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iStream ACH Solutions

Overview

iStream Financial Services offers a comprehensive suite of ACH (Automated Clearing House) processing solutions designed to provide a low-cost, efficient, and secure method for handling electronic payments. All transactions are processed in compliance with NACHA (National Automated Clearing House Association) rules and Federal Reserve regulations.

Note: iStream integrates seamlessly with the Envoy Gateway (NMI). ACH agreements with iStream are established for a 3-year term.

iStream Pricing

iStreamPricing
Monthly Fee$29/month fee
Transaction Fee$0.29 per transaction
Batch Fee$0.29 per batch fee + rejected fees

If the merchant is using an API, each transaction is its own batch. Because of this reason sometimes the sales office doesn’t charge the batch fee as they are charging the $0.29 per item fee. 

iStream Application Process
  1. Reps will fill out the ACH Pre-Applicationt and complete.
  2. Once returned, Sales Support completes the iStream application within IRIS.
  3. The application is then sent to the merchant for signature.
CategoryDetails
Requirements
  • Voided check
  • Bank statements (minimum of 3 months)
Key Features
  • Integrates with Envoy Gateway (NMI)
  • Does NOT support payment links or e-invoicing
  • Settlement time: 2 business days

 

Key ACH Processing Options – Comparison Matrix
Option Description Best For Key Features
Integrated ACH ACH processing through software integration with existing third-party applications. Businesses embedding ACH into operational workflows. Seamless integration; automated processing; works within current systems.
Virtual Terminal ACH Merchant-facing interface for recurring or one-time ACH transactions, with optional credit card support. Merchants needing a quick, secure, browser-based processing tool. Supports ACH and credit cards; accessible via the iStream platform; recurring or one-time payments.
Back Office ACH ACH transactions initiated directly from the iStream Maximizer Platform. Admin and accounting teams needing centralized payment management. Choice of BOFD; easy back-office control; integrated reporting.
Hosted Payment Page Secure online payment page that allows customers to submit ACH payments. Businesses seeking a simple, customer-facing payment portal. Embeddable in a website; customizable branding; secure payment capture.
File-Based ACH High-volume ACH processing using batch file uploads. Large businesses with frequent or bulk transactions. Multiple file format support; payment splitting via the Sub-accounting platform.

Specialized ACH Features

ACH Delayed Clearing / Controlled Disbursements

Manage financial risk with customizable delayed disbursement options.
Configurations can be tailored to your specific business needs and adjusted as circumstances change.

Sub-Accounting / Split Settlement

Simplify complex payment handling with iStream’s Sub-accounting platform.
Easily manage initiation, acceptance, and disbursement of ACH payments, with integrated reporting and reconciliation tools for streamlined accounting.

ACH Receipt

Accept and process incoming ACH payments with flexible disbursement options.
Built to accommodate even the most complex payment acceptance requirements.

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