Avoiding ACH returns is critical, and LoanPaymentPro’s ACH processing functions have been designed to help you do just that.
Although most ACH transactions are completed quickly, unsuccessful payments may be returned the originating financial institution. Returns happen for many reasons but, in most cases, the cause is insufficient funds in the payee’s account. Other reasons for returns include errors in the account number or routing number and stop payments placed by the account holder.
With our proprietary Fund Verification Tool, you can confirm in real time that funds are available and will be received in full. By minimizing your ACH returns, you will avoid potentially costly fees and potential problems that too many returned transactions can trigger.
We offer a free demonstration of the LoanPaymentPro program. Contact us today to learn more about our innovative ACH processing and loan payment acceptance platform.