EFT Notices Setup

The EFT Notices Setup form enables you to set up authorization and notification letters to send when you are processing recurring payments using Billing Tree Service in Collect!. You can also set the number of days prior to each payment to send the notification letters.

When you set up and enable EFT authorization and notification letters for your recurring payment schedules, Collect! creates a letter contact for each letter as needed. The Due Date of each Letter contact is determined by the Frequency and Next dates in your Billing Tree Service recurring payment schedules.

EFT Notices Setup

To access the EFT Notices Setup form, select System from the top menu bar and then select Preferences to display the System Setup form. Then select the BILLING TREE SETUP button.

Collect! ships with sample authorization and notification letters that you can use with Billing Tree Service to comply with FDCPA regulations.

View EFT Notices

These samples are available for download from the Collect! Member Center.

Download sample EFT Notices

Credit Card Letters

You can select letters to send to your debtors when you set up a recurring credit card payment schedule. Collect! can automatically schedule an authorization letter to be sent when you first set up the payments. Collect! can also automatically schedule a notice to be sent prior to each debit from the debtor's credit card. You can set the number of days prior to each payment for sending the CC notice.

CC Authorization Letter

From your list of reports and letters, select the letter that you want to use for your credit card authorizations.

You must switch ON "Enable" with a check mark if you want Billing Tree Service to queue this letter in your daily letter batch.

Please ensure that you select a valid letter from your list before you switch ON "Enable" or Collect! will queue an empty Letter contact!

CC Notification Letter

From your list of reports and letters, select the letter that you want to use for your credit card notices.

You must switch ON "Enable" with a check mark if you want Billing Tree Service to schedule these notices in your daily letter batch.

Please ensure that you select a valid letter from your list before you switch ON "Enable" or Collect! will queue empty Letter contacts!

Enable

Switch this ON with a check mark to enable the sending of authorization letters and notices when Collect! sets up your Billing Tree recurring payment schedules.

Please ensure that you select a valid letter from your list before you switch ON "Enable" or Collect! will queue empty Letter contacts!

Days Prior

Select the number of business days prior to each payment that you want Collect! to queue a payment notification. You can leave this blank if you want. However, Fair Debt Practices stipulate a value between 3 to 10 days for this setting.

ACH Letters

You can select letters to send to your debtors when you set up a recurring ACH payment schedule. Collect! can automatically schedule an authorization letter to be sent when you first set up the payments. Collect! can also automatically schedule a notice to be sent prior to each withdrawal from the debtor's bank account. You can set the number of days prior to each payment for sending the ACH notice.

ACH Authorization Letter

From your list of reports and letters, select the letter that you want to use for your ACH authorizations.

You must switch ON "Enable" with a check mark if you want Billing Tree Service to queue this letter in your daily letter batch.

Please ensure that you select a valid letter from your list before you switch ON "Enable" or Collect! will queue empty Letter contacts!

ACH Notification Letter

From your list of reports and letters, select the letter that you want to use for your ACH notices.

You must switch ON "Enable" with a check mark if you want Billing Tree Service to schedule these notices in your daily letter batch.

Please ensure that you select a valid letter from your list before you switch ON "Enable" or Collect! will queue empty Letter contacts!

Enable

Switch this ON with a check mark to enable the sending of authorization letters and notices when Collect! sets up your Billing Tree recurring payment schedules.

Please ensure that you select a valid letter from your list before you switch ON "Enable" or Collect! will queue empty Letter contacts!

Days Prior

Select the number of business days prior to each payment that you want Collect! to queue a payment notification. You can leave this blank if you want. However, Fair Debt Practices stipulate a value between 3 to 10 days for this setting.

Help

Select this button for Help on EFT Notices Setup and related topics.

OK

Select this button to close the EFT Notices Setup form and return to the previous menu.

Deleting A Recurring Schedule

When you set up and enable EFT authorization and notification letters for your recurring payment schedules, Collect! creates a letter contact for each letter as needed. If you delete a recurring schedule, Collect! removes any remaining authorization and notification letters from your letter queue.

See Also

- Billing Tree Service Topics