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Electronic Payments

By: Pat A. McDavitt

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• Article Title: Electronic Payments
• Author: Pat A. McDavitt.
• Word Count: 551
• Article URL: http://www.cashflownow.org/electronicpayments1.htm

Article Start:
Electronic Payments

Electronic payments can automate your receivables, improve your cash flow and save you time and money…
The future is here: Everyday companies across America are realizing the benefits of electronic payments being processed each year through the ACH (Automated Clearing House) System. Since 1974 this nationwide network has provided business and government agencies with a fast, inexpensive way to move money.
ACH processing centers (using an Internet software platform) can bring the future of transacting electronic payments to your business today!
With proper authorization, you can collect money (electronic payments) from your customers in one banking day, no matter where they bank in the United States (given funds availability). Gone forever are the days of manually processing payments. No longer will you wait for a check in the mail. No more printing or processing paper items. No time, money or administrative energy spent on doing things the “old way.” And, no more excuses for late payments.
No additional software is required. Internet based software platforms can handle your electronic payments without tying up ANY of your valuable computer space! Using Internet software based platforms; your electronic payments will be automatically processed in the required ACH format and serve as your gateway to the Federal Reserve Banking System.
Virtually any business can benefit from electronic payments, including health clubs, home security companies, internet service providers, leasing companies, insurance companies, and merchants on the Internet, wholesale distributors, catalog companies, collection agencies, phone companies, city utilities and many others. Your company is no exception. You too, can benefit from electronic payments technology.
What are the advantages of electronic payments?
Timely funds settlement
Less expensive than mailing invoices
Streamlines your billing department
Built-in recovery for nsf items
No cost for nsf checks
Reliable cash flow
Internet electronic payments solution
Ability to take checks over the phone
Direct payroll deposit
No cost for special equipment
No long-term contract to sign
No customer is too small
Imagine a future where all electronic payments will be automated…Companies will simply collect the money owed to them by electronically debiting their customer’s bank account…Welcome to the future of electronic payments…
Article End

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C. J. & Tuck Consulting, LLC owns and operates www.cashflownow.org. We specialize in Electronic Payment Processing Services and offer a complete package of electronic payment processing solutions. For more information, contact: Pat A. McDavitt, Author and Sole Manager of C. J. & Tuck Consulting, LLC Telephone: 512-837-1358 Fax: 512-837-0345

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