“Dd of ma supplier telephone quantity” is an abbreviation for “direct deposit of Massachusetts supplier telephone quantity.” It’s the digital switch of funds (ETF) from a payer on to a supplier’s checking account as an alternative of by paper verify. For instance, a health care provider’s workplace receiving a cost for a affected person’s go to may obtain the cost instantly in its checking account by way of direct deposit.
Direct deposit of supplier funds improves monetary effectivity, ensures well timed receipt of funds, and reduces administrative prices related to processing and delivering paper checks. It was initially carried out within the healthcare business within the early Nineties.
