Compare Fintech vs. TelPay for Business in 2026

TelPay for Business

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Description

For over three decades, Fintech's PaymentSource has been transforming financial processes in the alcohol industry with innovative solutions for accounts payable (AP) and accounts receivable (AR). Its AP automation includes 15 months of invoice history, cost variance analysis, and simplified distributor credit reconciliation. The new Premium tier extends these tools to cover all goods, services, and supplies, delivering complete visibility, seamless vendor integrations, and better cash flow management—all within a simple, user-friendly platform. For AR, PaymentSource facilitates secure, compliant electronic payments from over 250,000 retail and hospitality partners nationwide. Distributors can access invoice details, track payment statuses, and issue credits directly through the portal, cutting costs by an average of $6.80 per delivery while maintaining compliance across all 50 states. With PaymentSource, businesses can streamline financial workflows, reduce errors, and maximize efficiency.

Description

For 35 years, the Canadian company Telpay has been at the forefront of providing innovative, economical, and secure electronic payment solutions, offering a viable alternative to traditional cheque writing for consumers, financial institutions, and businesses alike. Established in 1985 as a research and development branch of Comcheq Services, a payroll firm founded by W.H. (Bill) Loewen, Telpay began its journey by introducing the first telephone bill payment service. Transitioning from telephonic services to the digital realm, Telpay has consistently focused on enhancing its offerings and has emerged as one of Canada’s most reliable and largest independent electronic payment firms, having processed over $20.7 billion in payments in 2019 alone. Our flagship offering, Telpay for Business, was meticulously crafted by accountants for accountants, enabling seamless electronic money transfers as an alternative to the traditional cheque. Compatible with all leading accounting software, Telpay for Business empowers business owners and accountants alike to facilitate money movement efficiently and effectively. With a dedication to evolving with technology, Telpay continues to adapt and serve the needs of its clients in a rapidly changing financial landscape.