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
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
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
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
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 PMX
✔ 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!