Remittance Processing Service

Overview

Let Verizon Do the Work

Verizon's Remittance Processing Service eases the administrative burden in processing customer payments and allows Verizon to take care of processing your customer payments. Your business simply focuses on signing up new customers.

How It Works

Each day, Verizon picks up customer payments at the post office. We employ validity checks and data references to apply the payments accurately using our state-of-the-art check processing equipment. The monies are deposited and customer payments are posted. Dishonored checks are quickly and accurately processed as well.

Benefits

• Remittance Processing Service handles customer payments accurately and on time.
• Our service eliminates the costs associated with picking up customer payments from the post office and processing and depositing them.

Applications

• Remittance Processing Service enables your company to spend more time on core business issues.
• Our service minimizes your staffing requirements for attending to customer account receivables.
• Using Verizon's Remittance Processing Service can improve your cash flow and add one-bill convenience for your customers.

Description

Remittance Processing Service is a lock box service that includes receipt, deposit and posting of end-user payments. Verizon picks up payments at the post office and processes them using state-of-the-art check processing equipment.

Availability

Remittance Processing Service is available throughout the Verizon footprint.

Pricing

Remittance Processing Service is available through contract arrangements with Verizon. Please contact your Verizon Account Team for additional information.

Features

• State-of-the-art check processing equipment
• Validity checks and data references ensure the highest accuracy
• Fast and accurate processing of dishonored checks

Applications

How does Remittance Processing Service benefit you?

• Timely, accurate processing of end-user bills, without the time and expense of payment pick-up, processing and deposit
• Assurance that end-user payments will be received on time and processed accurately

How does Remittance Processing Service benefit your end users?

• End users know their payments will be received on time and processed accurately

Detailed Information

Information is under development.