Add a NACHA Processor
Updated 1 week ago
General
You can use the LoanPro interface to add a NACHA processor to your PCI Wallet account. Using NACHA files is a way to submit payments to payment processors that don’t have an API. A NACHA file is a payment file that is formatted in the way banking systems are set up to accept. A NACHA file can instruct that funds be sent to you or sent from you.
How To
To add a new NACHA processor, navigate to Settings > Company > Merchant > PCI Wallet and go to the BANK ACCOUNT/ACH (USA) tab. Click Add Processor.
Make sure you have “NACHA” selected from the “Processor Type” drop-down menu.
Now enter the following:
Field | Explanation |
Processor Name | This is the name you are giving to this NACHA processor to distinguish it from other NACHA processors you might create. |
Company Name | This is your company name in the way your bank has it on file. See your bank statement if you’re not sure. |
Bank Name | This is the name of your bank. |
Bank Routing/ Transit Number | This is the routing or transit number for your bank. |
Company EIN / TAX ID | This is your company’s Employer Identification Number or Tax Identification Number. |
Company Discretionary Data (not required) | This field allows your company to include codes significant only to you (e.g., a batch number for a specific NACHA file). There will be no standardized interpretation for the contents of this field. |
Cutoff Time | This is the hour of the day and the 15 minute increment when the batch will run, in Coordinated Universal Time (UTC).
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Once you have entered the information needed for the processor, choose the settings you want for this processor. Settings include:
- Auto Reversal – Select “Yes” if you want payments that are returned to be automatically reversed in LoanPro.
- Default Processor – Select “Yes” if you want this processor to be the default for new AutoPays.
Once you've finished entering in the correct information, click Save.