Bundled Payment Processing
Process all payment files — quickly and easily.
Bundled Payment Processing is a processing solution for companies that receive electronic return files via a gateway, secondary provider or financial institution. Bundle Payment Processing processes all payments initially presented under a NACHA SEC code: ARC, BOC, POP, PPD, RCK, TEL or WEB.
To get started bundling your payments, you simply provide a file for IT certification and validation, which ensures that payment processing at the debtor’s financial institution runs smoothly. Once the file is validated, you send a batch file and all transactions are processed. Unrecovered items flow seamlessly into our free recovery solution or are returned to you.
How does bundles payment processing work?
- First, a sample payment file is sent to Payliance for certification
- Once the file is certified, a live payment file can be submitted via Web, SFTP or gateway — and is processed during one of three daily processing windows
- The file is processed and funds settle according to financials and SEC codes
- Reports can be accessed either via Web or SFTP
- Free recovery on all returned items
Benefits of payment processing through Payliance:
- Reduce bank fees
- Eliminate dependence on paper checks
- Gain control over presentments
- Simple, straightforward pricing
- High-volume pricing available
- Transaction cost to present, transaction cost to return
- Ongoing recovery option available
Contact Payliance today
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