The WayiPay® person-to-person payments Nov 21, 2013, 8:45 am By Heidi Carmack Pfaffroth

Forget about checks and IOUs; make your person-to-person payments with the click of a mouse. Just log into your Bank of American Fork online banking and select the TheWayiPay “sendmoney” option on the homepage Dashboard to get started. Customers can pay virtually anyone using only the recipient’s name and email address.

TheWayiPay online person-to-person payment service allows you to make secure payments from your Bank of American Fork consumer checking account to nearly anyone with a U.S. financial institution account using their email address as the destination. Payments processed are deducted from your account electronically and deposited directly into the recipient’s bank account in two to three business days – and no, they don’t have to be Bank of American Fork accountholders to receive payments. There is a $1 fee per payment.

Below are answers to some of the common questions we get about TheWayiPay person-to-person payments:

Q: What is TheWayiPay?

A: TheWayiPay is a secure consumer online person-to-person payment service that allows you to electronically send money to virtually anyone who’s enrolled with an email address and a U.S. financial institution account.

Q: How do I enroll for TheWayiPay?

A: Enrollment is easy. If you are an existing customer with personal online banking, you will need to add the TheWayiPay option to your online banking dashboard by selecting the “sendmoney” widget from the “configure” menu.

If you do not have personal online banking you will first need to contact our customer service team, available Monday – Friday, 7:15 A.M. – 6:15 P.M. Mountain Time, to request online access.

Q: Are there fees for TheWayiPay payments?

A: Yes. There is a $1.00 fee per payment.

Q: How does it work?

A: After enrollment, payees are added by creating a new payee and then going through a safe and secure payee enrollment process. You will be required to enter their name and email address, as well as a short confirmation code before a new payee can receive payments. New payees are required to follow a secure link from an email that will be sent to the email address provided requiring them to enter a security phrase that you will create and provide them to confirm their authority to receive payments, and then to enter their account information for the account for which they would like to receive payments.

Once the new payee is added all you will have to do is enter the payee’s name in the new payment field for future payments.

Q: How long do payment deposits take?

A: Payments should take approximately two to three business days to be completed.

For more information about TheWayiPay, visit any Bank of American Fork branch or contact us at 1-800-815-BANK.

TheWayiPay® is a registered trademark of Jack Henry & Associates, Inc.

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