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CHECK 21
AUTOMATED RECURRING PAYMENTS
DESCRIPTION:
EFC’s easy-to-use Automated Recurring Payments replaces the traditional method of billing and collection by offering your customers flexible payment options to pay a debt, utilizing regularly scheduled recurring payments, which are debited from their customer’s bank account.
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Additional Information
Click on the links below to Learn More...
* BENEFITS
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- Schedule payments one time, weekly, monthly, quarterly, bi-annual, or annual.
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- Complimentary use of our software without the need to purchase additional equipment.
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- 24/7 access to your acount via our secure website.
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- Seamlessly upload detailed paid data file to your accounts receivable system.
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- User-friendly interface, requiring only internet access.
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- Returned transactions easily re-submitted for payment.
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* HOW DO AUTOMATED PAYMENTS WORK?
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1. Payment schedule is set up in the Automated Payment System.
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2. Payments are debited on a one-time, weekly, bi-weekly, monthly, bi-monthly, annual or bi-annual schedule.
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3. Funds are debited from consumer’s account as per the payment schedule.
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4. Funds are transmitted into the client’s account after funds have cleared.
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5. Non-paid transactions are reported to merchant via our secure website.
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