Automating business payments

We have a wide range of connectivity services available for you to use with the aim of helping you automate and streamline the collection and reconciliation of payments as well as managing all outgoing payments. These include:

• Macquarie Connect: Share your transactions, balance and account information with the software of your choice so you can manage your business more efficiently. For more information see Getting started with Macquarie Connect.
• DEFT API: Construct your own personalised payment experience supporting multiple payment methods including direct debit, payment schedules and tokenised one-off payments.
• Direct Uploads: Remove the need to manually upload bulk payment files by sending these files automatically to us with final authorisation in Macquarie Business Online. For more information see Using Direct Uploads for ABA or BPAY files.

To help determine which solution is the right fit for your business, and what fees will apply, please:

• contact your relationship manager
• email us at connectivity@macquarie.com.

You should also refer to your selected business management software provider for any fees in relation to their service.

For bank account reconciliation, we support the below fixed file formats:

• TXN: An electronic version of your bank statement containing a full list of transactions processed on an account. For consolidated accounts, this will only contain a single incoming and outgoing transaction line.
• PAY: This file contains a full list of DEFT receipts*
• BRF: This file contains a full list of BPAY^® receipts if you have chosen to use your own BPAY biller code to accept payments*
• CSV: A CSV file containing a full list of transactions processed for an account
• PDF: A statement file type that you can use to generate and print statements for the individual accounts you hold or manage
• ACC: This file contains a list of accounts and information relating to each account’s facility, interest rate, rollover instructions and withholding tax status.

It’s important to note that Macquarie Connect only shares the following data with your software:

• Account details such as your account name, account number and account balance
• Transaction information such as the date of transactions, amount credited or debited and simple categorisation of the transaction (e.g. whether the transaction is a fee or interest).

*You only need to download the PAY file if you’ve selected to consolidate the reporting on your account. Similarly, you only need to download the BRF if you have your own BPAY biller code (as the reference numbers used will exist outside the DEFT ecosystem). Otherwise, the TXN file will contain a complete list of transactions.

We support the below file formats for the upload of bulk payments:

• ABA: The industry standard file format that can be used to process batch electronic file transfer transactions
• BPAY: A batch payments file for the bulk upload of BPAY transactions.

For more information see Using Direct Uploads for ABA or BPAY files.