Electronic Bill Payments Consolidation
In today’s payment landscape, checks are slowly declining and online bill payments are on the rise. These are payments that are generated from consumers going to their bank’s website and utilizing Bill Payment features. We have the ability to consolidate bills from the leading providers. An ACH electronic deposit is made to our client’s bank account. We then provide an electronic posting file that is consolidated with other payment types or can be sent singularly. We know the volume of these types of payments are causing exception transactions and are putting a strain on the resources of our clients. With this process, your customers’ payments will be processed more efficiently, allowing quicker access to funds and improved customer service. It also helps to eliminate the need for exception processing. Our commitment to you is understanding the importance of payment automation and applying these features along with other advanced services to provide you the highest quality remittance processing.
How can you benefit from electronic payment automation?
- Automation of remittance processing – all remittance items are received electronically, so there is no paper processing involved
- Electronic file created for posting
- Faster funds availability = Improved cash flow
- Funds are deposited directly into your business account through ACH
- Inclusion of payment information for automatic uploads to your accounts receivable system
- Improved customer service
- Decrease in operational costs and accounting overhead
