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At the BAYAD CENTER , a customer pays the bill by presenting the statement of account (SOA). The data is entered into the computer through encoding or bar code scanning. The computer system then validates the SOA, which will serve as the proof of payment. BAYAD CENTER keeps a journal copy for audit trail purposes and control. At the end of each day, all transactions are reconciled and these data are electronically transferred to the BAYAD CENTER's central server. The central server consolidates and uploads the collection records to the biller's system . The following day, the collections are deposited to the biller 's bank account. |
