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Online Bill Collecting

Bill collecting is generally the most integral part of a business. But collecting what is owed to you may not be as easy as it seems. Businesses like doctors offices hire medical billers to handle their billing needs, and every business, big or small, who has to deal with customers, should consider taking a similar route. E-Tran today announced an agreement with SunTrust Banks, Inc. to provide SunTrust online direct bill collection capabilities for their business clients utilizing E-Tran?s Electronic Lockbox , ACHWebAccess, and Interactive Voice Response System.

SunTrust business clients will be able to accept and manage customer-initiated electronic payments over the Internet and by phone. By offering both B2C and B2B solutions from E-Tran, SunTrust will be able to meet the needs of businesses of all sizes with varying capabilities. E-Tran?s services are easy-to-use solutions that enable business clients to receive electronic payments directly from their individual customers. At the same time, the services provide the business? customers complete control over the payment initiation and allow them to make single or recurring payments.

Each payment transaction generates an online acknowledgement as well as an email receipt. In addition to the benefits of electronic payments, business clients will have the ability to view real-time payment activity online and receive daily electronic updates to their receivables system. According to David Saporito, SunTrust Senior Vice President and Managing Director of Business and Commercial Product Management, ?As our clients? cash management needs continue to grow and evolve, SunTrust is committed to bringing them innovative solutions to help manage their cash flow more efficiently and effectively. "