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

Strengthening Payment Industry Oversight

The Federal Department of Finance recognizes that the current regulatory framework for payment service providers is focused narrowly on institutions like banks and payment card networks. As new payment options, provided by non-traditional market participants, continues to grow, so too do the number of market participants that fall outside the existing regulatory framework.

To address the oversight gap, the Federal Department of Finance is currently exploring options to expand its regulatory oversight framework based on a functional approach. A broadened focus will most importantly benefit and serve the interests of end-users.

Telpay is involved with the Federal Department of Finance’s oversight framework project and is a participating member of the department’s consultative committee, FinPay, which met in April in Ottawa to discuss industry oversight.

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

What is a Biller?

In discussing electronic payments made through Telpay’s secure payment systems, we may at times use unfamiliar terms. To help you have a better understanding, we’ll be providing a series of articles that explains Telpay’s terminology.

What is a Biller?
Billers, simply put, are businesses or individuals that you need to send money to using Telpay for Business. These can be suppliers, employees, consultants, contractors, utilities, donations, credit cards and government remittances.

With Telpay for Business, you can quickly look up these billers with our convenient biller search field. If the company or individual is not in our system, no problem; simply add your biller’s information using the detailed payment screens.

To learn more about Telpay Billers, contact one of our representatives service@telpay.ca or call 1-800-665-0302.

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

What’s Cracking For April Webinars

Spring has sprung and it’s time freshen up your Telpay knowledge. We want to ensure you’re a bright-eyed bushy tail bunny when it comes to your payments.

Sign up now as these webinars are hotter than hot cross buns because some lucky bunny will have a chance to win one of two $50 Amazon Gift Cards*.

Our customers love our webinars and you will too. Litze Boghean from Coastal Craft was our March webinar winner, here’s what she had to say;

“The Telpay webinars were very informative. I learned how to enter new Biller information, including information to pay Provincial and Federal taxes. I also learned how to provide the Biller with invoice numbers and other information. There was also lots of useful information on USD Payments, as well. I enjoyed the webinars and will use the information in my daily transactions”.

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

Flexible Bill Payment Options with Telpay

When it comes to any payment you’re making, you have options with Telpay.

It’s something we’ve always prided ourselves on – being flexible to the methods our clients prefer. It’s what has made Telpay for Business one of the most advanced electronic payment systems in Canada.

We’d like to take a moment to tell you about the options available to you.

Option 1: Integration with Accounting Software
The first is importing through your accounts payable systems. As we’ve talked about in the past, our platform integrates smoothly with your accounting software, which helps you streamline your payment processes.

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

Pay All Your Bills and Save!

When we speak with a new client, a common question that comes up is about the breadth of bills and payments you can make using Telpay for Business.

We tell them – at times to their surprise – is that the possibilities are endless. Not only can you provide secure payments to your suppliers, but to your basic business service providers as well. Company credit cards, phone, electricity, internet providers… they are all within your sphere of payments through Telpay; and the more you do with us, the more you save!

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