Posted by Jason Hachkowski on Mon, Jun 07, 2010 @ 10:45 AM
Is your Business Prepared? 
Writing cheques is rapidly becoming a thing of the past, and the truth is they are costing your business a lot of time and money. The cost savings of paying your bills electronically using TelPay can amount to an average of $1,450 to $2,900 annually for businesses that writes 50 to 100 cheques per month!
While cheques have traditionally been the leading method for paying business expenditures, today more and more businesses are opting to pay their bills electronically. With TelPay's pay anyone, anywhere capability your payee list is endless.
Each time you pay a bill electronically your business saves money. Take into consideration the cost of banking and credit card merchant fees, plus paper and postage expenses, not to mention your valuable time; paying your bills electronically with TelPay just makes sense.
Why are businesses adopting paperless bill payment systems?
• Businesses can save up to 78% off the cost of manual processing, by paying their bills electronically. It costs the average company $2.57 for every cheque they write (see our savings calculator for a detailed analysis)
• Electronic payments are safe and secure - there is less risk of fraud and TelPay provides you the option of single or dual authorization functionality offering you greater accessibility and management of business expenses.
• Recurring payments can be made, thereby eliminating late fees and penalties
• Paper cheques can get delayed, lost, stolen or damaged in the mail, but with electronic bill payment your payments will be made on time, every time
• Creates a more efficient process for posting and reconciling accounts by maintaining a clear audit trail including account distribution and payment history.
• More control of expenditures as you do not have to wait for the cheque to clear your account
The trend is undeniable: Business owners are streamlining their operations by using easy and cost effective electronic bill payment solutions from TelPay. With over 25 years experience as the leader in electronic payments, TelPay provides your business with advanced payment solutions allowing you to adapt and excel in this rapidly changing business environment.
Posted by Jason Hachkowski on Thu, Apr 22, 2010 @ 01:59 PM
A blog entry on April 22nd couldn't really be anything other than a post related to how much we save the environment! Being the largest independent payment processing company in Canada, and a "Green" innovator in the world of electronic payments, one could imagine that we have a lot to talk about.
By eliminating paper cheques, TelPay estimates that in 2009, it was able to save:
- 77,500 kilograms of paper (171,000 lbs)
- Over 2000 trees
- 3.8 million pounds of greenhouse gases from being released
- Over six million litres of waste water from being discharged
- Eight dump trucks worth of waste from paper production
- Nearly 350,000 litres of gasoline from being consumed due to mailing bills, statements, and payments
(source: PayitGreen Business Calculator)
TelPay has been helping Canadian financial institutions such as CIBC, the Credit Unions, and businesses of all sizes to process electronically for the last 25 years. Having been the first Canadian company to do so, TelPay has made it possible for all these companies to process electronically.
The staff is also actively involved in ensuring that as a company we all do our part. Having a dedicated "Green Team" helps us to ensure that we keep moving in the right direction. The company has already implemented a recycling program, e-faxing, duplex printing, and paper/ink saving fonts to help save paper, and reduce TelPay's overall carbon footprint.
If you have any "green" initiatives that you would like to share with TelPay, we would love to hear from you! You can either comment in the form below, or send a email to us: webmarketing (at) telpay.ca