Accounts Receivable Conversion (ARC)
ARC is the process of converting qualified consumer and business checks to an electronic Automated Clearing House (ACH) debit. FISC provides the biller with an easy to use web-based opt out service for consumers. Clients benefit from faster funds availability afforded through use of an ACH transaction.
ARC Solutions include:
- Client-specific business case to show savings.
- Sample customer notification language.
- A web-based opt out program maintained by FISC.
- Originating the ACH file with the ARC payments.
- Clearing ACH payments through FISC's bank.
- Processing return items, including administrative returns.
- Destruction of original documents.
Remittance/Lockbox Solutions include:
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