Same-Day EFT Payments Canada | Intelligent iQ11 Payments

Bring your bank account payments into the digital age with VoPay’s proprietary Intelligent EFT service - iQ11.

Embed bank account connection flows into your platform and tokenize customer details to push and pull EFT payments the smart way.

Intelligent Bank Account Payments For Business

Gain financial clarity with smarter payment technology that helps you make better business decisions.

Faster EFT Payments

Send EFT payments in near real-time using VoPay Instant to modernize your bank account transactions.

Account Tokenization

Generate iQ11 tokens for customer bank account details and use them for account verification and future payments.

Verify Bank Account Balance

Validate customer bank account details and verify available balances at the time of payment collection to reduce NSFs.

Unlimited Virtual Accounts

Separate EFT payments and control the flow of funds using VoPay’s Ledger Management technology.

How Do iQ11 Payments Work?

1

Customer Initiates Bank Connection

Through payment or onboarding, the customer securely logs onto their online banking through a custom embedded iFrame.

2

iQ11 Token Is Generated

Once a secure connection is made, VoPay generates a unique iQ11 token to identify the user’s selected bank account.

3

Bank Account Verification

VoPay then validates the bank account details and verifies the available funds and account performance history.

4

Tokens Can Be Reused

iQ11 tokens can be stored and used when calling API endpoints without the user providing bank details.

1

Customer Initiates Bank Connection

Through payment or onboarding, the customer securely logs onto their online banking through a custom embedded iFrame.

2

iQ11 Token Is Generated

Once a secure connection is made, VoPay generates a unique iQ11 token to identify the user’s selected bank account.

3

Bank Account Verification

VoPay then validates the bank account details and verifies the available funds and account performance history.

4

Tokens Can Be Reused

iQ11 tokens can be stored and used when calling API endpoints without the user providing bank details.

Remove Friction With Smart Embedded Payment Flows

Give your customers the ultimate payment experience by embedding transaction workflows into the core of your platform.

Drive more revenue, increase customer loyalty and provide a seamless user experience with iQ11's secure bank account connection technology.

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Maximize Payment Security With Tokenization

Avoid storing sensitive customer information such as bank account details by generating a unique token for them.

Tokens can be used to complete future payments, verify account balances and to monitor account performance, without requiring the user to provide credentials.

Explore API Docs

Speed Up EFT Processing Times With iQ11 Payments

iQ11 allows EFT processing times to be brought down substantially, with most transactions clearing in 1 business day.

You can even go one step further with our proprietary VoPay Instant payment rail, which allows you send money via EFT in real-time.

Explore VoPay Instant

Intelligent Payments Built For Any Industry

Our recipes are designed to give businesses in any industry a fast integration with the VoPay platform.

Gig Economy

Instant earned wage access for workers to keep them loyal to your platform.

Lending

Low-cost deposits that arrive in your customers’ accounts instantly.

Property

Handle large payments at scale and don’t leave your customers waiting.

Account To Account

Move money between bank accounts with speed, efficiency and control.

SaaS

Better recurring billing and reduced fees for subscription platforms.

Easy EFT Collections on The VoPay Portal

Use the VoPay Portal to get started sending and collecting funds via EFT with ease.

Manage all your transactions in one place and use our accounting integrations to connect your payment data to your accounting software.

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