There are many reasons why replacing cheques with electronic payments not only makes business sense but, also saves cents. We want to share some of these reasons with you in our new Q + A series featuring businesses that have made the move to forget the cheque. Continue reading
In 2016, Telpay is working on several exciting payment products to meet the needs of both businesses and consumers. We expect them to be in operation during the first half of 2016.
Here is what is in development:
Consumer Payments to Utilities with Pay Now!™
As industry adoption of electronic billing increases, so does customer need for a more convenient method of paying those bills. Pay Now™ is Telpay’s patented answer to that need. Available on any email-enabled device, customers can pay their utility and service bills in as few as two clicks, making this the most convenient online bill payment option on the market.
Mobile Payment Solution for Business with Pay Now Plus!
Telpay is developing a new mobile payment solution for businesses that builds on the strength of our payment system. An extension of the Pay Now! offering to consumers, it will be attractive to small businesses that only require one signature for making payments. With very few keystrokes, payments can be made to any registered Telpay biller.
Telpay for Business (desktop version)
Telpay has been engaged in extensive upgrading of our systems, both internal and external. The internal changes will impact customers by providing up to the minute information regarding the status of their payments. We are also in dialogue with major financial institutions with regards to improving pre-funding lead times.
Telpay for Business Online
Telpay is developing an online payment solution to meet the needs of businesses using cloud-based accounting and payroll systems.
FinPay
The Finance Canada Payments Consultative Committee (FinPay) is a federal government forum made up of public and private sector representatives to discuss industry level developments in the Canadian payments system. Telpay is an active participant in these discussions and we are honored to be part of the process.
Watch for more announcements and updates in the coming months.
Photo courtesy of CPA Manitoba and Martin Lussier Photography.
Travis Toet is the worthy recipient of the Telpay Leadership Award 2015. The award recognizes the candidate in the graduating class, who demonstrated significant leadership in the Strategic Leadership Program, along with exhibiting the professional behaviours, ethics and attitudes of a CMA. Continue reading
This is the last article in a series on “Qualifying to Make Sure Telpay is a Good Fit.” The goal is to help educate our ASP Partners how to properly qualify their clients at the beginning of the sales sign up process, by asking the right questions and having all the knowledge needed to ensure the client is a good fit for Telpay and 100% satisfied.
Congratulations on completing the qualifying steps, now it is time to move onto the signup process with the Telpay Application Form. It can be found online at http://www.telpay.ca/business then clicking on the ‘Sign Up Now’ button. Here are three important tips to help you properly complete the application form:
1. We strongly recommended that you complete the application form on behalf of your clients. As their accountant or bookkeeper, you are already familiar with the Telpay form and processes.
2. It is important to remember that when completing the application form, that you enter your client’s business information in the following sections; General Customer Information, Company Physical Address Current Banking Information, etc.,
3. Your contact information is entered under the ‘Primary User’ section. This will have you setup to become the initial point of contact for your client.
If you need further clarification on the application form or other topics we covered such as processing limits, funding options or basic operating facts, please contact your Business Development Consultant at 1.800.665.0302.
This article is part of a series on “Qualifying to Make Sure Clients are a Good Fit.”
Before you break out that Telpay Application, as a Partner you have one more qualifying step to walk through with your client: determining your client’s anticipated payment processing needs. We define this as “Processing Limits”, which is the maximum dollar value payment file that your client is able to process. We recommend you work with your client to help them estimate how much money they will need to meet payroll, payables or a combination of both.
Once you have determined your client’s processing volume, the next step is to choose the appropriate processing limit.
