Category Archives: Payroll Direct Deposit

Telpay Payment News
Bringing You Payment Insights, Trends and Best Practices

Forget the Cheque in 2016

forget-cheque

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

Telpay Payment News
Bringing You Payment Insights, Trends and Best Practices

Non-Processing Days That You Need to Know

non-processing-reminder

At Telpay, we do not process payments on statutory holidays. We refer to these holidays as non-processing days.

Due to the nature of our service, we rely on banks and credit unions to move money.  When the banks close for the holidays, Telpay cannot process any payments.  If your payment is on or around a holiday (non-processing day), you will need to add a day(s) to your funding timeline or adjust your payment deposit date.

When are the upcoming non-processing days?

  • Christmas Day – Friday, December 25, 2015
  • Boxing Day – Saturday, December 26, 2015 *observed on Monday, December 28, 2015
  • New Years – Friday, January 1, 2016
  • Provincial Holiday – Monday, February 15 , 2016 *observed in Manitoba, Alberta, Saskatchewan, Ontario, Nova Scotia and PEI
  • Good Friday – Friday, March 25, 2016
  • Victoria Day – Monday, May 23 , 2016
  • Canada Day – Friday, July 1, 2016
  • Civic Holiday – Monday, August 1, 2016
  • Labour Day – Monday, September 5, 2016
  • Thanksgiving – Monday, October 10, 2016
  • Remembrance Day – Friday, November 11, 2016

What if I want to make a payment on a statutory holiday?

Since banks are closed on statutory holidays, Telpay cannot  process any payments you submit on non-processing days.  Adjust your payment date(s) to accommodate non-processing days.

How do non-processing days affect my funding?

Non-processing days are also non-funding days.  Non-processing days are not included in the total lead time for payment funding.  You will need to adjust the number of lead time days to fund your payables and payroll on time.

Does Telpay send out holiday reminders?

We do our best to give customers advanced notice of upcoming non-processing days. We send our customers non-processing day reminders by email, monthly newsletters, Telpay’s social media channels and the important dates are listed online at support.telpay.ca.

Plan ahead for the holidays!

The holiday season is right around the corner!  During the holidays, Telpay will not process or accept funding for any payments on December 25, December 28 and January 1. Start planning now for your payroll and/or payables with our handy Funding Timeline Schedule.

Plan your payments ahead so that you can focus on what matters most this holiday season.

Telpay Payment News
Bringing You Payment Insights, Trends and Best Practices

Qualifying: How to Make Sure Clients Are a Fit

fit-web

As much as we would like you to sign up all your clients with Telpay, it is also important to make sure that Telpay is a fit. That is why qualifying right off the hop is very important. Just like qualifying in sales, it’s all about asking the right questions to make sure the needs of that business can be met by the Telpay solution. Continue reading

Telpay Payment News
Bringing You Payment Insights, Trends and Best Practices

Payroll Direct Deposit a Success at CPA

cpa-show

The Canadian Payroll Association’s 32nd Annual Conference & Trade Show was held on June 17- 20 at the Sheraton Centre in Toronto. Telpay attended as an exhibitor in the trade show portion of the event. This conference attracted payroll professionals from across the country of all experience levels due to diversity of the seminars and exhibitors.

“We showcased Telpay’s payroll direct deposit, and it also generated a ton of interest in our bill payment feature,” stated Sean Camara, Business Development Agent.

Thank you to everyone who stopped by our booth.  This event was a great success and we are excited to come back!  Next year, we won’t be so camera shy.

Continue reading

Telpay Payment News
Bringing You Payment Insights, Trends and Best Practices

Building Relationships With Electronic Payments

march-banner-blog

Everyone likes getting paid. When your business uses electronic systems to send money directly into bank accounts, it says a lot.

I once had a client tell me; ‘When I send money electronically, it makes my business look more professional, as if we are bigger than we are.’

As some of you may know, Telpay’s system gives businesses the ability to send money anywhere, with just a few clicks of the mouse. That’s very powerful.

Understanding how paying electronically impacts the receiving party is important. Here’s a look at how the people and businesses you pay feel about getting paid by direct deposit to their bank accounts.
Continue reading