Safe, secure and convenient
With Meridian’s Commercial Automated Funds Transfer (CAFT) service, you can easily provide your customers with pre-authorized payments or electronic payroll for your employees. Recurring payables and receivables can be automatically processed for easy and cost-effective cash management.
CAFT service is both simple and convenient: once you have access, just upload your file through our secure web-based application and the funds are deposited or withdrawn directly into/from the individual accounts you've specified, saving you time and reducing operating costs with writing, distributing and reconciling paper cheques.
Key Benefits and Features
Simplify direct deposit
- Automate your payroll process by depositing funds directly into your employees' accounts
- Make recurring payments to suppliers
Collect payments conveniently
- Automate the collection of monthly membership fees, maintenance fees or rent
- Use as a donation collection tool for Charities, Churches and Non-Profit Organizations
- Time your payments accurately to help with budgeting
Meridian CAFT Secure Upload Website
Click here to access.
