Using electronic payments can save you the hassle of processing and collecting recurring payments.
Save your staff from the slow and painful process of collecting and processing recurring payments from your customers. With Fifth Third Bank’s Automated Clearing House (ACH) Collections you can process, Internet and telephone receivables quickly and efficiently, and convert checks into electronic funds transfers so you have faster access to working capital. Electronic payments also means lower processing costs and fewer errors compared to traditional check methods.
Our electronic payments also help you:
- Enhance fraud control
- Obtain more accurate and accessible payment information
- Reduce late payments
- Access detailed daily reports and monthly summaries through Fifth Third DirectSM, our web-based portal