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COMPREHENSIVE ACH & CHECK PAYMENT PROCESSING MODULAR SYSTEM

Direct2Fed


Improve the Effectiveness and Efficiency of Check and Electronic Payment Processing

Direct2Fed is a leading edge high-speed web based solution that allows Banks to send checks directly to the Fed Reserve in a Fed approved Image Cash Letter.


Key Features

  • Eliminate transportation costs
  • Federal Reserve receives all items prior to 8:00PM, eliminating higher clearing costs
  • All items imaged and stored for FREE
  • Remote Deposit System included at no charge
  • Ability to scan payment coupons
  • Files batch for posting

How Does Direct2Fed Work?
  1. Checks are scanned via EFT Network's web based software and imaging devices.
  2. Checks are processed and uploaded directly to the Federal Reserve in a DSTUX9.37-2003 file prior to 8PM.
  3. The Federal Reserve credits your Fed deposit account.
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