ETT Consulting is an ACH Service Provider and software development firm, specializing in the custom design of Electronic Transaction Software for use in the public and private marketplace. We have a combined total of 43 years experience in software systems development. We have designed Electronic Funds Transfer Software that is currently being used to transmit thousands of transactions by many companies nationwide.

ETT Consulting
836 Viento Del Montagna
Henderson, NV 89012
Phone: (702) 564-7020
Fax: (702) 558-4327
E-Mail: sales@ettconsulting.com


Fund Transfers Paid On Time, Every Time

What are Electronic Fund Transfers or


EFTs process pre-authorized debits

or credits from one bank account to another within a 48 hour period

to handle your company's payroll, accounts receivable, accounts

payable and/or NSF checks (RCK - returned checks). This electronic

computer based process requires the use of special licensed software

and a modem. All transactions are governed by the Federal Reserve

Banking System.

For those of us familiar with ATM cards

at gas station pumps and grocery store check out lines, the concept

of EFTs continues to earn the confidence of consumers and

is therefore being applied in more and more settings. Over the

past several years, EFTs have gained in popularity among

businesses as well. Now any business, regardless of size, can

use EFTs to conduct a variety of financial transactions.

What are the benefits of EFTs?

The benefits of EFTs are many. For

receivables, benefits include prompt payment of your customers

bills each month and early notice of insufficient funds. You get

your cash on time, every time. While there is a small fee per

transaction for this service, EFTs eliminate the need to

print, process and send a monthly bill in many instances. This

can save you as much as $2.25 to $3.00 or more per customer. Thus,

you could lower your costs for labor to prepare statements as

well as postage and the cost of paper used to print statements.

EFTs also reduce late payments and the need to send out

reminder notices.

EFTs can actually increase your customer

retention. This is most likely to occur in businesses that bill

the same amount on a month to month basis for ongoing services

such as pest control companies, newspapers, pool services, security

companies and the like. Having the fee automatically deducted

from your customers checking account increases the retention

of those who might otherwise let the service lapse.

You can save hundreds, even thousands, of

dollars on your billing and administrative costs, dramatically

improve your cash flow and eliminate many of your collection hassles

by using the EFT services.

While you are saving money, your customers

benefit from EFTs as well. With ETT Consulting, customers

will no longer have to worry about missing billing deadlines.

Bills are paid even when your customers are away from home. No

more writing checks, no more postage, no more service charges

for checks and no more embarrassing second billing notices and

late payments. EFT is free to your customers and your customers

will appreciate this value added service.

How does the EFT transfer process work?

First you have your customers sign a form

that authorizes you to deduct their payment on a certain date.

Your customers provide you with a checking deposit slip to verify

all account information. Then you create the initial database.

According to the billing cycle, the amount of your customers

bill is then automatically debited from their checking account

and deposited into your account. In the case of payroll, your

account is debited and your employees account is credited

each pay period.

Who inputs the information into the computer?

ETT Consulting provides the software

and training to you so you can download needed transaction information

directly from your existing accounting systems using the EFT for

Windows ASCII format. This means no re-keying of data which minimizes

errors and expedites the process. Typically hundreds of transactions

can be downloaded and sent to ETT Consulting in a matter

of minutes.

How much time is required to establish

the initial EFT database?

It only takes a few seconds per customer

to input name, bank account number, routing transit number of

their bank, the amount of the debit, and the due date. Its

that simple! Once the database is established, the only component

that changes each billing cycle is the due date and perhaps the

monthly charge.

How safe are EFTs?

All EFTs are governed by the Federal

Reserve Banking System. Only pre-authorized transactions are allowed

to be processed. This is strictly enforced by the Federal Reserve.

Customers must authorize all EFT debits from their checking account

in writing.

How will I know that the information

sent to ETT Consulting has been received and processed?

The ETT Consulting software prints

several different reports for you. Both before and after the data

has been sent, you can print a report that documents your transaction.

ETT Consulting provides you with a status report the same

day that verifies all of the transaction information. You will

know within 24 to 48 hours if any of your customer transactions

failed to process due to insufficient funds or incorrect data

entries. Most banks take as long as two or more weeks to notify

businesses of insufficient funds on checks being processed. Clearly

ETT Consulting EFT services offers your business

a better alternative to processing checks for financial transactions.

How much will I pay for the EFT services

from ETT Consulting?

ETT Consulting   bases its transaction

fees entirely on volume the more EFT transactions, the lower

your fee. One EFT transaction consists of one debit and one credit

of the same dollar amount. The fees do NOT vary by the amount

of the transaction. You pay the same amount for a $5 transaction

as you do for a $500,000 transaction. In nearly all cases, this

figure is less than the cost your business bears to process receivables,

payables and/or payroll transactions by checks.Related Links


NACHA represents more than 13,000 financial institutions through its 34 regional ACH associations, six councils and corporate Affiliate Membership program. A leader in the payments industry, NACHA develops operating rules for the Automated Clearing House Network, conducts national marketing for Direct Deposit and Direct Payment, and develops emerging electronic payment solutions in the areas of Internet commerce, bill payment and presentment, financial electronic data interchange, cross-border transactions, electronic checks, and electronic benefits transfer.

U.S. Government


The Federal Government is the largest single user of the Automated Clearing House (ACH) system; originating and receiving millions of transactions each month.