Solutions

Tax Data Service (TDS)

Revolutionize the maintenance of the Tax Payment format information necessary to pay State and
Federal taxes by ACH Credit (EFT).

Tax Data Service Clear2Pay

Companies of all sizes must make Federal, State and Local tax payments. The NACHA CCD+ TXP format is the primary mechanism for these payments. Many banks and other payment processing companies offer products to make these tax payments via the ACH network to their corporate clients, and several software vendors sell electronic banking solutions to these banks and processors. These solutions include the ability to make tax payments.

In the United States, there are hundreds of tax authorities and tens of thousands of tax types. Each tax type has unique formatting requirements, and unique routing instructions. To compound this situation, tax authorities frequently add new tax types and change formatting and routing information. This creates an expensive and risky data maintenance challenge for companies, payment processing providers, banks and software vendors.

The Solution:
Clear2Pay‘s Tax Data Service (TDS) revolutionizes the maintenance of the Tax Payment format and routing information necessary to pay State and Federal taxes by ACH Credit (EFT). By centrally maintaining this information for Tax Authorities across the country, Clear2Pay has automated and streamlined a traditionally manual and resource intensive process.

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