ACH/EFT Overview

Business customers are often the most profitable portion of a Financial Institution's portfolio. By offering Magic-Wrighter's quick to learn and easy to use electronic transaction services you can increase your profitability and customer retention.

Our ACH Origination and electronic payment systems offer your customers access to the simplest form of electronic transactions via its touch-tone phone Interactive Voice Response Server, to its sophisticated Windows Based Client Software, onto its Internet Secure Transaction Services.

Your large corporate and your small business customers can select the services that best suits their needs. They can easily add additional services when needed.

The Magic-Wrighter ACH Origination and electronic payments services have many common and unique transaction processing features. Your large corporate and your small business customers can select the services that best suits their needs. They can easily add additional services when needed.

Detailed information on each service can be found listed below under Corporate Business Services.

Magic-Wrighter's electronic software and services provide many new services to your existing Retail Customers. Your Retail Customers can transfer funds, make loan payments, review outstanding payment amounts and due dates, receive e-mail, payment due information and perform other services by phone or Internet.

Detailed information on each service can be found listed below under Retail Customer Services.

Corporate Business Services

· Employee Payroll Direct Deposit
· Cash Management
· Business to Business Payments
· Federal Tax Payments
· State Tax Payments
· Court Order Child Support Payments
· Pre-Authorized Consumer Payments
· Consumer to Business Payments
· Check Re-presentment
· Point of Sale
· Check Truncation
· Electronic Donations
· Business to Consumer On-Demand   Payment
· EDI

Retail Customer Services

· On-Demand Transfer of funds within your Institution.
· Sweeping money out of other Financial Institutions.
· Making loan payments by debiting foreign checking   accounts.
· Reviewing outstanding loan due dates, amount, arrears,   etc.
· Debit personal checking account to pay a loan at   another Institution.
· Transfer funds to other Financial Institutions.
· Transfer of funds to family members.
· Eliminate expensive Wire transfer fees.