The world's local bank
Key features and benefits
- Save time and money - reduce the manual administration required for your accounts receivable
- Reduce risk - no collection items and less cash on hand
- Improve cash flow - receive faster credit of account payments
- Convenient payment method - customers can pay bills 24/7
- Electronic reporting
- Payments are credited directly to your company’s operating account(s) on the next business day
- Payments credited are reflected on your operating account as a batched total (all payments received the prior day)
- Daily electronic reports are transmitted to your company itemising all transactions
- Reports will list the following details, for reconciliation purposes:
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Account number
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Account name
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Amount
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Payment date/time
- Electronic reports can be transmitted as an ASCII file (text file)
- This file contains a header record and multiple payment records
