Automate Your A/R Processing by Scheduling Automatic Recurring Payments

Presto provides a simple, low-cost method for setting up and processing Recurring Check Payments. If you have signed written authorization from a customer, you can automatically withdraw funds from their bank account. It doesn't matter if you want to set up a one-time payment or an infinite number of payments. An assortment of scheduling options are available that can accommodate virtually any payment plan. You can even use the system to refund customers, or to send electronic payments to vendors or employees.

You can also enjoy huge savings on transaction fees while providing your customers a convenient alternative to credit card payments. Companies typically pay discount rates as high as 2.5% for credit card transactions if the card is not present. But Presto Recurring Check Payments cost just pennies per transaction. All you need is an Internet connection and a Web browser. There's no software to purchase or install, no licensing fees to pay and no additional technical staff to hire - billing is based on usage.

Benefits

• Easy to use
• Accelerates cash flow
• Flexible timing of payments
• Increases sales opportunities
• Provides convenience to your customers
• Requires very little capital investment
• Accommodates both consumer and corporate payments
• ASP model - enables fast implementation and upgrades
• Usage-based billing - costs just pennies per transaction
• No software to purchase or install, and no licensing fees to pay
• Reduces the time and costs associated with manual check processing
• Facilitates secure 100% NACHA compliant electronic check processing
• Provides convenient way to pay vendors and employees, or refund customers
• Reduces risk through Verification and Automated NSF Re-Presentment
• Provides return status in just 48 hours