions
Create Batches
 Types of transactions
 Choose start/end dates
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Results
Results
 View a listing of all your
files ‘pending’
 Includes.. File Date,
Name and Time
Batches
 Click on the file name to
view the items in your
batch file
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Benefits for, YOU
 Electronic presentments are cleared before paper checks for faster
payment processing
 Access your files anywhere, anytime, anyplace
 Reduce Bank transaction return fees
 Receive faster advice on NSF returns in 3-5 days, versus 7, 10, or 14
days in paper form
 Ability to resubmit returned NSF items immediately and return fees can
be collected with proper authorization
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Conclusion
Automated Recurring Payments, flexible payment options provide:

24/7 access to your account via our secure website

Upload detailed paid data file to your accounts receivable system

User – friendly interface, requiring only internet access

Schedule payments one time, weekly, monthly, quarterly, bi-annual, or annual

Access to your files anytime, anywhere, anyplace

Reduce Bank transaction return fees
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EFT Network, Inc.
is Committed to Providing
Superior, Affordable,
ACH and Check Processing Solutions
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Getting Started
EFT Network, Inc.
245 Saw Mill River Road
Hawthorne, NY 10532
Tel: 914.747.3222
Fax 914.747.7218
www.redeposit.com
Contact:
Alex Bacon, Vice President of Sales & Marketing
E-mail: sales@redeposit.com
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