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Payables

Automated Funds Transfer (AFT)

Create a payments strategy to keep your supplier relationships strong – and your payments on time.  

    Save time and optimize your payments process 

    Automated Funds Transfers (AFT) is a secure file transfer service powered by PaymentStream™ that enables safe and simple transfers to and from your business account. 
    Features:
    • Reduce admin time
    • Automate reoccurring customer payments
    • Increase visibility into payments
    • Automate regular payments to vendors and suppliers
    What it costs:
    • $150 one time set up fee
    • $60 monthly fee for automatic release
    • $10 per manual file release
    • $75 additional originator ID fee
    • Security token fees may apply

    How it works

    PaymentStream™ is a service provided by Central1 who is the partner of choice for financial, digital banking and payment products and services for over 250 financial institutions across Canada.

    PaymentStream™ AFT uses the latest two-factor authentication technology to ensure your money is secure from end to end. Users can choose a physical token (hard token) for a fee, or a digital token available for free through your smartphone.

    Once you’ve set up your account through the secure platform, you can input customer information and setup one-time or recurring transactions. You can set up a variety of payment frequencies (ex. weekly, monthly) and can even schedule future dated transactions. Through the secure platform, you can also generate and download reports as needed.

    Learn more by speaking to one of our advisors today.
    Prospera business advisors provide expertise to keep your business running smoothly.

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    Get help with each stage of your business

    Whether you're starting up, growing and busy, stagnating and stuck, or ready to pass the business torch, talk to one of our business advisors for local knowledge and the financial expertise you need on your team.

    More details Book an appointment

    How to reach us

    Call our Member Service Centre

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    1-888-440-4480

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    Saturday 9 am - 5 pm

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