Payment Processing
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Credit Card Prepayment Setup
- Entering Sales Orders
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Updating Credit Card Prepayment Information - PQ670041
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Clearing Multiple Accounts Receivable Invoices with Credit Card Payment - PQ670042
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Uploading Customer Credit Cards on File - PQ670043
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Work with Future Dated Receipts - PQ670313
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Auto Invoice Payment Rules - PQ670315
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Pay Invoice by Message Status - PQ674237
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Credit Cards on File - PQ67CCIF
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Apply AutoPay Rules - RQ670315
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Batch Authorization of Credit Card Transactions - RQ6704201
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Settling Credit Card Transactions - RQ6704202
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Recording Settled Credit Card Transactions into Financial System - RQ6704203
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Credit Card Prepayment Analysis Report - RQ6704204
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Authorized Credit Card Expiring Report - RQ6704205
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Clearing Sensitive Card Holder Information - RQ6704208
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Credit Card AR Settlement Report - RQ6704209
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Deposit Settlement Report - RQ6704210
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Renew Credit Card on File - RQ6704212
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Credit Card Reconciliation - RQ6704213 & RQ6704214
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Credit Card Surcharge Fee Batch Report - RQ6704215
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Authorize by Email Automated Process - RQ6704216
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Create Invoice Payment by Email Process - RQ6704217
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Pay Invoice by Email Process - RQ6704218
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Change Invoice Email Status to Expired - RQ6704220
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Credit Card Future Payments Process - RQ670429F
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Import Credit Card on File Information from Cloud - RQ67CCIF
How Does ACH Work
The following steps occur for an ACH payment:
ACH Payment performs the payment in two parts. In this example, a Debit/Sale payment, the ACH Payment service first moves the money from your customer's bank account and then moves the money to your bank account.
- A customer makes a purchase from your business and receives an invoice.
- The customer reviews the bill and either mails you a check or provides you the necessary information over the phone to make payment. Then, using ACH Payments, you securely send the information to Forte for processing on the date specified by the customer.
- Forte prepares the ACH payment information and delivers it for ACH submission to the originating depository financial institution (ODFI) by electronic transmission over a secure connection. The ACH payments are submitted to the ODFI on the customer-specified payment date.
- The ODFI processes the ACH payment information and electronically delivers the information to the ACH network operator (Federal Reserve). The ACH network operator electronically distributes the ACH items to the customer’s bank (RDFI).
- The Federal Reserve credits the ODFI’s bank account on settlement day for the value of all ACH debits deposited and debits the RDFI’s bank account for the value of ACH items received.
- Forte then initiates a secondary transaction to move the money into your bank account.
- The customer’s periodic bank statements reflect ACH payments.
- Merchants are notified of ACH payments on their bank statements. Merchants use Forte Dex to view status and reports on previously submitted payments.
- If a customer debit results in a return for insufficient funds, closed bank account, or other error condition, then Forte debits your bank account for the amount of the return. Merchants use Forte Dex to view return detail information.