|
- Electronic Receivables Collections -
Helping businesses, banks and financial institutions
with a method
by which to expedite the receipt of funds
at the speed of light.
|
|
|
|
EFT vs. Paper Drafts
Collect the money or close the sale NOW. Don't wait for The checks in the mail.
Save your client the expense, time and trouble of over nighting or mailing a check.
If you are now taking paper drafts over the phone, the conversion from paper drafts requires no changes in how your staff acquires the debtors banking information. We furnish a printed form or a Web Link. This procedure will even be simpler.
The benefits are:
|
|
|
|
1. Greater success rate on EFT transactions than with paper drafts by approximately 33%. Most banks process EFT transactions the first thing when they come in, in the morning and then process the paper transactions the rest of the day.
2. Return information (NSF or Account Closed, etc) in 2-4 days instead of 10-14 days means better service to your clients.
3. Auto upload to us in any format. Returned in the same format for auto posting.
4. No more $3.00 to $10.00 fees from your bank for returns.
5. Easy reconciliation because return information is sent back batch for batch. We do not mix information from different batches in our reports.
6. No more deposit slips to fill out.
7. No more paper checks to buy, print and file.
8. No more trips to the bank.
|
|
|
|
|
|
|
