INV_ACH Payment

ACH Payment

InvoicingSM enables servicers to pay approved invoices by ACH (automated clearing house) payments instead of checks. ACH payments reduce the servicer's costs for check processing, while vendors receive more timely payments.

Both the servicer and the vendor of the invoice must register with InvoicingSM for the payment to be sent electronically.

Your administrator can sign up for ACH in advance, even if the servicers you do business with do not yet offer ACH. Your administrator must sign up once, even if there are multiple servicers with whom you do business.

Once the servicers enable ACH in InvoicingSM, you start receiving payments electronically rather than by a physical check.

A vendor user with administrative rights can add a vendor user to the ACH Reconciliation Notification group. Once a part of that group, users receive a notification when the ACH credit/deposit transactions are complete.

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