Electronic Payment Technology
Provider
|
About Us
Our Office Location:
Affirmative Contacts:
04/08/05, Version: 1.4 |
Established in 1998, Affirmative Technologies, Inc. is a leading technology provider to the electronic payments industry, marketing software and Internet applications for processing consumer payments electronically via established Financial Institution-ODFIs, the ACH Network and Federal Reserve Banking System, through standalone or multi-client electronic payment processing Applications for Retail Merchants, Internet Merchants, Financial Institutions, Third Party ACH Processors-Senders, Independent Software Vendors, and Payment Aggregators. Affirmative employs a team of senior software developers, technical support professionals, and electronic payment industry experts, available to assist in creating unique solutions for any business regardless of size or payment intake complexity.
►Main Telephone - (727) 772-9881◄ Sales Information - ext.225 Company Contact - ext.222 Technical Information - ext.223 Marketing Contact - ext.222 Vendor Contact - ext.251 Integration Contact - ext.223 |
|
What We Do Affirmative's applications address the following electronic payment/processing channels: · Retail businesses processing Consumer payments electronically via Point-Of-Sale (POS), Back Office Conversion (BOC), Telephone (TEL), Accounts Receivable Conversion (ARC), Pre-Authorized Debits (PPD), and all other electronic payment methods authorized by NACHA · Internet businesses processing Consumer payments (WEB) electronically · Business-To-Business (B2B) payments (CCD) · NSF Check Electronic Recovery Application for businesses’ in-house collection efforts · NSF Check Electronic Recovery Internet Application designed specifically for NSF Check Recovery Entities processing high volume (RCK) transactions · Check Verification Services · Check reader, scanning, and imaging solutions for businesses and financial institutions (Check 21 Compliance Solutions) · Core ACH Network Processing Application for ODFI-Financial Institutions · ACH Network Processing Risk Management Application for Financial Institutions · Remote Deposit Application for Financial Institutions and their commercial clients · ACH Network Processing Application for Third Party ACH Processors/Senders and Payment Aggregators · Software Integration Services to integrate licensed users into one payment platform · ACH Network server based Secure File Transfer Program · Wire Transfer Services for businesses · Consulting Services, custom development and programming for clients with complex payment processing needs and systems integration requirements |
Applications Overview
Electronic ACH Transaction Processing. Affirmative’s ACH processing applications facilitate the electronic settlement (payment) for Business-to-Consumer, Consumer-to-Business, or Business-to-Business transactions. Merchants obtain (in person, by telephone, fax, or over the Internet) the customer’s ABA (9 digit Bank Routing Number) and checking account number, then imports a data file, scans a check, or manually enters the payment information into the software or Internet application. The ACH application communicates electronically through the ACH Network and the Federal Reserve Banking System, automatically debiting the customer’s bank account and crediting the merchant’s account.
Our Products
|
Branded Product |
Product Description |
|
Ach☼Now™
|
Merchant front-end electronic payment data entry and consumer initiated payment presentment application (included in AchProcessor™ and AchHub™ applications) that electronically submits transactions for payment through the ACH Network. Merchants obtain (in person, by telephone, fax, or over the Internet) the customer’s (Receiver) ABA (9 digit Bank Routing Number) and checking account number, then imports a data file, scans a check, or manually enters the payment information into the Internet browser application.
|
|
NSF☼Check Processing™
|
Internet based application for NSF check recovery, and a comprehensive cradle to grave NSF check processing and management tool allowing businesses, or NSF Check Recovery Companies, to access current NSF check recovery information on-line, enter NSF check information, strategically time NSF resubmissions, analyze statistical check data, and manage the entire recovery progress.
|
|
Ach☼Processor™
|
A privately labeled ACH Processing Application that serves as a front-end on-line transaction entry point (AchNow™ front-end application included) and middleware ACH Processing System. ACH Processor.com™ is a licensed electronic payment application that creates a Third Party ACH Processor relationship between the ACH Processor/Sender, its Originator/Merchants, and a Financial Institution-ODFI, enabling Originator/Merchants to process and settle electronic payment transactions on behalf of their customers through the ACH Network and Federal Reserve Banking System.
|
|
Ach☼Hub™
|
A privately labeled multi-client Internet ACH Network Core Processing Application (AchNow™ front-end application included) that serves as a comprehensive ACH Network Processing System for Financial Institutions-ODFIs to provide electronic payment processing for their commercial account holders. AchHub™ provides Financial Institutions the vehicle to increase deposits, fee income, and increase the asset size of the bank. Internet based services allow ODFIs to obtain commercial clients nationwide, not just in their traditional market area.
|
|
Ach☼Achiever™
|
A multifaceted ACH File Risk Management Application designed to manage critical risk factors affecting ODFIs’ daily ACH operations. AchAchiever™ provides significant risk management tools to mitigate processing risk, and monitor various elements of daily ACH transaction activity, including statistical monitoring of returns, by SEC Code, by totals and percentage factors, with preset risk management underwriting parameters or return ratios limits as set forth by NACHA.
|
|
Check☼VerifyNow™
|
An Internet based check payment verification service with single check entry and SFTP batch upload capability marketed to merchants, payment processors, and NSF check recovery entities. The verification service offers various check status levels, including; verification that the consumer’s bank account is open and in good standing; verification that the bank account has a positive balance; Negative Database Checking and, in the Summer of 2005, a service to hold funds in the selected DDA account.
|
|
Ach☼SecureFile™
|
Server based secure file transfer program used to exchange and temporarily store ACH files in a highly encrypted form. Files transferred to and from ACH☼SecureFile™ are automatically encrypted using 128 BIT SSL encryptions, and re-encrypted at 256 BIT prior to being saved at the Server.
|
|
Ach☼RED™
|
Remote Electronic Deposit (RED) is an Internet-based, privately labeled, front-end solution. Merchants scan, truncate, and submit checks electronically through a secure, 128-bit encrypted Internet connection. Financial institutions process the standardized X9.37 image files electronically or on paper as substitute checks, making implementation of Remote Electronic Deposit independent of an institution’s Check 21 readiness on the backend.
|
|
Ach☼Boc™
|
Back-Office-Conversion (Proposed SEC-BOC), when enacted by NACHA, will allow retail merchants the ability to convert paper checks to ACH entries in a back-office environment, rather than at the point of sale. Retailers want the flexibility to process checks electronically in whichever model suits their environment the best. And in the Check 21 future, merchants will want to convert checks from their back office depending on their individual business case and a balancing of the economic, risk and customer service impacts.
|
Other Affirmative Services
|
Software Integration Services
|
Independent Software Vendors whose End Users are collecting consumer payments outside the system now have the ability to offer electronic payment processing as an integrated function of their software. Software Vendors can add value to their software by offering electronic payment processing to their customer base, and generate additional revenue at the same time. Industry specific software is typically designed to run the operations, management, or financial functions of their End User’s businesses, but normally does not include processing payment transactions between the End Users and their individual customers. Offering an integrated solution to the End User’s can bring significant benefits to the Software Vendor’s business.
|
|
Electronic Payment Industry
Consulting Services
|
Affirmative employs a team of senior software developers, technical support professionals, and electronic payment industry experts, available to assist in creating unique solutions for any business regardless of size or payment intake complexity. Since 1998 Affirmative has provided businesses of all sizes and business models unique payment processing solutions to streamline their payment intake channels, increase cash flow, and reduce potential losses. In addition, Affirmative has developed and maintains Strategic Alliances in all aspects of the Electronic Payment Industry, and delivers unique payment services independent of or in conjunction with its’ technological solutions.
|
|
ACH Processing Alternatives
All Businesses Large or Small
Click Here for Details
|
Affirmative offers a variety of ACH Network processing alternatives for every size enterprise:
|
|
Wire Transfer Services
|
Wire Transfers - Outbound. Need to transfer funds to that out of town customer—don’t worry about paying high wire transfers fees or being forced to use expensive convenience store wire-gram methods. We offer a fast inexpensive method of funding customers. Once approved, you can wire funds into your customer’s bank account fast…and at an affordable price. Wire Transfers - Inbound. Get your money…in a hurry. Your customers authorize their bank to wire funds into your account upon receiving a pre-authorization via fax to transfer funds. Affirmative has a fast inexpensive method for your customers to fund their account with your business.
|
|
Check 21 Solution Services |
Check 21 is a major shift from paper-based to electronic transaction processing; banks need to co-ordinate traditional processes with electronic alternatives, while helping customers to adapt to a new environment. Affirmative can assist Banks face the task of building compliance into an enterprise-wide approach to risk management, while retaining the integrity of their other client services as key components of their daily operations.
|
The Highest Security Available
SSL 128-bit data encryption. Affirmative's software employs SSL, 128 bit encrypted transmissions, meeting the highest standard of the government's current requirements. 128-bit data encryption is a secure coding method in which transactions require a 128-bit encryption key to unlock the block cipher and read the data. The block cipher method applies a cryptographic key to a block of data as a group, rather than breaking the data into smaller sizes. This makes the data virtually impervious to attack.
Secure Sockets Layer (SSL). This security protocol sits just below protocols such as HTTP and uses the lower-level TCP/IP to allow SSL-enabled PCs and servers to authenticate to each other. SSL creates single-session key exchange; using public and private-key data encryption (usually 128-bit) from RSA Data Security for enciphering and deciphering encrypted SSL transmissions.
- We offer the finest in currently available server-level protection behind a dedicated firewall and when applicable, a Virtual Private Network (VPN). The security at the server level is customizable according to your needs.
- Multiple layers of application-level controls against intrusion.
- The highest levels of file (and messaging!) security protection available anywhere, superior to any secure FTP server.
- Ach*SecureFile™ product does not write unencrypted data to disk, whether you or your customers are communicating ACH file data or a confidential, sensitive message.
- Ach*SecureFile's™ built-in secure data
storage system uses the 256-bit AES encryption certified by the
▼Electronic Payment information▼
Click Here ACH Network Primer. This article is designed to provide those who are not familiar with the ACH Network with a basic understanding of the fundamentals of the ACH Network, briefly summarizing the Network’s operation, participants, ACH products and services, settlement and posting mechanism, legal framework, and history. For complete information on ACH processing, please refer to the NACHA Operating Rules and the NACHA Operating Guidelines.
Click Here ACH Processing Alternatives. This document explains the various ACH Processing Alternatives available to Affirmative’s clients.
Click Here Payment Processing Comparison. This document compares electronic payment processing with traditional paper based processing.
Click Here 2004 Federal
Payment Research Report. This report summarizes
the findings of the 2004 Federal Reserve Payments Study. The study included the two research efforts noted below
to estimate the annual number and value of significant types of non-cash
payments in the
www.electronic-check.org Link for Consumer Related ACH Information. This site is sponsored by a non-profit, neutral, educational organization to help educate consumers about new payment option.
www.nacha.org Link for the National Automated Clearing House website. NACHA - The Electronic Payments Association is the leading organization in developing electronic solutions to improve the payments system. NACHA represents more than 12,000 financial institutions through direct memberships and a network of regional payments associations, and 650 organizations through its industry councils. NACHA develops operating rules and business practices for the Automated Clearing House (ACH) Network and for electronic payments in the areas of Internet commerce, electronic bill and invoice presentment and payment (EBPP, EIPP), e-checks, financial electronic data interchange (EDI), international payments, and electronic benefits transfer (EBT).
▼Payment Process Diagrams▼
Diagram - ACH Network Processing
Diagram – Electronic Bill Presentment Payment
Diagram – Check Payments by Telephone/Fax
Diagram - Account Receivable Conversion
Diagram - Internet Payment Processing