Electronic Data Interchange (EDI) is the most efficient way to receive electronic payments with related information attached. M&T's EDI reporting software electronically receives payment orders to process transactions between accounts through the Automated Clearing House (ACH) network and interprets the attached remittance or purchase order information. Our EDI Services are ideal for clients who must receive electronic payments. For example, many multinational corporations have implemented EDI in their processing environments and require their middle market suppliers to perform EDI transactions. Multiple remittance reporting options are also available, including direct transmission and Web InfoPLU$, M&T's online treasury management program.
To find out more, please send us an email, call 1-800-724-2240 to speak to one of our experienced Commercial Service Team Representatives, or contact your M&T Relationship Manager.