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Payment Processing
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Home > Product > Components > Payment Processing

The payment module provides a number of payment functions. This includes the ability to establish ACH information and make temporary or permanent changes to the information. Enable Debit Card processing, and Check by Phone. The system provides the ability to tailor a payment plan based on the client's payroll schedule to make it easy for the client to make payments to the DMP.

On the back side, a full set of batch payment entry pages enable users to apply payments and creditor refunds to client accounts. Funds are automatically held for a set number of days based on the payment type.

The daily reconciliation function ensures that the client and creditor accounts balance to the trust account.

Features and Benefits

Feature

Benefit

Accept multiple forms of payment
Cash
Personal Check
ACH
Check by phone
Debit card
Credit Card (non-DMP services)
Cashiers check
Others		 Acceptance of many payment forms increases client retention
Flexible Client ACH Configuration, changes, and pre-note Easy setup and changes support client initiated changes.
Batch Payment Processing for cash, checks, ACH, refunds, etc. Integrated Batch payment updates client balances
Daily Reconciliation Process balances Client and creditor accounts against the trust account. Ensures that the trust is in-sync with the individual client and creditor accounts..
System holds funds based on payment type Allows funds to clear prior to disbursing funds
Process payments from Creditors for fair share Integrated solution eliminates redundant data entry. Ensures accurate invoices for Billed Fair share.
For Creditor refunds and voided creditor checks, the system enables the user to locate the impacted clients and reallocate funds back to the client Ensures that funds are accurately credited back to clients and rapidly redisburses funds in the event that funds were sent to the wrong creditor