Perspective from the private sector
Download
1 / 10

Perspective from the Private Sector - PowerPoint PPT Presentation


  • 144 Views
  • Uploaded on

Perspective from the Private Sector. Collection Best Practices and Tools. Wendy Sifford, Moderator. Government Banking Relationship Manager. November 1, 2013. U.S. Bank Retail Collections Jessica Rogers & Kathleen Legg. ACH Direct Debit Wendy Sifford & Tutti Souders.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' Perspective from the Private Sector' - ollie


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Perspective from the private sector

Perspective from the Private Sector

Collection Best Practices and Tools

Wendy Sifford, Moderator

Government Banking Relationship Manager

November 1, 2013


U s bank retail collections jessica rogers kathleen legg
U.S. Bank Retail CollectionsJessica Rogers & Kathleen Legg


ACH Direct DebitWendy Sifford & Tutti Souders

  • Allow individuals or companies to authorize one-time or recurring debits to checking or savings accounts

  • Agency controls timing and collection efforts

  • Efficient and cost effective


ACH Pre-Authorization ManagerWendy Sifford & Tutti Souders

  • Payment Authorization Manager is a web based service that allows ACH originators to present authorization and enrollment forms electronically to consumers and corporate trading partners

  • ACH receiver authenticates to the system, consents to e-signature, and completes the form. Both the originator and the receiver will get a final copy of the form and the e-sign consent for their records


Online PaymentsWendy Sifford & Tutti Souders

  • Provides a single point of entry for electronic payment processing

  • Enables your customers to make payments via the Web, IVR, and live agent

  • Processes settlement through Bank (ACH) and Credit Card Processor

  • Seamlessly integrates with any agency, call center, or application

  • Incorporates leading edge technology to provide configurable application and user interfaces

  • Should adhere to highest industry standards for security

Online Payments

Banking Partner

Merchant Processor


Credit Card Acceptance

Wendy Sifford & Tutti Souders

  • Is it allowed?

  • Collect payment while you have individual on phone, in person or by mail

  • Convenient payment option

  • Easily handle recurring and installment payments

  • Online, terminal and mobile options


LockboxWendy Sifford & Tutti Souders

  • Mail Pickup :

    • Early pick up directly from Post Office

  • Processing:

    • Following Agency specific instructions

    • Allows agency to reallocate resources

  • Reporting:

    • Online

    • Images

    • Transmission files

  • Security

    • Segregation of duties

    • Secure facility


E-LockboxWendy Sifford & Tutti Souders

Typical ‘Online Payment’ Flow

Bank

Consumer ‘A’

CheckFree

Agency

Online

Resources

ABC Credit

Union

Consumer ‘B’


E-LockboxWendy Sifford & Tutti Souders

E-Lockbox Payment Flow

Metavante

Online

Resources

Check

Free

BPS

# 4

RPPS

Agency

Electronic Remittance File

One credit is posted to your account daily


Remote Deposit CaptureWendy Sifford & Tutti Souders

  • Depositing checks is as simple as scanning them at your PC

  • simple as scanning checks at your PC to deposit domestic checks without going to the bank

  • As complex as you require to process remittances and import data to update your Accounts Receivables


ad