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Military pay technician vs payment processor

The differences between military pay technicians and payment processors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a military pay technician and a payment processor. Additionally, a military pay technician has an average salary of $40,431, which is higher than the $34,030 average annual salary of a payment processor.

The top three skills for a military pay technician include payroll system, timekeeping and customer service. The most important skills for a payment processor are customer service, patients, and data entry.

Military pay technician vs payment processor overview

Military Pay TechnicianPayment Processor
Yearly salary$40,431$34,030
Hourly rate$19.44$16.36
Growth rate-5%-5%
Number of jobs9,76633,161
Job satisfaction--
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 35%
Average age5151
Years of experience66

Military pay technician vs payment processor salary

Military pay technicians and payment processors have different pay scales, as shown below.

Military Pay TechnicianPayment Processor
Average salary$40,431$34,030
Salary rangeBetween $28,000 And $57,000Between $27,000 And $42,000
Highest paying CityLos Angeles, CASan Jose, CA
Highest paying stateAlaskaAlaska
Best paying companyJPMorgan Chase & Co.University of California, Berkeley
Best paying industryGovernmentInsurance

Differences between military pay technician and payment processor education

There are a few differences between a military pay technician and a payment processor in terms of educational background:

Military Pay TechnicianPayment Processor
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 35%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Military pay technician vs payment processor demographics

Here are the differences between military pay technicians' and payment processors' demographics:

Military Pay TechnicianPayment Processor
Average age5151
Gender ratioMale, 42.8% Female, 57.2%Male, 21.5% Female, 78.5%
Race ratioBlack or African American, 6.7% Unknown, 4.0% Hispanic or Latino, 14.2% Asian, 6.5% White, 68.0% American Indian and Alaska Native, 0.6%Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.4% American Indian and Alaska Native, 0.6%
LGBT Percentage7%7%

Differences between military pay technician and payment processor duties and responsibilities

Military pay technician example responsibilities.

  • Conduct interactive GFEBS training of other analysts to achieve end of fiscal year surge financial reporting requirements.
  • Manage high volumes of financial activity in a fast-pace, risk-base combat environment in Afghanistan.
  • Develop expertise in use of PeopleSoft system to manage balance accounts for quarterly investment portfolio.
  • Verse in all military pay systems including but not limit to CMS, DJMS, and DMO.
  • Conduct monthly audit of all accounts impact during the month to ensure proper handling in accordance with DoD and JFTR regulations.
  • Research and coordinate with DCPS, DFAS, civilian personnel, or other sources to solve complex problems and provide information.
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Payment processor example responsibilities.

  • Manage and review all incoming discounts and electronic contractual adjustments for accuracy per the negotiated Medicaid and Medicare contracts ;.
  • Maintain daily transactions for customer payments and various bank accounts using Quickbooks to track transactions.
  • Prepare and print all reports for EDI processing.
  • Maintain client customer confidentiality and HIPAA regulations with all data handling and transfers.
  • Uphold and reinforce compliance with hospital policies and federal regulations such as HIPAA.
  • Investigate and take corrective action regarding invoices reject by system or through EDI.
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Military pay technician vs payment processor skills

Common military pay technician skills
  • Payroll System, 13%
  • Timekeeping, 11%
  • Customer Service, 9%
  • Corrective Action, 8%
  • Treasury, 6%
  • One Assistance, 5%
Common payment processor skills
  • Customer Service, 15%
  • Patients, 10%
  • Data Entry, 10%
  • ACH, 8%
  • Phone Calls, 5%
  • Credit Card Payments, 4%

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