Royal Bank RBC Express

Royal Bank

Royal Bank offers an EFT solution for their business customer that is based on its online banking platform. This system offers a wide range of cash management tools including bill payment. Unlike Telpay for Business which allows companies to pay anyone across Canada and around the world, a bill payment with RBC Express is limited to the 5000 suppliers that are set up on the system.

RBC Express does not integrate with accounting packages thus requiring double entry of payable both in the online application and in the accounting package. As well, the reporting in Telpay for Business allows assists in reducing the time required to consolidate bank account by significantly reducing the number of entries in a bank statement and providing extensive detail in payment session reports