Kotapay’s Response to the Coronavirus

Kotapay is committed to providing you with the services you’ve come to expect and rely upon. We realize the critical and important role that Kotapay plays in processing transactions for you and your clients. We have taken the necessary steps to ensure there is no interruption in processing while we continue to practice social distancing.

During this uncertain time, make sure you know your customer and mitigate risk when processing payroll for your clients. Please read our blog post here to learn ways to mitigate risk and an additional processing window available to ensure good funds.

We are monitoring the situation closely and keeping in contact with State and Federal officials for guidance. Please reach out if you have any questions or concerns.


Data Security

Action Required 

Due to the highly sensitive nature of the information you send to Kotapay and given the uncertain times right now, having a data security policy is more important than ever. Nacha also requires all participants in the ACH network to adhere to data security standards. Kotapay is required to ensure our customers are also adhering to these standards.

Please complete the Data Security Addendum available here or by logging in to the Kotapay website by July 1st, 2020.
Question Mark  Did you know? The Kotapay Help Center is available on our secure website by clicking ‘Help’ on the top right of the screen. Here you will find various resources as well as videos. Be sure to check it out!

Changes to Client Agreements

FYI 

The Company Authorization Agreement has been updated so please be sure that you are either using e-Contracts through DocuSign or are always using the version from our website dated 3/2020. Older versions of this agreement will no longer be accepted after July 1st, 2020.

Effective April 30th, new client agreements will no longer be accepted via fax. Please upload via the “Upload a Contract” option (available under Other Services) or simplify the process by using e-Contracts through DocuSign.
Todd Richardson 

Todd Richardson has been promoted to Sales Manager

Todd has been with Kotapay for 10 years and has spent the duration of that time on the Kotapay Sales Team. Todd’s experience, reputation and industry knowledge will be a driving force for Kotapay’s future growth. Please join us in congratulating Todd!


CARES Act Paycheck Protection Program

As a Division of First International Bank & Trust, Kotapay is a participating lender in the CARES Act Paycheck Protection Program. If you would like to receive more information on how we can assist you with this program, please reach out to Jim Haug at jhaug@kotapay.com.


reminder  

Upcoming Holiday Hours and Non-Processing Days

 Monday, May 25thMemorial Day