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For those clients who have multiple payment streams and multiple payment solution providers in place, FirsTech's electronic payments concentration solution combines payments from differing payments networks and financial institutions and converts the payments into a single deposit.

Payments and related remittance information are aggregated from all channels being utilized and are sent to electronically through a single interface stream, in the agreed upon format and at the agreed upon time each processing day.

Provides a safe and efficient option to consolidate your receivables rather than manipulating different payment files from multiple vendors.

  • Receipt of a single file streamlines the process - reducing the risk of processing errors and eliminating the need for multiple reconcilements
  • Multiple electronic payment streams from multiple vendors can be leveraged while maintaining a single remittance file - reducing failure points and operational costs
  • Payment data is transmitted and posted in real time - improving cash flow
  • Payment activity can be researched online in seconds through one location - creating process efficiencies

Processing expenses are reduced as a result of streamlined receipt of receivables data allowing for faster reconciliation.  

  • Faster reconciliation as a result of data being received in a predetermined format that is available for online view
  • Process efficiency gains through reallocating resources that were previously used for reconciling and posting to higher value add activities  
  • Enhanced customer satisfaction through faster posting of payments
  • Archived and current information is available for quick and easy research opportunities through a single platform
  • Faster response to exception items enabled aggregation of payment data and improved research capabilities provided by FirsTech
  • Increased efficiency and reduced integration costs - through FirsTech's one link, one file exchange!

Multiple data streams from disparate sources are consolidated into a standard predetermined format for provision of a consolidated receivables file for posting and reconciliation.

  • Access is web based so there is no software to purchase or install and no licensing fees to pay
  • Payment fields for the payments being processed are fully customizable
  • Customizable payment history and reporting products are available for viewing and printing via a secure online access point
  • System security and user access is fully customizable to meet the customer's needs and controlled by the customer
  • Time frame for archived data is customizable

Providing more payment options; Accelerating cash; Reducing internal costs; Taking customer satisfaction to a new level; Negating process inefficiencies; Eliminating security risk; Reinforcing your market leadership.

FirsTech is your Partner to business success!

  • FirsTech offers a comprehensive suite of payment processing solutions to cater to every need - both yours and your customers
  • Options are available to customize the site to the client's exact technical specification and have the look and feel of the client's website
  • Our customized and personal level of service ensures rapid turn-around timeframes for requests
  • System security options are fully customizable
  • Funds are secure as all processed funds are delivered directly to client's account in real-time
  • All support personnel are local and fully accessible 24/7
  • FirsTech provides over 30+ years of experience in providing clients with best-practice expertise both in regard to what works well and pit-falls to avoid
  • We are a leader in new technology solutions that meet market demands by virtue of our dedication of gathering our clients' input into the product development roadmap

Solutions for Efficiency

All of the "circle of success" solutions improve operational efficiency, but for clients struggling with multiple payment streams and multiple payment solutions, we bring even greater efficiency to bear. Electronic Payments Concentration combines payments from differing payments networks or FIs into a single deposit and remittance file. If identification verification need streamlining, our VerID solution provides a way for payment locations to positively identify customers.

Ready to be more profitable?

Watch how FirsTech solutions can benefit your business