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Alarm
Companies can reduce their receivable costs, improve customer retention
and eliminate late monthly payments by utilizing the ACH network. Apartment/Property
Management companies can eliminate late rental payments, eliminate late
notices and follow up phone calls by instituting an automated rent payment
program. This can be done electronically via the ACH network, or paper
based. Additionally,
many property management companies have problems with NSF checks. Eliminate
bank fees and all the other hassles of check recovery by utilizing Electronic
Check Recovery. All types of associations can benefit from the ACH network. Membership dues can be collected automatically and received when you want them (on-time). Product purchase or assessments fees can be added to the recurring membership fees or transmitted in a separate batch any time you deem appropriate. If
your association participates in fund raising activities, the inclusion
of ACH debits gives your organization the ability to receive donations
over the phone in the form of a check transaction, while never having
to wait for the "check that is in the mail". This gives you
a greater audience from which to generate revenue from, at a cost that
is much less than a credit card transaction. Auto dealers typically spend tens of thousands of dollars per year on check guarantee services. There is a better answer: Contact us about a proprietary Electronic Funds Transfer interface that allows you to eliminate the high cost of check guarantee services. Whether
a Marina or a self storage facility for boats, we can provide you with
an automated receivable system that will allow you to collect your monthly
or quarterly rental fees on-time, when you want them. No discount fees
like credit card payments! We can provide this service for you, or you
can perform the transactions internally. Bottled Water Rental Companies Whether
your customers are businesses, residential consumers, or both, you can
automate your receivables by offering an automatic payment option to
your customers. You get paid on-time, and your customer does not have
to think about whether they really need the service or not each time
they sit down to write a check to you for your service. Retention is
critical. Why do you think health clubs offer automated payments? Cable
TV companies can eliminate invoices and late payment hassles by offering
automated payments. Eliminate service interruptions, and improve customer
retention with ACH/EFT recurring payments. Companies
that continue to process paper checks traditionally can reduce bank
fees, improve NSF collection and create additional revenue by instituting
an RCK check recovery system. If
you are looking for a way to accept payments over the phone, without
the high cost of credit card fees, our ACH phone checks may be the solution
for which you are looking for. Catalog/Mail
Order companies can benefit by offering customers the ability to pay
by check over the phone. Reduce transaction fees, reduce exposure to
charge backs and eliminate buyers remorse by offering this friendly
alternative for payment. NSF fee recovery can be an additional source
of revenue. If
you receive a significant number of orders paid by paper check, you
can become more efficient in collecting NSF (bounced) checks by implementing
the electronic check recovery system. Eliminate
the hassles of accepting paper checks at the point of sale by utilizing
Electronic Check Conversion. You choose the verification method and
the recovery method. Eliminate bank fees, consolidate funds and reduce
transactions costs. Carpet
Cleaning Companies often receive their payments in the form of paper
checks. With that, the occurrence of bounced checks is likely. Automate
the collection of NSF checks by utilizing our Electronic Check Recovery
(RCK). It costs you nothing! Whether
your clients pay weekly, monthly or quarterly, you can automate your
tuition receivables by utilizing one of our automated payment methods.
No more reminder notices or phone calls to parents. Tuition payments
are in your bank account on-time, when you want them. You can also eliminate
invoices, bank fees and trips to the bank. Your
office can convert paper checks to electronic items. Eliminate deposit
slips, trips to the bank, lost checks and bank fees. Verification is
included. For
your patients who are recurring customers, you can offer them with the
convenience of automatic monthly bank withdrawals. Improves customer
retention, as they don't have to think about the associated fees each
time they would write a check. Churches
can significantly increase tithe and offering income by instituting
an automated receivable system. Offerings are received weekly or monthly,
whether the church member attends church or not. Provides church members
a convenient, automatic method to contribute. Collection
Agencies There
are not many convenience stores that do not receive bounced checks.
Don't pay for a check guarantee service. By utilizing Electronic Check
Recovery you can recover NSF checks at no cost. It might even become
a source of additional revenue. Whether a small individual operator,
or a large multi store corporation, we have a solution to fit your needs.
Large chains may wish to process NSF's internally, while small operators
are provided with the convenience of an outsource solution. By
utilizing the ACH network, your club can enjoy receivables due from
members deposited into your account on-time each month. Automated receivables
can include monthly membership fees, food and beverage receivables,
pro-shop purchases, cart rentals, and more. You can still invoice should
you wish, we simply eliminate the wait for payment and any late payment
related phone calls. Your members will enjoy not having to take the
time to write the check and mail it. Members will still have proof of
payment by means of their bank account statement. Additionally, the
same system can be used to make payments to vendors or be used for direct
deposit payroll. Your office can convert paper checks to
electronic items. Eliminate deposit slips, trips to the bank, lost checks
and bank fees. Verification is included. For those non reimbursed procedures, or
for patients without dental insurance, you can provide them with a simple
and easy to understand finance alternative. Patients are enrolled in
an automated payment plan (you decide the terms), and the associated
fees are split up and deposited into your account automatically. We
can provide this as a service bureau, or set your office up to perform
the transactions. If you have problems in your office with
returned NSF checks, please read about Electronic Check Recovery. For those non reimbursed procedures, or
for patients without medical insurance, you can provide them with a
simple and easy to understand finance alternative. Patients are enrolled
in an automated payment plan (you decide the terms), and the medical
costs are split up and deposited into your account automatically. We
can provide this as a service bureau, or set your office up to perform
the transactions.
For outstanding patient receivables, you
may wish to utilize ACH Phone Checks to capture funds electronically
from your patients bank account. Your office can convert paper checks to
electronic funds transfers. Eliminate deposit slips, trips to the bank,
lost checks and bank fees. Verification is included. Individual Chapters National Fraternal Operations Automate your receivables by using the
ACH network. Your customer rental payments are electronically deposited
into your bank account, on-time, weekly or monthly with the push of
a button. Advanced re-submittal options included. Eliminate high credit
card fees, invoices and late payments. For those customers who continue to pay
by traditional paper checks, you may wish to institute an Electronic
Check Recovery program, thereby reducing NSF checks and their associated
bank fees. Many health clubs already realize how important automated monthly dues are to their organization. Account retention is the single most important factor, followed closely by cost of receivables. By automating receivables, your customers are not subject to writing a check each month, giving them an opportunity to make the decision "do I really need this membership." By automating your receivables, you can make this a passive decision for them. Health clubs rely on large numbers of customers,
who if paid by traditional invoice-remittance methods would have huge
outstanding receivable problems. Automation via the ACH network allows
your organization to receive ALL payments on-time.
Collection of patient responsibilities
is a major issue for all health care providers, whether a hospital or
HMO. Before you give up a percentage of your receivables due by turning
them over to traditional collection agencies, consider implementing
an automated receivable system. Patient repayment can be scheduled on
a mutually acceptable basis. The system then automatically deducts the
arranged amount from the patients bank account, and electronically deposits
the funds to the account of your choice. Should the payment amount to
a one-time deduction you would also be able to capture funds via ACH
Phone Checks. You can even arrange to collect your lab fees and other
monies due from doctors offices using the ACH system. If your hospital has a problem with acceptance
of paper checks returned from NSF, read about Electronic Check Recovery. The conversion of paper checks at the point
of sale may also be an option you wish to explore. Eliminate deposit
slips, trips to the bank, lost checks and bank fees. Verification is
included. |