Transfers
Leveraging Plaid Transfer, the most secure and robust solution for ACH, RTP, and FedNow payments, this platform enables fast, compliant, and fraud-resistant money transfers. Users can instantly connect accounts, verify ownership, and initiate reliable, real-time transactions.
The Admin Dashboard allows administrators to request payments from customers, manage transfer statuses, and view detailed transaction history. It’s a seamless solution for handling payment operations with transparency and ease.
Deliverables
This offer includes the following deliverables listed below.
- Landing Page: Serving as the starting point for the application, and provides a brief overview of the platform and its purpose.
- Plaid Link Integration: The platform offers a secure, seamless way for clients to connect their bank accounts and initiate ACH transfers within minutes. It leverages Plaid Link and Transfer to simplify the connection and payment process.
- Admin Dashboard: Allows administrators to request payments, manage transfer records, and monitor transactions. It includes tools for tracking payment statuses, initiating refunds, managing accounts, and flagging suspicious activities. The dashboard also supports data export to Excel and CSV for easy reporting.
- Compliance Reporting: Generates compliance documents and audit trails for ACH, RTP, and FedNow transactions. Administrators can easily create detailed logs of payment activities, supporting regulatory requirements and internal audits.
- Email Notifications: Automated emails are sent to users requesting payments. Administrators receive alerts for processed, failed, or refunded payments.
Benefits
Humble Devs offers a number of benefits with every implementation.
Free of charge 2 months of project maintenance — Maintenance after project completion, including support, fixes, improvements and minor feature implementations.
Security and daily backups — Financial data will be securely stored in an encrypted PostgreSQL database on AWS, with daily backups (we can store backups on AWS S3 for additional safety).
Documentation and training — We maintain a very detailed documentation throughout the project development. The documentation would provide instructions for running and building the project locally as well as deploying and publishing changes to the production server.
Optional Features
The following features can be added to the platform at an additional cost.
- E-commerce Platform Integration: Integrate with platforms like Shopify and WooCommerce to enable ACH transfer payments, offering customers additional, cost-effective payment options typically unavailable on these platforms.
- CRM Integration: Integrate with CRM systems like QuickBooks, Salesforce, and Zoho to seamlessly push financial data and transfer details for bookkeeping.
- Summary Reports: Weekly, monthly and yearly summary reports sent to administrators via email with a detailed breakdown of bank account balances and transfer activity.
- Add Plaid Products: Leverage other Plaid products like Identity Verification to ensure KYC compliance and verify account ownership with information on file with the financial institution.
- Custom Development: Request custom development to add features and functionalities that are not part of the standard platform, according to your specific requirements.
- SEO Optimization: Enhance platform visibility in search engines, increasing the quality and quantity of traffic.