• Web Services: Integrate software applications for secure transmission of transaction data for clearing, settlement and posting into the iStream system using web services over SSL (Secure Socket Layer).
• x9.37 File Processing: Provide iStream with an X9.37 file format for clearing and settlement to your bank(s) via our partner institutions and clearing channels. The data is posted for easy search capabilities, reference to data and on demand reporting in the iStream system.
• ACH File Processing: Provide iStream with the file and we can originate ACH debits and credits clearing through the Federal Reserve. The data is posted for easy search capabilities, reference to data and on demand reporting in the iStream system.
• Team of Developers: Unlike other providers, this solution was developed by iStream. That gives you the flexibility and freedom to make changes as necessary.
• Platform Scalable and Flexible: We are working with new technology and are not reliant on legacy systems. We constantly develop and work with the future in mind.
• Payment Processing Experience: Although iStream is less than a decade old, we’ve been working in payment processing for multiple decades. Our team of developers has built from scratch, as well as worked to implement changes with legacy style systems as well. 
• File and Data Feed Experience: Since inception, iStream has been doing custom file development for users and financial institutions of all size.
• FDIC Compliant, Secure SAS70 Solution: iStream complies with FDIC security standards and is audited regularly. Additionally iStream has a SAS70 certification that is reviewed annually. All information moves via 128 bit triple DES secure Socket Layer encryption to our offsite data center.

 

1. Quick to Move: Our average project turn around time is weeks, not months or years for that matter.  Tired of waiting for bug fixes, new products or other releases taking years?  We understand.  It’s our goal to perform all the steps and prepare your request so that we can move quickly to get it done. Not to mention the design of our technology and infrastructure enable us to move quickly.
2. Ability to Work with Third Party Vendors: Instead of manual posting and entry into your custom implemented or proprietary systems, why not just get a data feed from iStream via an SFTP site. 
3. Leverage our Resources: In this day and age, resources are hard to come by. Hire our experts to work back with your existing team to create more efficiencies will prove to be beneficial to your organization.
4. Simplify Payment Reconciliations: Eliminate duplicate posting entries and posting errors by downloading deposit batch files already reconciled through iStream Deposit™ into your existing accounting system.
5. Eliminate Hard and Soft Costs: Cut unnecessary courier, lockbox or other employee costs associated to check deposits. iStream Deposit™  gives you the control to reduce your costs beyond a transaction fee.

Does iStream Financial Services have a SAS70?

• Yes, iStream has completed the SAS70 and will go through annual evaluations to stay current.

How often can I connect via Web services?

• As often as you like but we recommend no more than twice an hour

Can I request information via Web services?

• No you can only post information and receive acknowledgments back.

What is my cutoff to make deposits?

• Generally 8 PM CST. However, if the clearing bank has a different cutoff it will affect the end-users cutoff.

What ACH Standard Entry Class Codes do you support?

• ARC, CCD, PPD, WEB, TEL, POP, BOC

What is my funds availability?

• That is a determination based on the credit and risk underwriting of your activity.

Do you have an API that I can use to send you ACH transactions?

• Yes, we leverage the NACHA format for transmission of transactions to us as well as Web services over SSL encryption.

What makes your system better?

• The system is entirely built in house. Any customizations requested can be scheduled directly with us. There is no dependence on a third party. This system is also on the same platform as the RDC solution and Risk Monitoring. No more silos.

This product has no formal requirements