Posted by Jason Hachkowski on Fri, Jun 04, 2010 @ 12:04 PM
TelPay is releasing the latest version of its business software! We've been listening to our customers, and have introduced several improvements to the way the software works.
Some of the most exciting new features of version 6.6 are:
1. Increased biller list. TelPay's biller list has gone from 4000 to nearly 40,000 billers, with new billers being added daily.
a. This means fewer biller import charges due to the larger standard biller list.
b. This will improve the speed and accuracy of bill payments.
2. Improved error-checking on biller account numbers and duplicate invoice checking will help you avoid errors.
3. More flexibility to delete payments in the "View/Transmit Payments" screen means greater accuracy, with less work.
4. Email notifications when paying individuals ensures that your payee knows when a payment has been sent to them.
5. Improved payment history gives greater visibility to past transactions.
6. Payment Method Indicator - Know which of your payments will be made via cheque, and which will be made electronically before the payment is made!
7. Greater control over banking information with QuickBooks and Simply Accounting when importing payments.
8. Expanded printing options, you decide whether or not to print, and where to print to.
We will send you an email to notify you when TelPay 6.6 is ready for download. We sincerely hope that you are as excited about this latest release as we are.
Sincerely,
The TelPay for Business Team
Posted by Jason Hachkowski on Thu, Apr 01, 2010 @ 02:59 PM
The practice of leaving sensitive information on paper cheques is becoming increasingly risky. A technique known as cheque-washing is often used to commit fraud against businesses and individuals.
Cheque-washing is when cheques are "washed" (cleaned of their original information) and then cashed for different amounts than they were originally written for and by different people than the intended payee. In order to have these charges reversed, the victim will have to file a police report, fill out affidavits for the bank, and prove to the person/merchant that is being paid that it was fraud. This can be a very lengthy process which can seriously undermine the trust of your business partners and can damage your sense of security.
You can eliminate your risk of falling victim to cheque fraud. The easiest way is to simply pay electronically, and leave the security to TelPay! Our proven system will ensure the highest level of security and confidentiality with your electronic payments. TelPay has multiple layers of fraud detection built into both the software and our processes, keeping you and your business safe from fraud.
In the event you are still writing paper cheques, here are a few steps that you can take to protect yourself.
1) Use high-quality cheques which employ security features
2) Split responsibilities so that no one person is solely responsible for issuing cheques
3) Keep cheque stock in a secure location and minimize who has access to it
4) Reduce cheque usage as much as possible and use either electronic payments or pre-authorized debits
5) Use cheque paper which bonds the toner to the paper
These five points will assist the "in house" security of your cheques and cheque processes. While we realize that it may be impossible to completely eliminate cheques, it is possible to reduce your business' reliance on them, and in the process, reduce your fraud risk