Pay Anyone, Anytime, Anywhere
with TelPay for Business

Pay Anyone, right from your own computer

With a few strokes of your PC keyboard, you can now make e-payments to anyone. Fast, efficient, and highly cost-effective so you can pay any supplier, government department, or individual in Canada. Most payments arrive in their bank account the next business day and are supported by payment details e-mailed or faxed to the biller. Users have seen their bill paying time decrease by as much as 50% while saving in postage, paper, envelope stuffing, and courier costs.

Convenient and Easy to Use

TelPay for Business is a Windows-based software program that allows you to electronically process your payables including online and electronically presented bills. With TelPay for Business you can electronically pay all of your suppliers, provide invoice details with payment, pay employee expenses, pay government remittances and import direct deposits from any in-house payroll system. A built-in comprehensive accounts payable and payment history module comes with the software.

Cost Effective & Efficient

Save money ­- Reduce your banking fees, envelopes, cheques, courier fees, and postage costs. Save time ­- No need to print cheques and stuff envelopes.

Accurate & Accountable

Designed by accountants for accountants, TelPay for Business provides accurate detailed reporting of all payments processed. Single or dual authorization functionality provides control and accountability. A clear audit trail of all payments and authorizations is maintained. Electronic journal entry with the appropriate general ledger distribution can be imported directly into your existing accounting system.

Reliable & Secure

TelPay has been processing electronic payments since 1985. Hundreds of Credit Unions and Banks trust TelPay to process payments everyday across Canada. In addition, our experience with security and audit controls associated with e-payments in Canada is second to none.

This Main Menu illustrates the scope of TelPay for Business software. Help information specific to each area is reached by clicking onto the question marks.

Generating payments is as simple as 1 - 2- 3

1 ) Enter payment information into software

• Pay anyone; all of your suppliers, employee expenses, Government remittances, and more.
• Enter invoice details.
• View and pay e-mailed bills.
• Post-date payments.
• Hold payments within Accounts Payable module.

2 ) Review information entered

• Review payments submitted for processing.
• Review specific invoice details.
• Obtain full audit trail of each payment session.
• Accounting entries for transactions are generated.

3 ) Authorize payments to be made

• Print and review payment details prior to authorization.
• Enter password(s) to authorize payments or obtain approval by e-mail.
• Transmit to TelPay.

Connecting with TelPay

• Connect via the Internet or direct dial.
• Payments are compressed, encrypted, and transmitted utilizing 128bit SSL.
• Immediate confirmation of receipt of payment file, with reference and session numbers, is provided by TelPay.

Payment to your suppliers

• Facilities for funding the payments requested are provided.
• Payments, including invoice details, are sent to every supplier.
• Wherever possible funds are credited electronically. If not, payment is made by cheque from TelPay.
• International payments are forwarded through a choice of foreign exchange service providers.