ACH, Credit Card and Check Conversion (Check 21)
Payment, Settlement and Lock-Box Processing
ReliaFund provides all the services necessary to automate your entire collection and deposit process.
Here’s a quick summary:
• Recurring ACH Transactions
• Automatic Collections
• Electronic Disbursements
• Direct Deposit Payroll
• Electronic Check Deposit Services
• Check Scanning and Conversion (ARC, POP)
• Lock Box Processing
• Web, phone and fax payments (WEB, TEL)
• Electronic Re-presentment of NSF Checks (RCK)
• Credit Card Processing
• Electronic Bill Presentment & Payment (EBPP)
Payment processing
We process all types of electronic payments including one-time and recurring bank account debits, conversion of paper checks to electronic payments, bank drafts, and credit/debit card transactions.
Settlement processing
We can process transactions through one of our partner banks and deliver collected funds to a client account, or create and send transactions directly to a larger client’s bank for settlement through their own account.
In-house lock-box processing
We can enable onsite client conversion of paper checks to electronic deposits — regardless of volume — to generate significant savings over bank lockbox operations.
Realtime reporting
All ReliaFund financial processing services include online, realtime reporting. With this service, users are able to monitor all payment activity from origination to deposit to reconciliation.