Registration
PMX registers you as an electronic receiver with all of the top consumer bill pay originators, enabling paper checks to be converted to electronic instructions and ACH.
Pre-Processing
PMX separates payments. The known payments are automatically assigned for delivery while incorrect and new items are presented for a one-time review, lowering operational expense and saving your employees valuable time.
Conversion
Based on your electronic profile, the originators will convert the related bill pay payment from paper to electronic, vastly improving the speed at which these payments get posted.
Automated Settlement
Settlement is sent daily via ACH credit, direct to your account. You receive the money 5 to 7 business days faster than with paper checks, reducing the number of customer service calls related to payment status and disputes.
