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Give your customers the power to pay you using any of the increasingly popular e-payment methods. More

The PAYDQ Process
We manage all the details so that electronic payments speed up your collections and lower your costs. Click here to see sample web pages or Contact us for a free, no-obligation demo.

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What is EZ-Post?
EZ-Post is one of PAYDQ's most popular and easy to use services. No installation or contract is required - just a depository agreement and Internet bank billpay and "check-and-list" payments are turned into electronic deposits with good account numbers.

EZ-Post automatically collects, deposits, and posts non-standard, third-party check payments that arrive from banks and companies like CheckFree. This type of payment can be for an individual customer ("bank draft") or for multiple accounts ("check-and-list") and is accompanied by a payment stub listing the account numbers and payment amounts for each customer

Why is Check and List a problem?
Check and List payment processing is a growing problem because more and more consumers are paying bills using bank billpay systems. While it is commonly believed that these "electronic" payments are processed more quickly than traditional bill payments, banks and other third-party issuers who provide this service consolidate most of these transactions into check and list payments, making them slower and more expensive for billers to process.

How are Check and List payments currently processed?
Lock boxes, the automated, high-volume payment processors used by many biller companies, work best when customers enclose standard remittance slips with their checks. Since Check and List payments are nonconforming, most lock boxes reject them as "exceptions" amd process them manually or eventually forward them to the biller for handling. The biller must then dedicate accounts receivable or customer service staff to decipher each Check and List payment for proper allocation to the customer and payment information it provides, this process is anything but routine.

Processing payments this way is time-consuming and expensive not only because it is labor-intensive and deprives the biller of cash flow, but also because it generates erroneus late charges that anger customers, erode loyalty and force the biller to resolve problems that should never have existed in the first place.

EZ-Post is the solution
PAYDQ's EZ-Post Service electronically receives Check and List payments directly from multiple third-party payment issuers on our clients' behalf. A biller simply designates PAYDQ as the receiver of its Check and List payments and we handle the rest. PAYDQ receives these payments and forwards them to the biller's bank account together with payments from all it's other services. Simultaneously, we convert the corresponding payment data into a file that is delivered electronically to the biller, enabling it to update its receivables automatically - with no manual processing or deposit delays. This means less work, lower costs, better cash flow and happier, more loyal customers for the biller.