Cash Management Services
All UCU Small Business members will be offered our cash management services available through Central1's Payment Stream AFT* Service for Credit Union Corporate Members. Payment Stream AFT is a web-based user interface which allows members to originate one time or recurring electronic payments for distribution to any financial institution in Canada.
ucubiz Cash Management Services include:
- Payroll
- Fee/accounts receivable collection
- Payments for Service
- Payments to suppliers
CONVENIENCE:
- Information is available 24 hours a day to authorized users
- Very user friendly, intuitive system
- Includes reporting and processing notifications
- Only equipment required is a computer with an internet connection!
- Settlement is made on the due date entered
- Available in multiple due date frequencies
- Information can be added by individual data entry or file upload
- Conforms to the Canadian Payments Association (CPA) Standard 005 file format
BENEFITS:
- Flexible Cost Effective (reduce cost of time associated with cheque production, delivery and reconciliation)
- Improved security (reduces the risk of lost, stolen or forged cheques)
- Control (allows companies to designate their own authorized users so access is restricted)
*Central1 Payment Stream AFT administration set-up and ongoing user fees will apply. If UCU set-up assistance is required, a one-time fee of $150 will apply.
PaymentStream Instructional videos
Below are a set of handy videos to teach you how to use various PaymentStream features
PaymentStream AFT – User Management>
1 – Adding PaymentStream AFT Access
2 – Modifying and Removing PaymentStream AFT Permissions
PaymentStream AFT – File Upload
1 – Originator Information Page
2 – Testing an AFT File
3 – Uploading an AFT File in Production
4 – Approving Uploaded AFT Files
5 – AFT Reports
6 – Settlement Reports for Business Originators
7 – Archived Tasks
PaymentStream AFT – Data Entry Automatic Release
1 – Originator Information Page
2 – Adding an AFT Record
3 – Managing AFT Records
4 – Approving Added and Edited AFT Records
5 – AFT Reports
6 – Settlement Reports for Business Originators
7 – Archived Tasks
PaymentStream AFT – Data Entry Manual Release
1 – Originator Information Page
2 – Adding an AFT Record
3 – Managing AFT Records
4 – Releasing Transactions
5 – Approving Released AFT Transactions
6 – AFT Reports
7 – Settlement Reports for Business Originators
8 – Archived Tasks
