Q2 Direct Payables (Open Banking) Module allows businesses to process an ACH or Wire payment by uploading a payment file using Secure File Transfer Protocol (SFTP). The Q2 system can then process the files in these transactions without requiring the business owner to log into digital banking.
Note
Q2 Direct Payables (Open Banking) Module currently only supports individual payment files in TXT and CSV formats. However, payment files can be created using any accounting software, as long as the payment files either validate against an existing payment file standard.
Tip
Sample payment files are available in the Q2 Customer Portal by navigating to Education > Documents > Product Documentation > Direct Payables (Open Banking).