You need to establish an electronic payment collection program to help your payers remit to you in a timely and reliable manner. And, you want to be confident that your bank has the necessary quality controls and dedicated customer service to help you implement a successful electronic collection program.
PNC provides flexible options for originating Automated Clearing House (ACH) entries along with expert staff to assist in the implementation and ongoing support of your program. We can assist your organization with both the technical and practical aspects of using the ACH network. Whether you leverage your own in-house capabilities or engage a third-party processor, some benefits you may receive by integrating ACH into your collection strategy include:
Cash Concentration Service enables you to consolidate funds into one or more PNC Bank accounts via Automated Clearing House (ACH) debits, allowing for control of the initiation of entries and the destination of ACH debits.
Cash Concentration offers an efficient way to consolidate funds from your local deposit banks or to collect funds from other collection points throughout the country. If you have business customers that wish to pay you electronically on a recurring basis, then you can utilize cash concentration as a means to collect recurring B2B payments.
Access to online financial services with the ability to quickly and efficiently initiate transactions and review account information through one source, without costly investment in software or complicated set-up procedures. Accessible through PNC's PINACLE® the ACH Module provides you with a user-friendly method of initiating and tracking your ACH transactions via the Web.
Allows your organization to electronically debit your customers, whether consumers and/or businesses, for recurring amounts owed.
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