Deluxe Payment Exchange

Businesses have bills to pay, and checks are an essential tool—but they can also be expensive, slow and risky for fraud. Pinnacle has partnered with Deluxe® to offer Deluxe Payment Exchange (DPX), a low-cost, outsourced payment solution designed to automate and improve payments by check while reducing payment fraud risk. 

Outsourcing the creation and delivery of check payments allows your company’s team to focus on more value-added tasks. Pairing it with Positive Pay brings peace of mind by ensuring each check presented for payment matches the check that was created. DPX is ideal for companies of all sizes and transaction volume and is especially suited for those underserved by tools with minimum volume requirements. It’s also an excellent offering for businesses that have experienced check fraud and are unable to create their own Positive Pay files. 

How It Works

• Enroll and link your checking account(s) in the DPX platform.
• Create a CSV file containing payment and remittance information and upload it into the DPX application or enter a single check manually.
• Once the payment file is approved, Deluxe prints the paper checks on high-security paper and mails them.
• If you send an eCheck, the payee will receive an email with a link to review the check and remittance data online. They can print the check or register with Deluxe to receive funds electronically (for a fee).

Features

• Two delivery options:
  • Print and mail, both handled by Deluxe
  • eCheck (electronic check)
• Compatible with any payables platform that can generate a CSV payment file, with customizable data layout
• Integrates with QuickBooks for origination of eChecks
• Same-day printing and mailing of checks approved by 2 p.m. CT / 3 p.m. ET
• Option for automatic generation and delivery of Positive Pay files to Pinnacle
• Recipient can print eChecks or, for a fee, receive funds by direct deposit (ACH), debit card or PayPal
• Controls user entitlements to ensure separation of duties for issuing, approving and voiding payments

Benefits

• Reduced Time and Costs
  Create and send digital checks in a fraction of the time at less cost than manually sending paper checks.
• Simultaneous Remittance Data
  Include detailed remittance information to ensure the payment is applied correctly.
• Highly Secure 
  DPX uses a secure website for sending and receiving eChecks, which eliminates check fraud by mail. Positive Pay files are also generated by Deluxe to reduce risk associated with altered checks.

To see if Deluxe Claims Exchange is a good fit for your business, call your financial advisor for a closer look.

Support

Already using Deluxe Payment Exchange? Our Treasury Management Client Services team is available to assist you Monday through Friday, 8:30 a.m. to 5 p.m. local time.