Technology and innovations are changing the way consumers and businesses access, move and use their money.
Technology innovations. Increasingly demanding regulatory landscape. Fast changing business needs. With the rapid adjustments being made in the payment industry, potential complications can threaten a business’s success. Before these changes become a problem, Premium Investors Bank is providing a solution.
With our expansion in the ACH payment services we recognized the need for a qualified electronic payment service provider. From this, NEPSolutions was formed as a separate division of Premium Investors Bank, N.A.
NEPSolutions offers an electronic payment service that not only provides a suite of merchant processing solutions, but a high level of data security and expertise for the payments industry. These components, coupled with our quality customer service, NEPSolutions will soon become a highly-valued and vital asset to various business industries and Third Party Processors.
Services NEPSolutions offers:
Automated Clearing House (ACH) is an electronic network used to transfer money between the Originator and the Receiver. This process is an efficient low cost solution to disburse payroll through our Direct Deposit Service, or collect payments through our Direct Payments Service. Upon proper approval, eligible business customers will be able originate ACH files either daily, weekly, monthly, or a custom schedule to meet their business needs. Premium Investors Bank ACH Origination Service offer customers a cost effective tool to transmit money to and from banking accounts.
Direct Deposit is an electronic transfer of a payment from your company’s account into a checking or savings account of your employee, retiree, shareholder, or other individuals. The payment can be sent to the employee’s checking account, or split into multiple accounts that your employee owns at one or multiple institutions. Most common types of credit payments are:
Direct Payment is the electronic transfer of a pre-authorized payment that is debited from an individual’s or a corporate clients checking or savings account and deposited into your company’s account. Most common types of debit payments are:
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