API For Direct Deposit (ACH, EFT, Whatever)

Question

I'm looking for a way to automate a transfer from one bank account to another, without the end user having to login to something like paypal or amazon payments to complete the process (by transferring their on-line balance to their bank account). I've looked around online a bit, and found some vendors that seem to be able to do that, but API documentation doesn't make me feel sure about it.

Can anyone recommend a service they've used to do something like this? Obviously I'm looking for a web based API. The complete process is a middleman site that collects payments (that's the easy part), then disburses the payment (less a fee) to a bank account.

Amazon Payments would be great (allowing three-party/marketplace transactions); however, we're looking for something direct to the end users bank account.

(I know this isn't strictly about code, but I figured there might be someone out there who has done something similar.)

Mike_Wills_2535 · Answer

The first place I would start is with your bank. Ask them what options they have for what you want to do. I am quickly finding that a good bank is willing to sit down with you and show you at least the options that they have and provide. They know the lingo of the business and can translate that for you. In our case, we can automate the ACH process by creating an ACH file daily and FTP that file to the bank.

user_75170 · Answer

I've seen people use Alliance before, and I know a few internal applications that use their ACH API, which handles all the check processing, direct deposits, and other transactions of that nature.

Admin · Answer

You can use ACH Direct to do this. The API is here: https://www.paymentsgateway.net/pdf/agi_integration.pdf and the pricing is located here at www.achdirect.com/offer.

Leslie Hendrix

API For Direct Deposit (ACH, EFT, Whatever)

8 Answers