CIBC EDI Payment Receiver

Receive payments and accompanying remittance information from your clients who may prefer to use an EDI format

Use EDI Payment Receiver Service to facilitate collection from your EDI-capable clients in Canada, even if your company is not EDI capable. When payments arrive, CIBC will credit your account and send remittance information to your EDI mailbox or through a fax report.

Make your Accounts Receivable process more efficient

  • EDI Payment Receiver Services allows your clients to pay you with an electronic payment that carries detailed remittance information
  • If your system is EDI-capable, remittance information can be imported into your processing application, with limited manual intervention

Gain better control of your cash flow

  • Electronic payments will be credited to your account on the due date - there's no need to wait for cheques to travel through the mail

Offer convenience and security to your clients

  • Your EDI-capable clients may prefer the convenience of paying you electronically

Run your business your way

CIBC Cash Management Solutions can help you take better control of your banking needs - giving you more time to focus on what matters to your business. Get started today:

  • Talk to your CIBC Representative for details or call our Business Contact Centre at 1-888-947-7736

Manage Your Receivables

Opening the mail, sorting payments, reconciling payments and preparing deposit can be an administrative nightmare.

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