Citation i-Remit

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. Payment Exchange in CITATION™ i-Remit converts those bank-issued checks to consolidated, electronic ACH payments.

✔ Reduces paper 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

**See how CITATION™ i-Remit PMX Works for Your Financial Institution**

Simple Set-up & Easy Operation

The Markets for
Payment Exchange

Billers who accept a high volume of paper checks and benefit the most from CITATION™ i-Remit PMX

✔ Municipalities

✔ Home Owners Associations

✔ Property Management

✔ Insurance

✔ Utilities

✔ Cable & internet providers

✔ Pest control

✔ Landscape maintenance

✔ Financial institutions - loan payments

✔ Any other subscription based provider

✔ 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: Bill pay originators convert bill pay payments 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