The ACH Concentration Service offers a cost-effective, Web-based solution for reporting and consolidating a company's decentralized deposits. Deposit information from your local business locations, depository sites, subsidiaries and regional lockbox operations can be reported 24 hours a day, 7 days a week, through touch-tone phone or Web input. Reported deposits are automatically transferred to a designated J.P. Morgan concentration account on a next-business-day basis via an ACH Debit transfer.
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How you benefit:
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