When are payments sent by ACH, Corporate Check or Laser Draft?
The Bill Pay system evaluates the risk of each user based on the user’s credit rating and payment history. This evaluation produces a score, which is used to establish a daily, weekly, and monthly threshold amount that will determine how the payment will be sent. The lower the risk, the more likely the payment will be sent, up to the threshold amount, by ACH or corporate check.
A. The Bill Pay system evaluates the risk of each user based on the user’s credit rating and payment history. This evaluation produces a score, which is used to establish a daily, weekly, and monthly threshold amount that will determine how the payment will be sent. The lower the risk, the more likely the payment will be sent, up to the threshold amount, by ACH or corporate check.
A. The Bill Pay system evaluates the risk of each user based on the user’s credit rating and payment history. This evaluation produces a score, which is used to establish a daily, weekly, and monthly threshold amount that will determine how the payment will be sent. The lower the risk, the more likely the payment will be sent, up to the threshold amount, by ACH or corporate check.
