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.