Automated Clearing House (ACH) Authorization

Openpath Security, Inc. is pleased to offer electronic ACH (Automated Clearing House) payments to you, our reseller partners for revenue share payments. ACH payments provide an alternative to paper checks, affording you the following advantages:

  • Better cash management forecasting – accelerated funds availability – certainty of delivery

  • Establishment of excellent payment and credit reports

  • Reduced operating costs through the elimination of paper check handling and check depositing

  • Eliminating the possibility of stolen checks; stop payment charges and check reissue costs

  • Reduction of bank service charges and check fraud

  • Being part of “Going Green” by reducing paper

Enrolling means payment will deposit into your bank account the day due, eliminating use of paper checks and mail delays. Remittance detail notifying you of an upcoming payment can be provided via e-mail, if you select this option.

This is to notify Openpath Security, Inc. (herein called Openpath) of enrollment or change in EFT/ACH banking instructions for the Company (name stated below) herein referred to as Company. Openpath desires the flexibility to make payments for such goods and/or services by electronic funds transfers through the Automated Clearing House (ACH) system, and Company agrees to grant such flexibility. Therefore Company (1) authorizes Openpath to make payment for goods and services by ACH, (2) certifies that it has selected the following depository institution, and (3) directs that all such electronic funds transfers will be made via the ACH CTX transaction format. In the event of any duplicate payment, overpayment, fraudulent payment or payment made in error, the receiving party will immediately return such payment upon confirming the occurrence of any of the foregoing.

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