Add a NACHA Processor
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.
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:
- 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).
- This is a drop-down that is in 24-hour time and you can choose any 15 minute increment. As stated above, cutoff time is in UTC, so you will need to know the conversion to your local timezone to get the correct hour (e.g. choosing 1 would be 1:00 AM UTC time, which is 7:00 PM in Mountain Daylight Time).
- When the process runs, all transactions without a batch ID are added to the NACHA file. This is set to happen automatically once a day so that NACHA files can be created and submitted each day before the cutoff time for bank processing.
- If you create a NACHA file manually at any point, it will include all transactions without a batch ID to ensure that transactions are only included in a single NACHA file.
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.