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 Bank Drafts

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asyst:Bank Drafts subsystem allows users of asyst:Utility Billing to create payment requests through the EFT file for customers wishing to take advantage of the convenience of drafting. asyst:Utility Billing users can now offer bank drafting so customers don't have to worry about timely payments of utility bills, and the inconvenience of writing and mailing or delivering checks for payment.

asyst:Bank Drafts:

  • Creates the EFT file for each customer account to be "drafted" and allows the file to be sent to your local bank by diskette or modem.
  • Handles Pre-Note testing of new Bank Draft accounts to assure that future drafts will work properly.
  • Prints the utility bill with the legend "Drafted, Do Not Pay" so that the customer gets a record of his bill.
  • Creates a Cash Receipt batch which is held until confirmation is received from your bank (allows editing to delete payments not received through drafting).