Processors – Secure Payments Bank Account/ACH

New Features: In our latest release, we've added customizable batching times and banking holidays to NACHA processors.

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.

We recommend setting up payment processors inside LMS, rather than creating them in Secure Payments. This is because there are more options in LMS for things like bypass processing and automatic payment reversal. For NACHA processors, you will need to choose the export type in Secure Payments once the processor has been created in LMS.

New ACH Processor

To enter information for a new API integrated processor, make sure you are on the API INTEGRATION tab and click the   button.

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

When you have entered this information, click  .

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.

When you have entered this information, click  .

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

When you have entered this information, click  .
You can create more than one processor with the same company if you have more than one account with that company.

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

When you have entered all of the required information, click  .

New NACHA Processor

To create a new NACHA processor, make sure you are on the NACHA BATCH SUBMISSION TAB and click  .

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.

  • When the process runs, all transactions that haven't been batched yet are added to the NACHA or .csv file. By default, this is set to happen automatically once a day.
  • 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.

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.

When you have entered this information, click  .


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