BizPay from Allied Payment is a small business payment solution that allows financial institutions to more aggressively pursue small business banking relationships. While small businesses are one of the most underserved segments of the banking industry, they are often more willing to pay fees for convenience and added services.
BizPay uses a "good funds" model. With this model, there is no ACH risk exposure to the institution. Customers can send electronic payments with guaranteed funds.
Electronically send payroll to employees
Perform transfers to external accounts
Send electronic invoices to clients using email
Create a digital file cabinet of bills