ELECTRONIC PAYMENT SYSTEM
Lake City Federal Bank has partnered with Magic-Wrighter Inc. to provide you with a flexible and efficient Electronic Payment System which includes:
Pre-authorized Payment System: You can create an ACH file to automatically take the payment from your customer's account. The payments clear your account and the customer's account fast. Your deposit is posted the same day payments are made.
Employee Payroll Direct Deposit: Direct deposit of your employee's earnings is less expensive for you, and more convenient for them, than producing paper payroll checks.
Child Support Payments: Electronic child support payments are less time consuming and less expensive than preparing and mailing checks to each court ordered jurisdiction. Other garnishment or deduction payments can also be paid with this system.
Check Re-Presentment: Allows you to re-present NSF checks electronically. You are even permitted to collect imposed NSF bank fees from the customer electronically.
These are only a few of the ways our Electronic Payment System can make your job more efficient while you provide your employees and customers better service.
MERCHANT CARD PROGRAM
Lake City Federal Bank has partnered with First Data Corporation to provide businesses with a cost effective and efficient credit / debit card payment service. First Data is a leader in the card processing industry and their services include:- Point of sale equipment and support
- Sponsorship into all credit card associations
- Front-end credit transaction authorization and data capture
- Credit transaction settlement and funds movement
- Online access and reporting
- Gift card programs
- IDLogix identification card verification
- Check verification and warranty
Contact our Electronic Banking area for more information.
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