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