Cambridge EFT Payments

Modified on Mon, 31 Jul, 2023 at 3:14 PM

Quadient AP partners with Cambridge to provide wire and EFT payments. This article covers EFT payments, read our article here for information on wire payments. You can also reach out to your Customer Success Manager for more tailored information.

Cambridge EFT eligibility

Cambridge EFT payments are available for Quadient AP customers who meet the following criteria: 

  • Use a fund source domiciled in Canada
  • Pay vendors in CAD
  • Do not belong to Cambridge's restricted categories of business. Please reach out to your Customer Success Manager for a complete list of restricted business categories

Cambridge EFT Onboarding Requirements

Cambridge's complete list of onboarding requirements is provided by your Customer Success Manager. 

Cambridge EFT workflow in Quadient AP

Once onboarded, you can select EFT (Cambridge) as a payment method when creating payments in Quadient AP. Please ensure to select the matching Bank Name when coding the payment. With Cambridge, the same Bank Names can be used for EFT and wire payments. Bank Names for Cambridge have the following naming convention:

  • [Currency] Bank Account Name

Fully approved EFT payments are found in the Releases tab. EFT payments move to Paid status in Quadient AP immediately after being released. After release, payments are transmitted to the vendor within 1-2 business days. Depending on the vendor's bank, the payment may take an additional 1-2 business days to settle.

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