R365 Payments:
Your Questions Answered
We are making some exciting updates to R365 Payments! This FAQ page clarifies the changes and highlights the benefits for you.
 
															Benefits
					 Faster Verification 
							
			
			
		
						
				
					 Streamlined Reconciliation 
							
			
			
		
						
				All your payments, regardless of type, will be consolidated into a single bank transaction, making reconciliation easier. Batch codes, payment IDs and additional auto-matching bank rules ensure an accurate, seamless reconciliation between each of your payments and the withdrawal from your bank.
					 Enhanced Security Measures 
							
			
			
		
						
				
					 Returned Funds 
							
			
			
		
						
				
					 Detailed Payment Tracking (Coming Soon!) 
							
			
			
		
						
				Important Considerations
					 Batch Payments 
							
			
			
		
						
				Your payments will be debited from your bank account as one lump sum on the day of processing: Â
- All your payments, regardless of type (ACH, vCard, or check), will be consolidated into a single bank transaction for easier reconciliation. Â
					 Returned Funds Processing 
							
			
			
		
						
				
					 Future Processing Speeds 
							
			
			
		
						
				ACH payments in 3-4 business days.
vCard payments in 5-6 business days.
Check payments in 7-10 business days.
					 New Check Format 
							
			
			
		
						
				Checks will be issued out of a R365 clearing account to protect your banking information from check fraud. Your company name and return address will continue to be displayed.Â
