Funds Corp. a processor of electronic funds transfer transactions, released software that allows customers to generate automated clearing house transactions. The software, called Win-EFT, enables customers to conduct such activities as automatic deposits of preauthorized payments, automatic payroll deposits, and cash consolidation.
In addition to offering the software directly to customer, E-Funds Corp. will help set up a program to provide small and midsize banks with clearling house processing capabilities and the rights to market the software to their customers. This will provide income from direct product sales as well as tranaction fee income. E-Funds Corp. is based in Tustin, Ca.