Teknowledge Corporation - Tekportal eFinance Suite
|
 |
| |
TekPortal ACH Transfers
The TekPortal ACH Transfer module is an important application in the TekPortal eFinance suite as providing a high demand end user application and potential revenue for the Financial Service Provider (FSP). TekPortal ACH is used by the largest FSPs in the US including CapitalOne, NetBank, service bureaus NCR, Metavante, and Fiserv, as well as small and mid-tier institutions like Pacific Capital Bank, Kinecta FCU, and Schools Financial CU.
Benefits
FSP value:
- Revenue generation: Many FSPs charge customers up to $1.50/outbound transfer.
- Lower cost: TekPortal ACH Transfers is a lower cost alternative to wires and paper checks.
- Lower risk: TekPortal ACH Transfers has significant risk reduction functionality over typical ACH applications.
End user value:
- The end user is in control of their money, setting up inter-bank transfers when and how often they want providing greater flexibility in moving money to high return accounts for a short duration until the funds are needed.
- Inexpensive alternative to wire transfer (overnight funds availability).
Features
TekPortal ACH Transfers has advanced capability including:
- User identity verification and fraud detection with links to Equifax®, Experian®, eFunds®, and OFAC.
- The industry's most advanced method of determining held away account ownership using a combination of online real-time name, address and account validation, small $ debit/credit and other methods.
TekPortal ACH uses TekPortal Identity for these advanced features.
- Same day settlement for `on us' debits with links to many core processing systems
- Flexible use options permitting the institution to enhance existing third party or in-house transfer services by integrating selected components, such as user identity and/or account ownership verification.
- Integration of Thomson Financial Publishing's EPICWare(TM) and RTN files to increase the accuracy of ACH routing, thereby lowering returns.
- Easy integration into the institution's Internet application using TekPortal JSP pages or the TekPortal XML API.
- User group/segmentation support for limits, velocity, and float
- Service bureau support
- Key CSR and administrator reporting features and functions:
- Trace number reconciliation
- Configurable ACH
- End user activity by date range or discrete download, including errors
- Modifiable logging level by user, partner (for multi-bank implementations), aggregate, connector or system wide.
- Ability to reset the download token for a specific user
- Billing report
- Extensive and configurable logging and reporting
- Built on the TekPortal Enterprise server providing key infrastructure for the application including:
- Your choice of platforms including:
- Linux, Tomcat, PostgreSQL
- Windows, JRun, MS SQL Server
- AIX or Solaris, Weblogic, Websphere, Oracle, DB2
- Hardware Security Module (HSM) for FIPS 140 level 3 encryption support, the same as ATM PINs
- Flexible integration methods including an XML interface or JSP pages, with every page being an entry point into the application.
- Consolidated administrative interface with extensive logging and reporting.
- An optional and extensive data warehouse as a stand-in data source or middleware.
Why Teknowledge?
- TekPortal ACH Transfers was the first ACH transfer product to use online real time account ownership verification, with LighthouseBank(TM) the first to offer this service in April 2000.
- Teknowledge has years of ACH experience, codified in TekPortal ACH Transfers.
- Teknowledge is an established company with over 20 years in business successfully delivering and supporting our customers.
Additional product information can be downloaded. 
Contact Teknowledge for additional information
|
|
|
