CHECK-BY-PHONE

This is the fastest growing form of bill payment in the nation, be on the forefront of this payment revolution. This is a Web-based service that allows you as the merchant to charge recurring payments to your customer's bank account via ACH, via credit card or via debit card in set intervals. You define the amount and number of payments. This service saves time and money in paper handling and postage.

When you obtain authorization to deduct funds automatically from your customers' bank or savings accounts each month as payment for a bill, those charges can be collected via ACH. This reduces the costs associated with creating and mailing statements, awaiting the receipt of payments and depositing the paper items. Your corporate cash management is optimized as customer debits are scheduled and the payment collection dates known.

Items received by your customer's bank electronically are processed before paper items are, thus your risk of NSF returns is reduced. In the event of an NSF return, you are notified faster and the return charges are lower than paper items. For membership type businesses, instead of your customers forgetting to make payments, they may forget to cancel their authorization to debit extending the life of the relationship automatically.

Your Company Image

Image may not be everything, but it doesn't hurt. With automatic debits, you project the image that the major companies have by offering this billing option to their customers. Your company name appears on the customer's bank statements.