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To: Benny Baga who wrote (585)12/10/1998 12:00:00 PM
From: Benny Baga  Read Replies (2) | Respond to of 20297
 
Interesting EBPP blurb in BS+T:

"Cash flow is improved through reductions in the outbound and inbound float cycle, including mailing (which can take 1 to 5 days), payment processing (1 to 3 days) and funds availability (zero to 2 days). It is estimated that a one-day savings in the bill float cycle can result in annual savings of more than $200 million. By eliminating the time required to print, stuff and sort paper bills, EBPP also makes other cost savings possible.

....no wonder the banks are worried about losing their lock box service.

Benny(IMHO)