Pre-Authorized Bill Payment

Magic-Wrighter's Pre-authorized Bill Payment software provides your business customer with the convenience of collecting consumer payments electronically on an automated basis each billing cycle. The consumers may have their bills paid automatically by authorizing the business to withdraw the payment owed on each payment due date. This can improve your business customer's cash flow, reducing their internal collection and processing expenses. The business can project days in advance the amount of cash that will be deposited into their corporate accounts.

Your business customers will also realize a reduction in the number of past due accounts and NSF checks. Consumers who choose to pay via the Pre-authorized Bill Payment services are less likely to have NSF payments because automatic payments are processed before paper checks.

NSF payments are automatically processed through the Check Re-Presentment system which allows electronic payments to be sent through the system three times for NSF payments verses twice for paper checks. Magic-Wrighter's Check Re-Presentment system assigns specific posting dates for retries to increase the likelihood of collecting the business customer's payment.

Consumers who authorize your business customers to have their payments automatically deducted from their personal checking account by using the Pre-authorized Bill Payment programs avoid late payments, late payment charges, and are seldom delinquent. These consumers are provided with peace of mind knowing that their payments will be made on time. The consumer also saves time and money in postage and check writing.

All Pre-authorized Bill Payment information is kept strictly confidential. The latest security technology and password protection is used to assure that your business customers and the consumer's payment information is kept safe and secure.

For small businesses that only have a few pre-authorized payments such as a landlord or doctor, Magic-Wrighter's Pre-authorized Bill Payment software accepts payments via touch-tone telephone through an "800" number to Magic-Wrighter's 24 hour, seven days a week Interactive Voice Response System. This system is easy to use, safe and secure.

For your medium to large business customers the Magic-Wrighter Pre-authorized Bill Payment system provides Windows based software and is the best solution for high volume transactions.