CPS payment processing makes ACH as easy as Credit Cards and even easier in many scenarios.
Electronic processing relies on the customer’s bank ABA and account number. CPS can validate these and connect them to a phone or internal account number for future streamlined processing.
CPS can authorize the financial transaction using its risk management platform and can also send a verification message to the customer to ensure it was them that initiated the transaction.
Every transaction is consolidated & settled into your designated bank account the next business day eliminating the need to reconcile sweep accounts at the store level. Reports detail and reconcile transactions by location.
CPS receives return notifications within 24-48 hours so database updates and recovery efforts are expedited and efficient.