23rd Jun 2016

Online banking vs. payments automation

Online banking isn’t payments automation. Here’s what you need to know:

Infographic showing how online banking compares to payment automation


As a business, it is vital that you have a reliable and efficient payments system in place. This ensures your suppliers can be reimbursed on time and payments can be received from customers in exchange for sale of goods or services.

While organisations traditionally consider online banking as a safe and convenient route to enable this process, inefficient payment routing, risk of fraudulent activity and a requirement for manual intervention have led to incorrect and erroneous processes. Resulting in increased cost for the business.

Payments automation resolves these issues and alleviates increased overheads by:

So, what usually costs businesses valuable hours every month, takes minutes with payments automation.

What will you do with all that additional time?