Datatech develops new banking software

The Business Journal
November 15, 1991

San Rafael - Datatech EDI Systems of San Rafael has developed Telepay Express, a new software package that enables a company to feed banking data electronically into its in-house accounting application and conduct transactions directly with its bank.

The initial release of Telepay Express links Bank of America's Business Connection Service [1] and Computer Associates's ACCPAC Plus accounts payable systems. Future releases will include additional banks and PC-based accounting packages.

According to Datatech president Sigrid Marmann, the software allows a company to make a variety of transactions directly with its bank, such as electronic payments to vendors, funds transfers between accounts, stop payments, and other inquiries. Using multilevel passwords for security, Telepay Express provides a full audit trail for data integrity and review of transactions, and it generates reports such as bank statements and cash flow analysis.

1: The latest release of Telepay Express also supports Bank of Montreal and Westpac Bank. More banks will be supported in the future.

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