Electronic Funds Transfer (EFT) provides a convenient and cost-effective solution for processing payments electronically.
With an easy-to-implement EFT Payables solution from EPay Canada you can debit Canadian bank accounts electronically. This dramatically reduces time and money spent on payment collection. Initiate recurring payments with just the click of a button.
It’s a win-win situation. You eliminate burdensome cheque processing and your clients know they have made payment quickly and securely.
Key Benefits and Features
An EFT Payables solution from EpayCanada allows your business to:
- Manage your cash flow more efficiently and improve cash forecasting
- Reduce operating expenses associated with collecting/ writing cheques, manual processing, and time spent reconciling accounts
- Accelerate your payables process and control the timing of credits/debits to your account
- Receive notification of rejected payments
- Reduce lost and stolen cheques
- Mitigate the risks associated with cheque fraud and forgery
- Preserve the autonomy of your business units, while ensuring centralized concentration and control of funds
- Reduce bank service charges