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AUTOMATE YOUR
RECEIVABLES, IMPROVE
Every day, companies across the country are realizing the benefits of automated payments. There are two ways of automating your payments. Your representative can help you choose the method that is best for you and the needs of your business. Your Instant Cash Flow System. American Bank Draft Systems Automated Payments uses "Pre-Authorized Checking" to insure that all monthly payments are received on time. Instead of wondering when, or if, you are going to receive payment, you get a pre-authorized check on time each month for every customer on the program. You simply take the pre-authorized checks to your bank and deposit them like normal checks. To enroll a customer, a simple single-page release form is completed and sent to our processing center. Electronic Payments. For larger clients, payments can be processed through the ACH (Automated Clearing House) system. Our ACH processing center can bring the future of transacting to your business today! With proper authorization, you can collect money from your customers in two banking days, no matter where they bank in the United States (given funds availability). Most business order-entry software can provide the information needed to "originate" an electronic payment. Your data will be converted to the required format, and our processing center will serve as your gateway to the Federal Reserve Banking System.
Andrew Grove These systems also include the use of American Bank Draft Systems Electronic Check Recovery. If a check or pre-authorized payment is returned for non-sufficient funds, Electronic Check Recovery will automatically re-submit your checks electronically. Not only does this service save you time and money, it saves you and your customers the embarrassment of collecting the NSF items. Meeting the Needs of Your Business Given your specific needs, we can help you determine which method of Automated Payments is best for you. Our payment systems are designed to meet your individual business requirements for speed, ease of use, customer service and administrative efficiency. Let us show you how you can benefit from electronic payment technology. What are the Advantages of Electronic Payments?
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Even
with the best intentions, some of your customers will have difficulty
making every monthly payment to your office on time. You can continue to
spend a small fortune on sophisticated billing and collection systems,
or you can switch to one of the fastest growing methods for receiving
monthly payments.