Add an ACH Processor

Updated 5 months ago by Kayla Todd

Introduction

Introduction

In order to process payments via ACH, you will need an account with one of our integrated processors. This article will go over how to add a ACH processor.

Adding a Processor

To add an ACH processor to Secure Payments through LMS, navigate to Settings > Company > Merchant > Secure Payments in your company account. Make sure you’re on the BANK ACCOUNT/ACH (USA) tab.

Click 'Add Processor'. Choose the appropriate processing company from the “ECheck Processor” drop-down. Currently, the options are SpeedChex, LoanPaymentPro, NACHA, and Repay.

SpeedChex

If you choose SpeedChex, you will need to enter a name for the processor. This name should distinguish this processor from others you may create. Remember that you can create more than one processor per processing company.

You will also need to enter your Gateway ID, Merchant ID, and Gateway Key, all of which should have been provided to you by SpeedChex. Enter your merchant account email (the email you use to interact with SpeedChex). Choose from the settings whether the account will be in demo mode. Demo mode means that transactions will be sent to SpeedChex, but they will not process them. Choose whether returned payments should be automatically reversed in LoanPro. Finally, choose whether this will be your default processor.

Once you have entered the processor information, click 'Save'.

LoanPaymentPro

If you choose LoanPaymentPro, you will need to enter a name for the processor. This name should distinguish this processor from others you may create. Remember that you can create more than one processor per processing company.

You should also enter the transaction key that was provided to you by LoanPaymentPro.

Once you have entered the processor information, click 'Save'.

Repay

If you choose Repay, you will need to give the processor a name and enter in the APP Token and Subdomain provided by Repay. You will will also need to specify a convenience fee amount. Click 'Save' to save the processor.

When processing an ACH payment through Repay, transaction statuses are not updated automatically. This means that the status won't change in LMS when the payment succeeds and funds settle to your bank account.

Actum

If you choose Actum, you will need to enter in your Username and Password which are your Actum account credentials. The ParentID, SubID, and System Password are provided by Actum. The SFTP Username/Password are not needed. Click 'Save' to save the processor.