Change do not Accept Electronic Payment Flag

Note: Users need the authority, "Change do not Accept Electronic Payment Flag," (Billing group) to use this Billing transaction. This allows users to set or reset the Change do not Accept Electronic Payment Flag on a policy.

This Billing transaction is used to prevent an agency from accepting an E-Check or EFT payment from an insured who has a history of insufficient funds with electronic payments. The flag can be enabled / disabled without requiring a policy endorsement.

On a policy that needs to be flagged:

• The Billing transaction, "Change do not Accept Electronic Payment Flag," will display on a policy.
• When the flag is enabled, a record is retained in Billing Transaction History, indicating that the "Do not Accept Electronic Payment Flag" is activated.  
• A message is then shown on the Billing Statement screen indicating the flag is enabled. (Note: Diamond will not prevent a user from applying an E-Check or EFT Payment if the flag is activated.)
• When the flag is disabled, a record is then retained in the Billing Transaction History that indicates that the "Do not Accept Electronic Payment Flag" is activated.