Electronic Processing
Visa^®  ePay

Overview
Visa^® ePay is the fully electronic solution which facilitates the exchange of standardized and secure bill payments between financial institutions on behalf of consumers and billers. Visa has re-designed Visa^® ePay, incorporating the most innovative enhancements in payment processing, into a service that is unparalleled in the industry.

Biller Benefits

• 4:00 a.m. ET delivery of remittance information to your financial institution to meet processing windows for same-day posting
• Guaranteed funds (payment surety)
• Choice of formats from your financial institution
• Fewer exception items due to extensive account number mask editing performed by Visa^® ePay
• Streamlined processing of electronic payments as regular transactions, with costs equal to or less than other remittance payments
• Accelerated receipt of funds and accounts receivable data
• Single point of contact- your financial institution
• Visa^® ePay Operating Regulations create an environment of confidence for all participants
• Ease of setup with your financial institution using Visa's Universal Biller File
• The industry's largest bill payment processors utilize Visa^® ePay, delivering high volumes of consumer payments
• Receive payments from originators such as Credit Counseling Agencies

Credit Counseling Agency Payment and Debt Management Plan Processing
With this service, credit counseling agencies can electronically negotiate with creditors the exchange of creditor debt management plan approvals, balance verifications, debt management plan close-outs, and their related messages. The agencies use Visa^® ePay to originate financial transactions to make payments to creditors.

Visa^® ePay Biller Financial Institutions
Nineteen financial institutions participate in Visa^® ePay, including seven of the top twelve cash management banks.

Visa^® ePay Participation
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