With the E-Tran Electronic Lockbox, financial institutions benefit once again by being able to offer their clients custom branded bill-pay interfaces. This ensures that consumers of the FI client feel safe and secure as they interact and pay bills online with their known and trusted service provider. E-Tran transmits the resulting ACH files directly to the ACH Operator or to the FI. In addition, for those bill pay services that provide the payer with an option of paying by credit card, the credit card transactions are transmitted directly to the credit card processor.

With E-Tran, financial institutions can now offer clients including utility companies, local municipalities, property managers, online merchants, unions, and other service providers the convenience of providing their customers with online bill-pay. Consumers of these service providers enter their payment transaction information online. Transactions are processed in real time and consumers receive electronic confirmation of their payments. The FI client receives electronic reporting and notification of the payment activity.

E-Tran brands its sites to closely resemble the site of the FI client. Most companies do not operate secure payment servers that satisfy the stringent requirements of the government and industry privacy and security rules associated with financial transactions, in particular ACH transactions. That is why E-Tran Electronic Lockbox services are such a valuable addition to an FI’s Cash Management Service product portfolio.