Bank of New York Mellon Intelligent payment processing solutions for business

their accounting systems and billing customers and manage their cash and credit / debit … ClearTran in the system or the customer enters the ….

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Bank of New York Mellon Intelligent payment processing solutions for business
Accelerate cash flow and eliminate paper.
Allow customers to pay anytime, anywhere.
Reduce accounts sent to collections / bad debt.
Reduce late payments and associated costs.
Generate additional revenue.
Improve customer service.
Eliminate COD.

  1. Customers provide payment information to a customer service representative (CSR) who enters the transaction into the ClearTran system, or the customer enters the payment information directly into ClearTran via an automated voice system or client web page.
  2. ClearTran ensures data integrity, creates database entries, and submits payments through the appropriate finanical institution for processing or prints paper checks for deposit.
  3. Return data from bank is imported to update transaction status, facilitate collection and update Notification of Change data.
  4. ClearTran application creates posting items to update client billing or accounting systems.
  5. ClearTran application provides rich reporting capabilities to support reconciliation and cash management functions.

 

Download Bank of New York Mellon Intelligent payment processing solutions for business pdf from www.bnymellon.com, 2 pages, -KB.