When you add iFrame integration to your company’s website, you are doing more than streamlining mass payment options. It also ensures that your clients are in compliance with federal laws through tax information and the scanning of records.
Mass pay is easier when your clients enter tax information directly into the iFrame integration. This means that you do not have to worry about the forms prior to payment being made. It also means a W-9 is filled out, which includes a taxpayer identification number and certification. If it is a client out of country, he must verify he is not a US citizen. This process ensures that tax information is recorded and on file so your company does not have to worry about issues that may arise from this.
Specialty Designated Nationals List
All of your payees who receive mass pay, Global ACH, or other types of payments will be scanned prior to payment being made. This is done through the Office of Foreign Assets Control, which updates the list on a weekly basis. Your payee records are checked against AML, Anti-Terror, and Anti-Narcotics, as well.
When you choose how to ease your payment options, use iFrame integration and a company that can help protect your business. When your payees register, the process includes entering tax information. This is then scanned to ensure that your money is spent the way you want it. Streamlining your company payment plan has not yet been easier, or more beneficial.