Canadian Electronic Funds Transfer (Canada EFT Processing) provides a convenient and cost-effective solution for managing Canadian e-check transactions.
Canadian EFT processing can be more challenging than US. In Canada a handful of banks control the payments ecosystem. It can be difficult to gain access to the EFT processing capabilities.
By partnering with AgilePayments you can leverage an easy to implement solution to debit or credit Canadian bank accounts electronically. This dramatically reduces time and money spent on payment collection.
Integrate Canada EFT Processing as a stand alone or in conjunction with US ACH processing. One single system to manage both U.S. and Canadian e-check transactions and reporting data for reconciliation. Initiate recurring payments or one-time payments from your application.
Key Benefits and Features
An EFT Payables solution from Agile Payments allows your business or SaaS platform 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
Contact us now for more information on Canadian EFT