Provide the variety of payment methods your customers demand, while also meeting your operational goals for payment optimization with First Data Funds Management Solutions.
First Data assists you with the delivery and processing of recurring bills. Our integrated payment gateway provides Funds Management Solutions for all payment types, facilitating accelerated funds availability and enhanced visibility to payment status across platforms. We offer a wide range of Funds Management Solutions, including check clearing, Automated Clearing House (ACH), credit card settlement, check processing and check imaging.
Companies like telecommunications, utilities, insurance, brokerage firms, consumer lending agencies and more need to process and deliver recurring bills for mass-market customers. However, managing funds can become costly and time consuming given the number of payment methods they process and accept, and amount of call center traffic from customers to resolve issues and settlements.
How Funds Management Solutions Works
With over 30 billion transactions processed annually, First Data brings world-class funds management capabilities to clients by offering check, credit and debit card bill payment for authentication and settlement. We transform 100% of your inbound check volume to electronic faster and use Smart Decisioning for clearing optimization. Our integrated archive and data management portals drive cross platform visibility while simplifying exception handling and analytics.
Help Your Business:
-
Drive efficiency with 100% check electronification and minimum cost routing
-
Facilitate check clearing, credit card settlement, check imaging and Check 21
-
Achieve customer satisfaction by offering a wide variety of payment options including tools for last minute expedited payments
-
Solve issues faster and reduce call center traffic with our real-time exception management tools
-
Accelerate funds availability with recurring automated payments via Automated Clearing House (ACH), debit or credit cards
Help Your Customers:
-
Settle payments quickly
-
Make bill payments using their preferred payment method
-
Increase their overall satisfaction
Clearing and Origination
-
Electronic check presentment
-
Image exchange/Image Cash Letter
-
E-check
-
Customized vertical applications
Authentication and Settlement
-
Accept all major credit cards
-
Accept all major debit card types (signature, PIN, PIN-less)
-
Real-time authentication
-
Real-time or batch settlement
