Insurance Companies

Insurance giant Metropolitan Life (MetLife) says:"We have made monthly Automated Bill Payment the preferred method for all customers who want to pay life insurance premiums more frequently than semi-annual. This is primarily because electronic payments are so much more cost efficient than other types of payments. For instance, each ACH collection we make is about 40 cents cheaper than sending out a bill and processing a paper check."

"Plus, with Automated Bill Payment, we receive funds in our corporate account about five to seven days sooner than if we send out a bill and wait for a check to come in. We know that the funds will be in our account on the payment due date - there's no mail or check-clearing"float." This improves our cash flow and cash forecasting abilities and gives us more certainty when planning corporate investments."

While Metlife considers lower costs and improved cash flow and forecasting key benefits, they don't hesitate when asked what is the biggest benefit Metlife enjoys from Automated Bill Payment. Account retention. "We see far fewer policy cancellations among our customers who pay electronically."

The reason for this is simple: Each time apolicy holder sits down and writes a check to pay an insurance premium, he must convince himself that he really wants to keep the policy. After all, life insurance coverage is not an essential for most people. In fact, it is often one of the first expenses trimmed from the budget when a policy holder finds himself in a financial bind.

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Internet Service Providers

Internet Service Providers can lower their recurring transaction fees and reduce their exposure to charge backs. They can also eliminate invoices or over due notices on accounts that pay by check. Inaddition, customers that prefer to sign up by phone can be offered the ability to pay by check using DirectBilling™ and VirtualTerminal™ . Late payments can also be processed by

DirectBilling™, VirtualTerminal™ .


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Janitorial Services

Do you spend a lot of time running down payments? Put yourself in control of your receivables by automating them. A simple one-page form that your customer signs can enable you to have your customer's receivables automatically debited from their bank account and electronically deposited into your account on the day that they are due. It doesn't matter if the amount changes each month, as we enable you to make adjustments with the push of a button. Your customers will appreciate not having to print out a check or worry about late payments.

DirectBilling™, VirtualTerminal™

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Karate Studios

Just as with healthclubs, account retention is important. Eliminate late payments, invoices and keep the customers you have by automating your receivables.

DirectBilling™, VirtualTerminal™

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Law Firms

Legal firms can utilize the ACH network in a number of ways. For award disbursements, you can use ACH credits (direct deposit payroll) to electronically transfer money to your clients.

Some firms may wish to use DirectBilling™ and VirtualTerminal™ as a method of collecting their fees by splitting up a large amount due into monthly payments, which are then automatically deducted on a monthly or quarterly basis, and electronically deposited into your account. This eliminates continuing invoices, late notices and most importantly solves a problem in a manner that your client can appreciate.

DirectBilling™ and VirtualTerminal™ can also be used to collect awards from companies or individuals who owe money to your clients. You control when the deductions are made, and for what amount. Your clients know that they will receive payment on-time, and therefore you receive your payment on time.

If your legal firm specializes in collections you can increase your rate of collection using DirectBilling™ and VirtualTerminal™ and ACH PhoneChecks to collect on late payments for your clients. Should your firm specialize in collection of NSF (bounced) checks, you need to read about DirectRecovery™ (internal) as a method of improving your collection rate and lowering the costs associated with traditional check collection methods.

DirectBilling™, VirtualTerminal™
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Lawn Care Services

Are you tired of "back tracking" to pick up payments from your customers? Don't do it! Simply put, you can have you rcustomer (residential or commercial) setup on automatic monthly, weekly or quarterly payments. Your customer account information is processed when you want it, and funds are withdrawn and deposited into your account automatically. No more running down a customer! Do you think they will appreciate it? You bet. This automation of receivables can be done "in house" by you.

DirectBilling™, VirtualTerminal™

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Leasing Companies

Eliminate late payments and reduce invoice costs by setting your customers up on automatic monthly payments. Using the Federal Reserves ACH network, your receivables show up on-time each month. All funds are electronically deposited into the account of your choice. You can also accept late payments over the phone in the form of a check using DirectBilling™ and VirtualTerminal™ . No more "the check is in themail".

DirectBilling™, VirtualTerminal™


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Maid Services

Put ACH electronic funds transfers to work for you. Tired of waiting for payments? Spending a lot of time running around collecting payments? Taking payments by credit card? Want better account retention? If you answered yes to any one of these questions, you need to gain an understanding of how the ACH network can benefit your company. Your customers can choose a convenient way to pay their bill with you by having it deducted automatically from their bank account each time it comes due. It doesn't matter whether the payment stays the same or changes each month. You receive your payments on-time, every time they are due. Health Clubs and InsuranceCompanies understand how powerful ACH payments can be when it comes to account retention. Your customer will not have the same decision to make each time they sit down to write a check for your service, "Do I really need this cleaning service?"

DirectBilling™, VirtualTerminal™

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Mail Order Companies

Catalog/Mail Order companies can benefit by offering customers the ability to pay by check over the phone. Reduce transaction fees, reduce exposure to charge backs and offer a friendly alternative for payment. NSF fee recovery can be an additional source of revenue.
DirectBilling™, VirtualTerminal™

For orders mailed in with paper checks, catalog companies can benefit by converting paper checks to electronic funds transfers through our DirectBilling™ system. Eliminate bank fees and deposit slips. Have funds deposited directly into an interest bearing account. No more trips to the bank.

DirectBilling™

If you receive a significant number of orders accompanied by paper checks, you can become more efficient in collecting NSF (bounced) checks by implementing an DirectRecovery™ program.

DirectRecovery™

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Marinas

Whether you operate a marina or a self storage facility for boats, we can provide you with an automated receivable system that will allow you to collect your monthly or quarterly rental fees on-time, when you want them. No discount fees like credit card payments! We can provide the service as an outsource , or you can perform the transactions internally.

DirectBilling™, VirtualTerminal™

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Medical Equipment Stores/Rental

Eliminate invoices and late payments by automating your receivables. When a customer chooses to rent equipment from you, you simply offer them the convenience of having their recurring rental payment automatically deducted from their bank account. Your receivables arrive on-time without having to invoice or make follow up phone calls.

DirectBilling™, VirtualTerminal™

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Mortgage Companies

Eliminate late payments, coupon books and invoices by enrolling your customers in our automated payment program. Yourr receivables arrive on-time, without having to invoice or make follow up phone calls.

DirectBilling™, VirtualTerminal™

For late payments, you can make available the option of accepting payment over the phone using DirectBilling™ and VirtualTerminal™ . No more"the check is in the mail." Eliminate continuing follow up calls and capture past due receivables faster.

DirectBilling™, VirtualTerminal™

Eliminate bank fees by converting all paper checks received by mail by utilizing our DirectBilling™ program. Improve efficiency, consolidate funds, eliminate deposit slips and bank runs, and gain an additional presentment for NSF's while collecting NSF fees.

DirectBilling™

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Multi-Level Marketing

Accept payments from members automatically, without the high costs of credit card transactions. Whether recurring transactions of the same or changing dollar amounts, DirectBilling™ and VirtualTerminal™ will enhance your receivable cash flow. The same system can be used for single bank transactions, allowing you to receive any payment by electronic funds transfer from your customers account, deposited electronically into the account of your choice.

DirectBilling™, VirtualTerminal™


What are your costs of printing and delivering commission checks? By utilizing direct payroll deposit you can electronically pay anyone inside, or outside your organization with the stroke of a keyboard. Eliminate postage, check printing, printer maintenance and reduce labor.

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Municipalities

Many entities within government offices receive paper checks as payment. Eliminate bank fees by converting all paper checks received by mail by utilizing our DirectBilling™ program. Improve efficiency, consolidate funds, eliminate deposit slips and bank runs, and gain an additional presentment for NSF's while collecting NSF fees.

DirectBilling™

If your department has problems with NSF(bounced) checks, you can reduce the costs, and increase the rate of recovery by implementing DirectRecovery™, while eliminating the high cost of a check guarantee service.

DirectRecovery™

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Musical Instrument Rental

Provide your customers with the convenience of automatic payments for their instrument rental. By offering automatic monthly payments you can increase your market audience and up-sell equipment, all while receiving all payments on-time and without the high cost of credit card acceptance.

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Neighborhood Associations

Make sure your association receives dues or assessments on-time. Eliminate late payments and invoices by enrolling your customers in an automated payment program. Your receivables arrive on-time, without having to invoice or make follow up phone calls.

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Newspapers

Whether your newspaper receives payments directly from subscribers, indirectly from carriers, or both, you can eliminate late payments and follow-up calls/notes. Increase subscription retention by offering your subscribers the convenience of automated payments. Your subscriber's payments are automatically debited monthly, quarterly or whatever time frame you choose.

DirectBilling™, VirtualTerminal™

Classified advertisement payments can be paid over the phone by check using DirectBilling™ and VirtualTerminal™ . All funds are electronically debited and deposited into your account, eliminating bank fees, "The checkis in the mail", and the high costs associated with credit card fees are also eliminated.

DirectBilling™, VirtualTerminal™

For subscribers who continue to mail paper checks to your central office, you can eliminate bank fees by converting all paper checks by utilizing our DirectBilling™ program. Improve efficiency, consolidate funds, eliminate deposit slips and bank runs and gain an additional presentment for NSF's while collecting NSF fees.

DirectBilling™


If your newspaper has a problem with NSF(bounced) checks, you can improve your efficiency of collection by usingDirectRecovery™.

DirectRecovery™

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Non-Profit Organizations

If your organization participates in fund raising activities, we have two helpful services for you which can give you the ability to accept check payments over the phone, reducing transaction fees associated with credit card transactions. Acceptance of check payment by phone also provides you with a greater available market, as there are twice as many checking account holders than credit card holders. Donations, fees or dues can also be spread out over any given time period and collected automatically monthly or quarterly using the ACH system.

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Orthodontists

Your office can convert paper checks to electronic funds transfers. Eliminate deposit slips, trips to the bank, lost checks and bank fees. Verification is included.

DirectRecovery™

For those non reimbursed procedures such as braces, or for patients without insurance, you can provide them with a simple and easy to understand finance alternative. Patients are enrolled in an automated payment plan (you decide the terms), and the associated fees are split up and deposited into your account automatically. We can set your office up to perform the transactions.

DirectBilling™, VirtualTerminal™


If you have problems in your office with returned NSF checks, please read about DirectRecovery™.

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