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ACH/ARC Payments
With our lockbox automation services, we also provide you with electronic check conversion options. These options include Accounts Receivables Conversion (ARC) payments. As electronic transactions become more of the 'norm', we believe this is an important service to provide. By outsourcing your remittance processing to Alliance, you won't need to worry about installing new equipment to process this type of transaction.
What is an ARC payment?
As described by NACHA - The Electronic Payments Association, "ARC - the Accounts Receivable Entry e-check application - became effective on March 15, 2002, and is used in consumer bill payment. In the ARC check conversion process, a consumer's check sent to a remittance location is converted into an Automated Clearing House (ACH) debit."

 

 

 

 

 

 

 
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