ACH Direct

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ACH Direct delivers an all-in-one, business-class solution for ACH payroll direct deposit, cash management transfers, pre-authorized debits, vendor payments, and more. Designed for increasing the relationship depth with your financial institution business customers, Magic-Wrighter offers a complete suite of tools.

Web-hosted with intuitive navigation, this batch-based platform enables your financial institution to compete in the commercial marketplace and retain your most valued business account relationships. Dual controls, risk-limit management, prenoting and multifactor login creates a secure, low-risk environment and NACHA-compliant solution. Detailed reporting and auditing features enable your institution to closely monitor each business client’s activities. ACH Direct is the essential foundation for a successful treasury management and business e-banking program.

Generous training and sales support is available from our expert teams, plus best practices guidelines. Let Magic-Wrighter help you launch your ACH platform with ease.

Benefit from:

  • Extensive ACH origination for all popular entry class codes.
  • Increased business account retention
  • ACH solutions that will grow your commercial services and revenue generation opportunities.

Payroll Direct Deposit

  • Offering a payroll direct deposit solution has never been easier or more affordable.
  • Full-featured and easy to use
  • Built for business clients of all types
  • Employees can distribute their payroll deposit across multiple deposit accounts with any institution.
  • Create and originate ACH files, or import ACH-formatted payroll files from other payroll and accounting software.
  • Email notifications of deposit amount and date give the employee advance deposit notice.

Vendor Payments & Cash Management

  • Provide your business clients all the tools they need to transfer funds between corporate accounts held at your institution and other financial institutions.
  • Business clients improve cash flow, pay business partners, and schedule pre-authorized debits from their customers and vendors.
  • Use CCD entry class code with addenda records for additional payment-related info and invoice numbers.
  • Optional email notification feature offer immediate confirmation emails to the receiving party.
  • Provides a convenient alternative to wire transfers, paper check handling, phone calls and other costly procedures.

Pre-Authorized Payments

  • This option is perfect for business clients seeking an automated solution for payments from consumer accounts.
  • Enjoy the convenience of collecting payments electronically on a pre-authorized basis each billing cycle.
  • Improve your business clients’ payment rates and reduce their internal collection expenses.
  • Enable the business to project anticipated cash deposits to their corporate accounts.
  • Use PPD entry class code for recurring consumer payments of rent, gym memberships, condo association fees, union dues and other payments.

HSA Funding

  • This quick and easy solution allows business owners to contribute to employee health savings accounts or employees to contribute via payroll deduction.
  • Contributions can be made each payday or on any schedule that meets their needs.
  • Email notifications to employees upon submission of ACH posting file make this simple to use.
  • Get detailed tracking of all year-to-date contributions relative to the current IRS contribution limits.

Tax Payments

  • Provide your business clients the convenience of paying federal and state taxes electronically via ACH.
  • Employer’s corporate account is automatically debited on the date of the scheduled tax payment, helping to eliminate errors and omissions.
  • Hundreds of applicable codes are built in for both federal and state taxes, ensuring payments are submitted to the correct government-owned bank account.