Online bill payment enables consumers to initiate payments to virtually any biller from their financial institution’s home banking Web site. In order to receive payments electronically, institutions must be connected to the home banking service providers. These service providers or Originators range from large Payment Processors, Walk-in Payment locations and financial institutions that transmit millions of payments daily from mid to small range organizations.
Total ePay has partnered with the leading home banking electronic payment switch to provide our customers greater value to receive these payments through our connection point. Our customers will reap the benefits of receiving payments faster thereby increasing cash flow, eliminate the need to manage multiple electronic payment connections and reduce operating cost.
As the check remittances continue to decrease you now have the ability to take advantage of the efficiencies of receiving electronic payments. Our platform provides additional efficiencies including the ability to provide edit checks ensuring our customers receive accurate payments that can be posted to their Accounts Receivable system. This will minimize returns and provide increase transparency between you and your customers.
Consider the Total ePay eLockbox product your partner as a single connection point to increase your electronic payments.