Council Bluffs, Iowa (Vocus/PRWEB) February 16, 2011
Starting today paper check receivables will be more efficient for thousands of PayDQ customers. PayDQ and MasterCard Remote Payment and Presentment System (RPPS) will electronically modify customer’s receivable process. No longer will customers have to wait for banks to issue receivable paper checks which need to be validated, processed, reconciled and then received. All online bank bill pay payments can now be settled electronically through PayDQ’s EZPost solution.
EZPost, launched in 1999, enhances PayDQ’s robust electronic receivables platform. The RPPS connection will enable collection of payments from hundreds of additional banks. “EZPost collects hundreds of thousands of payments totaling millions of dollars every month,” said Kathy Norgaard, President and CEO of PayDQ. “While the current connections with Fiserv, FIS, iPay Technologies and Online Resources allow customers to receive a large number of receivable payments, the RPPS system closes the gap on the remaining check payments.”
More Payments Equal More Revenue
Many customers already benefit from EZPost’s payment consolidation service. PayDQ’s “one-stop-shop” accounts receivable platform improves day-to- day operations. This lowers costs and ultimately improves customer’s bottom line. “Adding RPPS will increase the number of payments received by their clients by more than 20 percent,” Norgaard said.
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