{"id":12476,"date":"2019-01-17T12:51:10","date_gmt":"2019-01-17T12:51:10","guid":{"rendered":"https:\/\/projecthermes.wpengine.com\/autodeposit-your-open-door-to-revenues\/"},"modified":"2023-08-11T14:02:53","modified_gmt":"2023-08-11T18:02:53","slug":"autodeposit-your-open-door-to-revenues","status":"publish","type":"post","link":"https:\/\/innovation.interac.ca\/fr\/autodeposit-your-open-door-to-revenues\/","title":{"rendered":"Autodeposit: Your open door to revenues"},"content":{"rendered":"

In a previous post we talked about one of Interac<\/em> e-Transfer\u2019s useful new features, Request Money, which allows users to send digital requests for money to any individual or business with a Canadian bank account \u2013 a feature that improves cash flow and reduces processing costs for businesses and their clients and customers.<\/p>\n

In cases where Request Money is not being used, however \u2013 for example, if a business is sending invoices and then allowing customers to pay on their own initiative, numerous digital transfers of money to a single small organization can create their own overhead. Each e-Transfer has to be accepted individually when a notification is received, and while this process has been designed to be fast and convenient, answering multiple security questions and accepting multiple payments can be time-consuming \u2013 especially for smaller firms.<\/p>\n

This is where our second recent feature, Autodeposit, comes in. Autodeposit allows a user to register a particular email address to an account; when any e-Transfer is received via that email address, the money will be automatically deposited into the specified bank account, without requiring any action from the recipient<\/strong> (notifications will still be received, of course, for information and tracking purposes). Not only does this save time for the recipient, but senders no longer have to specify security questions and answers for such transfers.<\/p>\n