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Q:
What types of ABMs can be connected?
A:
Most major makes and models of ABMs that are
compliant
with Canadian/Interac®, Mastercard and Visa
standards can be
connected.
Q:
How and When are fees paid?
A:
As part of the ABM Engagement Agreement, you
may
specify how you need the fees distributed.
Fees
can be split to multiple bank accounts based on
fixed amounts or percentages. Splits can also
be
done based on volume by either number of
transactions
or dollar amounts.
Settlements
of dispensed vault cash, surcharge
and
interchange fees are processed and paid*
next
business day (excluding bank holidays).
Depending
on your operational needs, the fees can be
sent either to your management company or
directly
to other stakeholders.
*Payments
can only be made if complete account
documents are received, including
Authorization
to Deposit and VOID Cheque. Payments
may be
held
if below minimum transfer amounts.
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