Payment Services
PaymentStream™ AFT (Automated Funds Transfer)
PaymentStream AFT is a product for Customer Automated Funds Transfer. It facilitates processing and settlement of pre-authorized debits and direct deposit transactions. This service has a streamlined interface and effective limits and controls.
PaymentStream AFT includes:
- Enhanced originator ID limits to assist with risk mitigation
- Real-time file validation during file upload and release process
- For File Upload and Manual Release email confirmations sent only when a file is validated successfully. Automatic release will still get email confirmation if a transmission rejects.
- Added risk controls for dual authorization
- Added risk threshold controls
- Canadian or U.S. dollar transactions can be originated as long as the recipient’s account is held at a Canadian financial institution
- Ability for individual record release
- Ability to release AFT transactions up to 14 calendars days in advance
- Ability to download AFT product reports in CSV and PDF formats
- Retention history for up to 18 months
Please review our information BROCHURE to see if this is a product your business could use.
Here are some tutorial videos that may be of assistance:
Manual Release Adding an AFT Record
Manual Release Managing AFT Records
Manual Release: Releasing Transactions
Manual Release: AFT Reports
Manual Release: Settlement Reports for Business Originators