Processors – Bank Account/ACH
Updated 6 months ago
Introduction
The Bank Account/ACH (USA) section of the Processors area of Secure Payments is where you enter ACH processor information and NACHA processor information.
In Secure Payments, processors that provide an API are referred to as ACH processors. Processors that don’t provide an API and instead require the upload of a NACHA file are often referred to as NACHA processors in Secure Payments. When you navigate to Processors > Bank Account/ACH, you will find that there is a different tab for API Integration and NACHA Batch Submission.
New ACH Processor
Currently, Secure Payments is integrated with SpeedChex/ACHQ, LoanPaymentPro, Repay and Actum. Below, we'll talk about how to a new processor for each of these integrations.
SpeedChex/ACHQ
The following information should be entered for the new processor:
Field | Description |
Name | This name should distinguish this processor from others you may set up |
Gateway ID | Your SpeedChex/ACHQ Gateway ID |
Merchant ID | Your SpeedChex/ACHQ Merchant ID |
Gateway key | Your SpeedChex/ACHQ Gateway key |
Merchant Account Email | The email you have on file with SpeedChex/ACHQ |
Demo mode | If you choose “Yes”, you payments will be sent to the SpeedChex/ACHQ sandbox account instead of your live account |
Email Customer | Emails will be sent by SpeedChex/ACHQ when events occur on the account |
Express Verify | This will enable an algorithmic verification of the routing and account number |
LoanPaymentPro
The following information should be entered for the processor:
Field | Description |
Name | This name should distinguish this processor from others you may set up |
Transaction Key | Your LoanPaymentPro Transaction Key |
Type | The type of payment that will be accepted by this processor, the options are ACH or Credit Card. |
Repay
The following information should be entered for the Repay processor:
Field | Description |
Name | This name should distinguish this processor from others you may set up |
Subdomain | Your Repay Subdomain |
App Token | Your Repay App Token |
Convenience Fee | Select a convenience fee for using this processor |
Actum
For Actum, you'll need to enter information for the following required fields:
Field | Description |
Name | This name should distinguish this processor from others you may set up |
Username | Your username for Actum |
Password | Your password for Actum |
Parent ID | Your parent ID |
SFTP username | Your SFTP username |
SFTP password | Your SFTP password |
Sub ID | Your Actum sub ID |
Syspass | Your system pass |
New NACHA Processor
The following information should be entered for the processor:
Field | Description |
Processor Name | This name should distinguish this processor from others you set up |
Bank name | The name of your company’s bank |
Company name | The name of your company that is on file with your bank |
Routing number | The routing number of your company’s bank |
Company EIN/Tax ID | Your company’s employer identification number or tax ID |
Discretionary data | This is optional data for use within your company |
Export Type | You can choose to export transaction data in a .csv or NACHA file. |
Merge Similar Transactions | If you're export type is a NACHA file, you can choose to merge transactions with the same Account Number, Routing Number, Authorization Type, and Direction of Funds into a single transaction. (Two $100 payments from the same account, for instance, would show up as a single $200 transaction.) The payments will still show up separately in LMS and Secure Payments, but are merged in your unbalanced NACHA file. This helps you save time processing the data. |
Cutoff Time | This drop down gives times of day in fifteen-minute increments. Together with the time zone, it determines what time this processor batches transactions.
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Time Zone | This drop-down lets you select the time zone when for your cutoff time. The default is Universal Central Time (UTC). |
Batching Days | You can choose which days to batch transactions on. By default, all days are selected. |
Exclude Banking Holidays | You can choose not to batch on days when banks aren't open. LoanPro's keeps a list of Banking Holidays by default, or you can choose your own. Check the 'Enable' box to exclude those days, and then the Customize button to select your own. |