The Direct Electronic Funds Transfer progam (DEFT) creates a file for submission to the bank over the phone line or the internet (as set up with your financial institution). This file of member ID, bank account, amount and cross reference data  will cause the withdrawal of funds from the members' accounts and deposit them into your account. Withdrawal from the member's bank account can be start or middle of month, date ranges for this action to occur can be pre-set, and the file can be created up to 10 days before the withdrawal is to occur. We are performing this action with a number of banks and yours can be added quite easily if not already one of those.

Some of the financial institutions have their own communications program. For these situations, the DEFT program creates a file suitable for import into their program. It eliminates the constant editing within their submission program. A new list, of everyone and their current charges, is produced each billing period from  ClubTrak. Import it into the transmission program and send it ... that's how easy it is! The submissions are archived and the amounts are recorded against each member in a transaction history log Later, you run a payment process to counter-balance the charge, once the funds transfer acknowledgement is received from the bank. For those persons where the funds cannot be transferred,  ClubTrak permits the charging of an NSF fee and then rebilling only those by a resubmit.

 ClubTrak can print a statement on any member showing these billed and transferred amounts.

Marketing: rpeterman@sportsbeatsystems.com