How we help Financial Institutions

While stored-value-account services may not be new, our approach to the concept is definitely original. eDeposit’s patented technology allows your retail and business customers to create stored-value accounts for use in a variety of transactions — all while retaining their deposits in your institution. Your customers can use eDeposit for online auctions, one-to-one online purchases, security deposits and downpayments. Businesses can use eDeposit’s as special purpose accounts when engaged in financial transactions that require a downpayment/deposit, payment on delivery or special handling due to size. Our exclusive platform for handling two-party transactions offers both consumers and merchants an ideal, secure payment method. Below are several ways customers can employ eDeposit through your bank, all of which increase brand loyalty, expand service offerings and enhance customer satisfaction.

securePAYMENT transactions

securePAYMENT transactions give both consumers and businesses the confidence to safely engage in transactions involving online purchases, auction sites or online classifieds. Also ideal for instances of secure payments on delivery (SPOD)SM.

securePAYMENT transactions accomplish the following for buyers and sellers:

  • Guarantee payment by removing the risk of buyers or renters reversing or rescinding payment.
  • Provide buyers with a payment alternative that does not require exchanging private financial information.

secureBID transactions

secureBID transactions assure sellers that anyone bidding in an online auction can and, most importantly, will make payment when the auction concludes and items have been delivered successfully.

secureBID transactions accomplish the following:

  • Protect your business customers engaged in auctioning valuable items by assuring that bidders are qualified prior to their auction.
  • Help them with many of the reporting and deposit handling chores, eliminating the need to collect auction minimums ahead of time and disburse them to all but the auction winner later.

secureCOD transactions

secureCOD transactions give both consumers and businesses peace of mind when engaging in transactions requiring payment on delivery.

secureCOD transactions accomplish the following:

  • Create safer working conditions for delivery drivers by doing away with the responsibility of accepting, securing and handling payments.
  • Provide buyers with value-added convenience by saving them the trouble of having someone present at delivery to make payment.

securePACT transactions

securePACT transactions provide consumers and businesses with the added security and flexibility to engage in transactions that require a deposit or downpayment, such as rental deposits, real-estate purchases, capital equipment purchases and more.

securePACT transactions accomplish the following:

  • Reduce or eliminate the need and expense of using real estate agents, attorneys or title companies to hold, distribute or account for downpayments or security deposits.
  • Safeguard funds in interest-bearing, FDIC insured accounts until an agreement has been reached between parties to release funds.
    Automate many of the processes for creating special-purpose accounts and reporting account activity.