Paper Bill Pay checks converted to
ACH-Automated Payment Exchange
Each day millions of payments are made by paper check through online banking and other bill payment websites. Often the payment provider is unable to send funds digitally, and it issues a paper check to the biller. Bill Pay Payment Exchange in CITATION™ i-Remit converts those bank-issued checks to consolidated, electronic ACH payments.
✔ Reduces paper bill pay check volume up to 95%!
✔ Bank-originated checks delivered as streamlined electronic payments
✔ Eliminates the need to research the same individual payment each month
✔ Assures error-free posting
✔ Electronic & paper payment data consolidated into one automated A/R file
Simple Set-up & Easy Operation
Registration
TMR registers clients with all of the top electronic Bill Pay providers.
Assignment
Individual payments are mapped one time - eliminates need to research an individual’s payment each month
Conversion
TMR’s Bill Pay exchange converts Bill Pay payments by check from paper to electronic - significantly improving workflow while reducing expenses
Pre-Processing
Payment data is imported into CITATION™
i-Remit for automated entry and validation - lowering operational expenses and saving valuable staff time
Automated settlement
Assigned transactions are settled daily via a lump-sum ACH credit posted directly to your clients’ accounts
Consolidated Daily Reporting
All payment data is integrated with lockbox, card and direct payments for delivery to your clients’ A/R program
The Markets
for Payment Exchange
✔ Property Management
✔ Pest Control
✔ Landscape Maintenance
✔ Insurance
✔ Any Other Subscription Based Provider
Billers who accept a high volume of paper checks and benefit the most from CITATION™ i-Remit with Bill Pay Automation!
✔ Municipalities
✔ Home Owners Associations
✔ Cable & Internet Providers
✔ Financial Institutions — Loan Payments
✔ Utilities
Ongoing Marketing & Sales Support!
TMR's exclusive Business Builder™ service WILL help you win and implement each prospective client!
See why CITATION™ i-Remit is the right solution.
Get a demonstration of how CITATION™ i-Remit will work for your bank!