Improved business processes
PayTo is always on, so businesses can improve the efficiency of outsourced functions like payroll and accounts payable.
Streamlined payments for payroll and accounts payable
Businesses can authorise third parties such as cloud accounting and payroll providers to initiate real-time payments on their behalf, directly from their bank account. Real-time notifications supported by APIs will help you know immediately if payments have been successful
Pay employees and suppliers in real-time
PayTo payments are made in real-time and are always available with no cut-off times. Improve cashflow management without the need to pre-fund payroll runs and accounts payable
Initiate payments from all eligible accounts
PayTo users only need a single connection point to the New Payments Platform (NPP) to be able to initiate payments from all NPP enabled eligible accounts. This can be through any organisation that offers PayTo services