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Payment
Solutions |
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Overview |
Are
you looking for a more efficient
and cost effective method of managing
your receivables activities? Establish
a Direct Payment Solution - the electronic
transfer of payments from customer
or donor checking and savings accounts
directly to your company or charitable
organization's account - to simplify
the payment process for both you
and your customers or donors. Our
industry leading Payment On Demand
Solution (PODS)TM is ideal
for companies collecting recurring
payments or charitable donations
of all sizes.
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Our
Payment on Demand Solution is ideal
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Mortgage
companies |
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Insurance
companies |
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Companies
that collect loan payments |
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Newspapers,
magazines, and subscription-based
services or offerings |
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Health
clubs |
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Colleges
and universities |
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Non-Profit
organizations, including houses
of worship |
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How
Direct Payment Solutions Work |
Upon acceptance
of your registration application
you will be ready to complete the
set-up of your Employer Console
and begin using the BizPay Direct Payment
on Demand Solution.
The forms below are in .pdf form
and will require the Adobe Reader
pluggin to view. You can download
this pluggin free of charge by following
this link :
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Step
1 : Download Direct Deposit
Forms (available in the
'resources center' section) |
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Download and complete
the following forms: |
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These forms and
attachments are to
be faxed to the number
provided on the form. |
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Step
2 : Download Direct Deposit
Forms (available in the
'resources center' section) |
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Employees are to
complete the Direct
Deposit Authorization
Form and attach
a voided check for
a checking account
and a deposit slip
in the case of a savings
account for each account
that funds are to be
deposited into. |
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These forms and
attachments are to
be faxed to the number
provided on the form. |
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Step
3 : Complete the remaining
items on your Employer
Console |
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Configure Alerts
and Notifications |
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Set-up Pay Calendar |
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Enter Employee
Information |
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Step
4 : Create Transactions
or Upload Direct Deposit
Transactions via ACH File |
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3 Days
prior to Pay Day
and by 2:00 p.m.
EST - you
will either "upload" an
ACH file that is
NACHA format compliant
with all your direct
deposit transactions
OR you can "Create
Transactions" directly
from your Employer
Console interface. |
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2 Days
Prior to Pay Day -
The total of your
Net Pay Direct Deposit
funds plus processing
fees will be debited
(withdrawn) from
the bank account
you have designated
via ACH debit transaction. |
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1 Day Prior
to Pay Day -
The Net Pay Direct
Deposit funds plus
processing fees are
credited (deposited)
to a BizPay Direct
ACH Processing Account
at the Originating
Depository Financial
Institution (ODFI). |
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On Pay
Day - Employees'
bank accounts are
credited with their
individual net pay
amounts. |
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