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La Petite Academy Selects First Datas TeleCheck PayIt Service

Tuesday 21 September 2004 17:30 CET | News

La Petite Academy has rolled out First Datas TeleCheck PayIt service, an account receivable conversion (ARC) solution.

The PayIt service enables more than 600 La Petite Academy locations to convert checks for payment received in the mail or via a drop-box into electronic transactions, accelerating the processing and settlement of the payments. The TeleCheck PayIt service provides La Petite Academy with a simple and convenient way to process one-time payments through the Automated Clearing House (ACH), thus reducing the costs associated with the movement of paper through the payments system. With the TeleCheck PayIt service, the industrys largest database of check-writer information and the industrys most extensive experience in check processing, TeleCheck is helping La Petite Academy maximize efficiency in remittance processing of checks. The result is faster access to funds, easier settlement of funds via an electronic transaction and reduced risk of accepting invalid checks.


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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce