Electronic Payment Processing - the Future of Money!

Richard Harlow, president, recently announced a new Reston company VRF Financial Services, Inc. devoted to improving the cash flow of businesses.

Using modern computer technology, the company has an arsenal of products that can be used by business to speed access to money they have already earned. Pre-authorized bank drafts, ACH batch drafting, online check acceptance, phone and fax check acceptance, no-cost electronic check recovery and credit card merchant accounts as well as electronic check conversion all have costs that are reasonable, and competitive.

Pre-authorized bank drafting systems virtually eliminate the costs associated with manual forms of handling accounts receivables. The user is saved the costs of preparing invoices and statements, folding and inserting them into envelopes, licking and sticking stamps or metering mail, then processing the customers checks as they trickle in by mail, and finally making the deposit at the bank.

Unlike the normal method of sending out bills with uncertain days until the customers check is received, this system puts the money in the users account faster and more reliably. Large insurance companies and mortgage companies have been using this plan for 40 years successfully. It would work very well for small private schools, daycare centers, service companies, associations and charitable groups, orthodontists, cosmetic surgeons, and laser eye care centers to name a few.

Our online check acceptance plan is not paper processed, rather is totally electronic, and backed by our no-cost electronic check recovery plan that resubmits checks that did not clear, for whatever reason.

VRF Financial Services, Inc. is part of a nationwide network of payment processing centers that have the capability to help both large and small business with cash flow problems.

Mr. Harlow has been active in the insurance industry for 35 years, and achieved high honors in his local, state and national insurance associations and is currently on the board of one of them. He has been a trusted advisor to local business.