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THE NEW STANDARD FOR DISBURSING FUNDS INTO MULTIPLE ACCOUNTS
Money moves in more than one direction, and so should your payment solution. Modern Payments offers organizations a powerful way to send money to one or multiple accounts. It's called PayForward, Modern Payments' commercial-grade funds disbursement application. Whether you're an employer who wants to send commissions to sales reps via direct deposit, a company that wishes to pay vendors electronically, or simply issue customer refunds, PayForward is the answer. Now companies of any size have the kind of powerful funds disbursement system once available to only the largest businesses.
REDUCE ERRORS. PAY ON TIME. IMPROVE WORKFLOW.
Here's how PayForward works. Enter the account number from which you wish to debit funds. Enter the payee's account information (note: this may be done either individually, or by batch upload process.) Create the disbursement amount or amounts, and then confirm the total processing amount and preview for secondary authorization. Once the supervisor authorizes, if necessary, the file is queued for processing. Finally, Modern Payments debits the total processing amount from the merchant and disburses funds to the payees. It's easy, fast and virtually error-free.
PAYFORWARD FEATURES
- One-to-one
- One-to-many
- Batch processing
- Requires dual authentication for added security
- Daily and monthly limits
- Reserve balance for next-day funding
- Recurring disbursement option
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