Automated Funds Transfer (AFT) Service
Process payroll, supplier payments, and customer collections with PaymentStream™ AFT, a secure web‑based platform.
Why businesses choose PaymentStream™ AFT?
This service facilitates the processing and settlement of pre-authorized debits and direct deposit transactions, to and from suppliers, customers and employees.
Flexible options
Service options tailored to your business needs
Real-time validation
Instant validation during file uploads and release
Email alerts
Notifications for all successful file submissions
User permissions
Custom access with single or dual authorization
Transaction limits
Daily and monthly limits with automatic resets
Secure access
Two-step authentication and up to 18 months of history
How it works
- Upload files you create or generate yourself. Key in necessary information directly into PaymentStream AFT.
- 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.
- Process/upload AFT files two business days in advance of the due date to ensure deposits/debits are processed on the due date requested.
Service options
- 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 before 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.).
This information is also available for download.
Service fees
| Service | Description | Fee |
| Originator Setup | Set up originator ID for your business | $150 |
| Additional Originator Setup | Add another originator ID | $75 |
| Transaction Charge | Per debit or credit, billed monthly | $0.25 per transaction |
| Manual Release | Per AFT file released | $10 per file |
| Auto Release | Monthly fee for automatic release | $50 per month |
| File Upload | Per AFT file uploaded | $10 per upload |
| Soft Token | Mobile app for two-step authentication | Free |
| Statement Retrieval | Monthly statement (self-serve option free) | $5 per statement |