What is the QCBT Payment Exchange and how does it benefit my business?
Built with today's business owner in mind, QCBT Payment Exchange allows users to process payments in just a few clicks. Clients can easily send a single check or import a check run. Whether it's 2 checks or 200, Payment Exchange can securely send them in minutes.
While paper checks are among the most widely accepted payment methods currently available, manually issuing checks is costly and inefficient. Payment Exchange eliminates the process of loading check stock, printing, signing, stuffing, stamping and mailing checks. Payment Exchange eChecks take everything you love about paper checks and combines it with the speed and ease of email. Clients who prefer paper checks can benefit from the Payment Exchange Print+Mail option to have checks printed and mailed instead.
"Payment Exchange has worked wonderfully when processing large check batches remotely, and even printing the one-off checks without having to run into the office." - Payment Exchange client (not for profit association)
What check disbursement and automated delivery features are available?
Our digital transaction engine offers two flexible, automated check delivery methods managed directly within your secure commercial portal:
- Instant eChecks: Securely generate and email digital checks directly to your vendors and recipients in minutes for a baseline transaction rate of $0.55 per check.
- Automated Print+Mail Services: Eradicate manual check stock handling entirely. For $0.75 per check plus bulk postage, branded commercial checks are automatically printed, stuffed, and mailed on your behalf. This service features a same-day processing guarantee for all files submitted before our 2:00 PM CT cut-off deadline.
How does the system protect commercial accounts against check fraud?
Security is embedded directly into our disbursement workflows. To maximize asset protection, the system automatically uploads all issued check data straight to our advanced Positive Pay Fraud prevention framework, running an immediate validation check to block unauthorized or altered entries from compromising your funds.
How do I integrate my accounting platform with Payment Exchange?
No double entries. No additional investment. No changes to your current AP process. Simply export a file from your accounting software that contains the email addresses and remittance data for the checks you want to send. Upload the file to the Payment Exchange account and with just a few clicks, any number of checks may be delivered quickly and efficiently.
Whether you're a large corporation, small business, or non-profit organization, QCBT Payment Exchange has the versatility to benefit businesses of any size.
"The Payment Exchange platform has changed how we make vendor payments over the last year. This service allows for dual control and integrates easily with positive pay. Our vendors who are set up for electronic payments have boasted about the fast payment turnaround and the ease of use. This platform truly is the future of payment processing and we are excited to be on the front line of this technology." - Payment Exchange client (Property Management Group)
How to Enroll in Business Payment Exchange
Get started using Payment Exchange now through our Business Online Banking application, listed under Payments. Fees will be calculated on a monthly basis and debited to your account.
- eChecks: $0.55 per Check
- Print+Mail: $0.75 per Check
- Postage: Pass Thru Bulk Postage Rate
Ask our Treasury Management Team how to get started using Payment Exchange now. Fees will be calculated on a monthly basis and debited to your account.
Payment Exchange Support
Monday - Friday 8:00 am - 5:00 pm CT
Note: Information provided through email is transmitted over an unsecure connection. Do not send account numbers, account service requests (e.g. stop payment) or other personal information.