Direct Payment for Financial Institutions : Introduction to Direct Payment

Introduction | Benefits | How It Works | Fast Facts | FAQ

Individuals and organizations are rapidly adopting Direct Payment as a simple, safe, smart, and green way to process payments electronically through the ACH Network. Direct Payment saves time and effort for your individual customers, who will never worry again about missed payments or late fees. For any company or organization collecting payments or donations, Direct Payment is ideal for simplifying the payment process and saving processing costs.

Four out of five consumers who use Direct Payment are very satisfied with it

Explore this section to discover how to talk about Direct Payment internally as well as to your individual and business customers.

Benefits

Learn how Direct Payment saves time and money for both individual and business customers.
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How It Works

View every step in the process for both your business and individual customers, from initial authorization to monthly confirmation
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Fast Facts

Research shows that Direct Payment helps individuals save and invest more each month. Get a brief overview of important facts here.
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FAQ

Find answers to frequently asked questions about Direct Payment.
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Switching consumers to electronic bills, statements, and payments is good for the environment and good for business. Not only will these actions reduce environmental waste, they will also save money for companies and consumers, and increase customer satisfaction and loyalty.

Mortgage companies
Insurance companies
Companies that offer investment and savings plans
Companies that collect loan payments
Newspapers, magazines, and subscription-based services or offerings
Utility and telecommunications companies
Cable companies
Health clubs
Credit card companies
Colleges and universities
Non-Profit organizations, including houses of worship