Subscribed RBC business banking customers can facilitate the Interac e-Transfer feature
Interac payment solution for businesses goes live in Canada. Source: shutterstock.com
RBC now offers the Interac e-Transfer: Bulk Request Money feature to its business banking clients.
The feature is a digital, subscription-based service allowing businesses to send multiple payment requests at once. It also includes automated reminders to streamline the process and make it less time-consuming.
The Interac payment solution provides a simplified initiation process. It means that payment reminders can be facilitated with the users’ email or phone number, eliminating the need for customer bank account details or void cheques.
Along with that, all payors will automatically receive email or SMS reminder notifications to fulfill payment requests.
The Interac e-Transfer also produces tracking of outstanding accounts receivables and payment reconciliation reports for business clients.
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