Automated Recurring Payments

Replace the traditional method of billing and collection with PAYTEK’s easy to use web-based Automated Recurring Payments system. Offer flexible payment options to pay a debt from a checking or savings account weekly, monthly, quarterly, semi-annually or annually.  Checks submitted electronically are processed at the bank before paper checks resulting in superior clear rates.  With advanced detailed reports you may obtain the status of all transactions including paid items, NSF items and pending transactions.  Unlike paper checks, payment results are available within three business days.

Benefits

• Reduce time and costs associated with past due accounts

• Eliminate the need to print and mail invoices

• Seamlessly upload paid data files into your accounts receivable system

• Receive faster advice of NSF returns in three business days

• Integrated technology to electronically represent NSF checks

• Reduce bank transaction fees