Payment of eInvoices
PayTo can be used to support elnvoicing so businesses can get paid faster. Payment times can be significantly reduced and the procure-to-pay process transformed
Enhanced cashflow
PayTo can support eInvoicing so businesses get paid faster
PayTo supports straight through processing for businesses when paying eInvoices, with a seamless customer experience. Pre-authorised payments are processed in real-time with funds immediately available in the recipient’s bank account
Always on
Payments processed 24/7 every day
Faster processing
Interoperable with PEPPOL
Interoperability with the PEPPOL framework is supported with invoice attributes mapped to the NPP payment message, allowing for faster processing and more efficient reconciliation
Interoperable with PEPPOL
Efficient reconciliation
Reduced mistakes and fraud
Simpler addressing with PayID
Using a PayID instead of BSB and account number enables simpler addressing. The confirmation of payee step can help reduce mistaken payments and fraud
Payee confirmation
Reduce mistaken payments and fraud