Deposit Express's full suite of eCheck offerings will turn your computer into the “ultimate deposit machine”. This Internet-based service offers multiple options for the capture of payments for electronic processing. Deposit Express offers the unique opportunity for all returns to automatically be processed by CybrCollect's FREE check collection system.
Electronic deposits will provide you with many benefits, including:
Faster use of your deposited funds.
Faster notification of your bounced items.
Fewer returns. Electronically deposited items will realize a 25% reduction in bounces compared to paper deposits.
Fully integrated collections. No additional steps are required by you to initiate collection services.
Faster turnaround time on returns. This creates a greater opportunity for successful collections.
Optional integration with your accounting systems.
Recurring Debits — Electronically draft your pre-authorized payments. Put your regularly scheduled payments into “auto-pilot” mode and only revisit the system for exceptions to: setup new customers, stop existing customer debits, issue extensions, or set-up an additional debit.
Accounts Receivable Conversion — Checks received by mail or to a lockbox can be converted to electronic deposits with the ARC module. Scan your checks into this deposit system rather than delivering them to your bank for faster, more efficient processing.
Telephone Initiated Transactions — When customers call to make payment, you can electronically debit their accounts with this module. This allows you to provide greater service and convenience to your customers while, at the same time, improving your cash flow.
Internet Initiated Transactions – Electronic BillPay is available, such that your customers can use their invoice from you to set up their payment via the Internet. We will assist you in positioning this option on your Web site for their convenience. Use this option to receive payments faster, to realize deposited funds faster, and to make your operation more efficient by saving the expense of manually processing these payments.
With all of these options, when bounces occur, know that CybrCollect is the superior solution for the highest and fastest return of your bounced funds.
