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Automatic Payment supports the payment of bills via credit card, automatic bank transaction, or a third party collector. An Automatic Payment is the electronic transfer of an authorized payment from a consumer’s credit card, checking account, or savings account into the account of a biller, financing or investment company, or nonprofit organization.

A third party payment is one which is collected on your behalf at a location such as a neighborhood bank. Many providers of this type of collection system, often referred to as a lock box, have the ability to provide an electronic file detailing the payments received. This module is capable of reading such files and automatically loading the information into FlexiBill.

Features

  • Payment Processing is reliable, accurate, on time and confidential.
  • Direct Payment reduces late payment fees.
  • Improves cash flow, saves time, and enhances customer service
  • Ability to view automatic payment account information from the ‘Account Screen’ in FlexiBill.
  • Offering multiple payment locations via a lock box reduces the number of delinquent accounts.
  • Eliminates the need to manually enter a large number of payments.
  • 43% of all U.S. households use Automatic Payment for at least one recurring payment (according to NACHA) and 84% of consumers who use it say they are very satisfied
  • Saves companies and non-profits an average of 11.5 cents per payment (versus checks) in reduced processing costs and paperwork. Payment processing is accelerated.

Other Applications

The following applications are designed to work hand-in-hand with Automatic Payment:

"Automatic Payment" is part of the Spectrum line of products, developed by Harris Computer Systems.

Related Products

The following software product lines are also offered by Harris Computer Systems: