Telpay is thrilled to announce its latest integration with Sage Business Cloud Accounting, an essential tool for small businesses offering efficient accounting features like invoicing, expense tracking, and financial reporting.
This integration combines Telpay’s all-in-one online payment platform with Sage, creating a solution that significantly improves the security and efficiency of payment processes for business owners, accountants, and bookkeepers.
For Telpay Online customers, the security of payment transactions is not just a feature—it’s a fundamental necessity. By incorporating two-factor authentication (2FA), you not only enhance the security of your financial operations but also strengthen the trust and confidence of your clients, partners, and stakeholders. This demonstrates a commitment to safeguarding sensitive financial data, which is paramount in today’s digital world. Let’s explore how 2FA secures your transactions and bolsters trust in your financial operations.
Starting January 1, 2024, there is a significant change in how businesses can make payments or remittances to the Receiver General of Canada (CRA).
What You Need to Know:
New Electronic Payment Requirement: For transactions exceeding $10,000, electronic payments are now mandatory. This change aims to streamline processing and enhance security.
Penalty for Non-Compliance: If payments are made non-electronically for amounts over $10,000, the CRA may impose a penalty of $100. Visit the “Payments to the CRA” page for comprehensive information and guidance
In the summer of 2017, an accounts payable employee at MacEwan University received an email that, at first glance, appeared innocent enough. The Edmonton-based institution was in the midst of a massive construction project, and one of its vendors requested a change in their banking information. What made this email particularly convincing was the fact that it bore the vendor’s official logo. But appearances can be deceiving. This seemingly harmless email led to a devastating discovery, highlighting the alarming prevalence of fraud in today’s business landscape.
It wasn’t long before the truth came to light. A few months after making the requested change, MacEwan University discovered that it had fallen victim to a phishing scam, resulting in a staggering loss of $11.8 million. This incident served as a stark reminder that email fraud cases, especially those involving Business Email Compromise (BEC), have become distressingly commonplace in recent years.
In the spirit of Small Business Month, we’re excited to share an inspiring success story that highlights how innovative payment solutions can empower small businesses to achieve growth and efficiency. Meet Paul Aucoin, the founder of Aucoin Enterprises, a thriving small business that has effectively utilized Telpay’s payment platform to simplify operations and enhance customer satisfaction.
Paul Aucoin is the driving force behind Aucoin Enterprises, a nimble team of seven highly skilled professionals. With over a decade of industry experience, they specialize in accounting, bookkeeping, business management, and payroll services. Despite their small size, they’ve made a significant impact by serving a diverse clientele, including film and television, the music industry, iconic Toronto coffee shops, and so much more.