Efficient Payment and Remittance Processing
Electronic Remittance from Fiserv delivers the financial value of a carefully managed inbound remittance process that provides faster access to your funds, reduces the costs associated with processing paper checks and helps to lower returns and claims associated with paper payments.
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Value of Electronic Remittance Versus Paper Checks
- Reduce processing costs with automated payment posting
- Receive funds three days earlier than paper checks
- Experience 4 – 5 times lower claim rates
- Maximize payment speed by verifying and updating customer account numbers and remit data
- Aggregate payments based on your requirements
- 24 X 7 Technical Assistance (CTAC)
- Increase customer satisfaction with faster posting of funds
- Enable future EBP growth (e-bill distribution, direct send, emergency payments)
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Each month, Fiserv processes billions of transactions representing trillions of dollars across thousands of payment touch points. By managing bill payment activity and files from thousands of payment sites, Fiserv creates an efficient remittance infrastructure that simplifies payment activities with the highest level of accuracy and timeliness.
Download Remittance for Small and Medium-Sized Businesses
Fiserv also offers a downloadable remittance solution that enables small and medium-sized merchants to receive secure electronic ACH deposits directly into their company’s bank account and manage remittances that originate from within the Fiserv network of financial institutions.
> To learn more, call 800.480.0974 or visit www.uhavemoney.com
Electronic Remittance for Merchants and Individuals
If you or your business currently receives paper checks processed by Fiserv, you can begin receiving the funds electronically using direct deposit into the bank account of your choice. Electronic remittance allows individuals and merchants to have quicker access to these funds and enables them to use their existing bank account to establish the connection. And all transactions are guaranteed by Fiserv, the leading provider of financial electronic commerce services, software and products.
> To learn more, e-mail us or Request More Information.
Fiserv continually improves its remittance infrastructure to increase volume growth and payment quality.
- Six Sigma process improvements assure consistent, timely delivery of funds and remittance data to our billers.
- System availability of nearly 100% system is the highest in the industry.
- Advanced file transmission and performance monitoring.
- Compliant with all Federal, State and Industry governing regulations.
- Scalable architecture for peak volumes and high growth.
- Proven business recovery processes.
With more than 25 years of electronic bill presentment and payment experience, Fiserv understands the critical flow of payments and remittance and offers flexible solutions that fit your business needs for faster access to your funds and reduced costs.
> For more information on Electronic Remittance from Fiserv, contact us at 800.964.4552 or Request More Information.