Making payments

Making payments with FastNet Business is fast and flexible.

  • Transfer funds between your accounts, schedule up to a year in advance.
  • Make payments to others, either as batches of single transactions or individual Same Day Cleared Payments.
  • Authorise multiple payments individually or in bulk.
  • Create payee libraries to save regularly used payee details.
  • Set up automatic payments.
  • Make IRD payments.

FastNet Business can streamline your payment process. Rather than creating many single payments, your accounts team can create large payment schedules. They can use existing payees and previous payments as a template, or import the payment details from an accounting system. You then manage and authorise the payment as a single batch.

You can also require two or even three people to authorise payments. Each person can log in from any location, or from their mobile, and add their authorisation to a payment. When it’s fully authorised, you or your team can send the payment.

Comprehensive security options help prevent any anomalies or inappropriate payments.

Integrating with your online accounting system

FastNet Business makes integration simple. We can help you set up automated daily reconciliations by connecting your ASB accounts to Xero or MYOB - eliminating double-handling, saving time and helping to prevent errors.

Through Xero and MYOB, we offer automatic feeds for most accounts including; cheque, savings, term deposits, loans and credit cards. In addition, Xero also does automatic feeds for foreign currency.

You can also manually export transactions from FastNet Business, ready for your accounting package or your own spreadsheets.

Controlling staff access

FastNet Business keeps you firmly in control of your finances. It lets you choose who can access which accounts, when they can log in, the areas of the system they can access and how much they can do and pay away in those areas.

You can create an unlimited number of users, each with their individual login ID and payment and/or authorisation limit.

Every action by every user is automatically recorded in the FastNet Business audit log.

This level of control lets you replicate your current financial management processes within FastNet Business, or even to use FastNet Business to re-engineer and enhance those processes.

Managing security

FastNet Business helps to protect your funds from external threats.

Logging in requires a FastNet Business code, user ID and password.

Authorising a payment requires a special one-off code from an electronic token or through the ASB Mobile Business app.

If the need arises, user passwords can be re-set immediately either by you or by phoning the FastNet Business Helpdesk.

Mobile banking

The ASB Mobile Business app has been designed specifically for business owners and managers.

  • View balances, including credit cards and foreign currency accounts.
  • See up to 1000 transactions from the last three months.
  • View details of all sent and pending payments.
  • Authorise payments.
  • Transfer funds between accounts.
  • Register up to 10 unique FastNet Business ID's on one mobile device.
  • Create payments to single or multiple payees.