SAVE TIME AND MONEY WITH AUTOMATED SOLUTIONS
Automatic Fund Transfer (AFT) is a convenient and cost-effective way to deliver or receive payments
Regulated by the Canadian Payments Association, Automatic Fund Transfer (AFT) and powered by PaymentStream™ is a convenient and cost-effective way to deliver or receive payments.
Whether you need to pay employees and suppliers, or collect payments from your customers, AFT will accommodate all types of businesses such as, payroll processors; property management, leasing and rental companies; fitness centres and gyms; manufacturers, retailers, charities, insurance companies and many more.
Automatic Funds Transfer is accessible through a secure, user-friendly web-based application.
Contact your business banking advisor if you have any question or to get started with automated funds transfer.
PaymentStream AFT introduces 2-Step Security. 2-Step Security is a method of authenticating a user by confirming two factors of authentication:
*A token is required to access the AFT application from PaymentStream
You have the choice between whether you’d like to use a soft or hard token.
A soft token is installed on the user’s trusted device, Smartphone, tablet or iPad. The device must first have an authenticator app installed for the security process to work. Our recommendation is to install the Google Authenticator app. With a hard token, you have a physical device that you can obtain from Island Savings.
Forced Mandatory Approval
As an additional security feature, PaymentStream AFT offers forced mandatory approval. As such, for organizations with a combined monthly limit beyond a set threshold, second approval is mandatory. For combined monthly limits below the set threshold, you have the ability to request mandatory second approval as an additional security measure.
Whether you’re learning the new system or running into issues, our support library is available to provide you with a variety of guides and how-to videos. Alternatively, if you’re unable to find what you’re looking for or are having technical difficulties, please reach out to your branch advisor. They will be able to help you with any questions or concerns you may have.