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ECHO Payment Hierarchy Review
| Questions |
Answers |
| Benefits the payer in the market place. Includes Enhanced and Direct ACH programs. Advanced ACH generates revenue. |
ECHO EFT |
| Eliminates cost and generates revenue. Speed of payment and easy reconciliation benefit the provider. |
Virtual Card |
| Eliminates some cost and generates revenue. ‘Push through’ payment. |
Elavon |
| Paper check replacement with ability to convert a check to a virtual card or ACH on demand. Less costly than print mail. May generate revenue. |
MPX |
| No revenue and highest cost. |
Paper Draft |
