Automated Funds Transfer (AFT) Service

• Upload files you create or generate yourself. Key in necessary information directly into PaymentStream AFT. Choose from two different types:
  • Manual Release: log in and create or release the batch (file) before each due date. Multiple due dates can be released at the same time up to a maximum of 14 days in advance.
  • Automatic Release: the system identifies data that has been entered and releases it automatically three business days prior to the scheduled due date. This eliminates the need to log in to the system unless you have to update information (amounts, bank account information, etc.).
• Complete direct deposits for payroll and/or collect direct debits for membership fee amounts.
  
• Reconcile batch totals in PaymentStream AFT to your own internal records.
• Ensures accuracy of account numbers and amounts in PaymentStream AFT compared to your own software (file upload only).
• Process/upload AFT files two business days in advance of the due date to ensure deposits/debits are processed on the due date requested (less than two-days lead time may result in delay in processing/deposit times or the inability to correct errors before posting).

Service Fees