This is used for recurring payments to a business. This can be used to collect club dues, rent, utility, insurance, and mortgage payments. Funds are made available immediately upon deposit. Receiving fewer return items. Enhancing customer retention.
Direct payments means no writing checks to pay bills, no stamps to buy for mailing payments.
Payments are never late, because the timing of direct payments is set up in advance. On-time payments help create and maintain a good credit history. Only transactions a customer authorizes in writing can be debited from their account. Cash Concentration Cash concentration allows a business to consolidate funds to a central account from the business' branches or stores quickly and more cost effectively. This application eliminates costly wire transfers and check transfers improving a business' total cash management.