Customer Automated Funds Transfer

Customer Automated Funds Transfer

​Whether you’re operating a small business with basic payment needs, or a medium-to-large sized enterprise that has multiple employees, suppliers and customers with more complex payment requirements, Customer Automated Funds Transfer (CAFT) is the ideal solution to help you streamline your payment processes.

Flexibility and Control: 
Send payments to suppliers or collect payments from your customers on a recurring or one-time basis, and manage your own payment database. 

 
Reduced Operating Costs: 
Reduce or eliminate the time and cost associated with cheque clearing and production, delivery and reconciliation. Improved Security: Reduce the chance of stolen, lost or forged cheques
 
CAFT allows you to ‘set and forget’ your pre-authorized transactions:
  • Future-date a single transaction and have the system complete the process automatically
  • Use a large variety of frequency schedules to set your recurring payments or billing
  • Receive payments to and from accounts held at various Canadian financial institutions
  • Get access to a complete and detailed set of transaction reports
  • Manage the usage and control access according to your authorization and security needs
  • Opt for a dual authorization method that reduces security risks by requiring two users to authorize transactions for release or file uploading
The following automated transfers are commonly processed using CAFT:
  • Payroll 
  • Accounts payable 
  • Accounts receivable 
  • Rent payments 
  • Membership fees 
  • Charitable donations 
  • Any regular receipt of funds
Please contact us​ for further information and pricing.