Electronic Payment Solution
Easing the Check Writing Burden
To facilitate payment by Electronic Fund Transfer you need two things:
- An easy yet secure method to acquire bank routing and account information
- An economical means to deliver remittance information on paid invoices
Our “Client Automated Payment Solution” reduces check processing. “CAPS” utilizes the latest web technology. It enables your vendors to:
- Securely enter their bank routing information for EFT payment and …
- Retrieve, download, and archive remittance information on invoices you’ve paid.
Your vendors will establish their own user IDs and passwords; your staff and Quest personnel will not have access to their private information.
Our system will notify them when they have been paid and provide payment-specific information. For some vendors, Quest offers a custom electronic file that will update their Accounts Receivable software.
CAPS can be deployed on your b2b website with a look and feel that’s consistent with your branding. The entire EFT setup process is easily implemented by your staff or Quest. Once it’s complete, the program operates with ease and reliability.
Outsource the entire process.
If EFT is not in your immediate future, Quest can still help reduce your check writing burden. A number of clients cut us a single check and provide full payment detail so we can pay by EFT on their behalf.
It works for others: in 2008, over 3.8 million payments were processed through CAPS.
Our clients save millions of dollars annually with this service. In all probability, many of your vendors (body shops, independent attorneys and adjustors, paper, furniture and carpet suppliers, etc.) are already receiving EFT payments and accessing CAPS to retrieve remittance data on payments made by your peers.
It is secure and dynamic.
This software utilizes the latest in data encryption and security through Managed Firewall, VPN and Intrusion Detection Monitoring; it is deployed on AT&T’s web-hosting services.
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