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      <div class="WebWorks_Breadcrumbs" style="text-align: left;">
        <a class="WebWorks_Breadcrumb_Link" href="ch_overview.46.2.htm#1201054">M-Powered Payments</a> &gt; What are M-Powered Payments? </div>
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      <blockquote>
        <div class="hs_SectionHeading"><a name="1201054">What are M-Powered Payments? </a></div>
        <div class="b_Body"><a name="1201058">The M-Powered Payments service enables you to record and transmit (electronically over a </a>secure link) payments to your employees and suppliers using your MYOB software. </div>
        <div class="hr_RunInHeading"><a name="1192890">&nbsp;</a></div>
        <div class="hp_ProcedureHeading" onclick="WebWorks_ToggleDIV(WebWorksRootPath, &quot;wwdd1192905&quot;);">
          <span class="N_007eProcBullet"></span><a name="1192905">How M-Powered Payments benefit you </a><script type="text/javascript" language="JavaScript1.2">WebWorks_WriteArrow(WebWorksRootPath, "wwdd1192905", false);</script></div>
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                <div class="bb_Bulleted_inner"><span class="ebi_EmphasisBoldItalic"><a name="1197988">Wide coverage:</a></span> You can make an MYOB M‑Powered payment for any employee or supplier into any transactional bank account within Australia.</div>
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                <div class="bb_Bulleted_inner"><span style="font-style: italic; font-weight: bold;"><a name="1198000">Saves time and effort:</a></span> M-Powered Payments reduces the time and effort it takes you to pay your employees and suppliers.</div>
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                <div class="bb_Bulleted_inner"><span class="ebi_EmphasisBoldItalic"><a name="1194086">No need to post supplier remittances: </a></span>Remittance advices (that is, details of payments you have made) are automatically sent to suppliers on confirmation of the payment by your bank. There’s no need to fill out and post remittance advices.</div>
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                <div class="bb_Bulleted_inner"><span style="font-style: italic; font-weight: bold;"><a name="1198948">Make payments at future dates: </a></span>You can process M-Powered Payments for payment at future dates. This ensures that payments are made on time, even while you are away on business or taking a break.</div>
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                <div class="bb_Bulleted_inner"><span style="font-style: italic; font-weight: bold;"><a name="1194055">Saves on postage and cheque fees:</a></span> By paying online and sending supplier remittances electronically, you save on postage and cheque fees.</div>
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                <div class="bb_Bulleted_inner"><span style="font-style: italic; font-weight: bold;"><a name="1195092">Only authorised payments are accepted:</a></span> Each MYOB M-Powered payment must be approved by persons (one or two) who are nominated to approve your payments (<span class="ei_EmphasisItalic">M-Powered authorisers)</span> and who are signatories on your business bank account. Using payment authorisers reduces the risk of fraudulent payments being made from your account. </div>
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                <div class="bb_Bulleted_inner"><span class="ebi_EmphasisBoldItalic"><a name="1194120">More secure payment method: </a></span>MYOB M-Powered Payments are debited from your nominated business bank account and paid directly to your employees’ or suppliers’ bank accounts. You receive status updates to help you to keep track of your payments. This reduces the security risks associated with cheque handling. </div>
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        <div class="hp_ProcedureHeading" onclick="WebWorks_ToggleDIV(WebWorksRootPath, &quot;wwdd1194516&quot;);">
          <span class="N_007eProcBullet"></span><a name="1194516">How M-Powered Payments works</a><script type="text/javascript" language="JavaScript1.2">WebWorks_WriteArrow(WebWorksRootPath, "wwdd1194516", false);</script></div>
        <script type="text/javascript" language="JavaScript1.2">WebWorks_WriteDIVOpen("wwdd1194516", false);</script>
        <div class="b_Body"><a name="1200283">The following diagram shows how M-Powered Payments works.</a></div>
        <div class="gcl_GraphicCellLeft"><a name="1198433"><img id="1199074" class="Default" src="images/ch_overview.46.3.1.png" width="717" height="271" style="display: inline; float: none; left: 0.0; text-align: center; top: 0.0;" /></a></div>
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        <div class="hp_ProcedureHeading" onclick="WebWorks_ToggleDIV(WebWorksRootPath, &quot;wwdd1197809&quot;);">
          <span class="N_007eProcBullet"></span><a name="1197809">How we ensure the security of your information</a><script type="text/javascript" language="JavaScript1.2">WebWorks_WriteArrow(WebWorksRootPath, "wwdd1197809", false);</script></div>
        <script type="text/javascript" language="JavaScript1.2">WebWorks_WriteDIVOpen("wwdd1197809", false);</script>
        <div class="b_Body"><a name="1197585">Security of information means the protection of your privacy and the integrity of your </a>information. We make sure that the information you submit from your MYOB software remains confidential and is not intercepted or corrupted.</div>
        <div class="hpn_ProcedureHeadingNoSplit">
          <span class="N_007eProcBullet"></span><a name="1198214">Nominated business bank account</a></div>
        <div class="b_Body"><a name="1198292">Payments can only be made from the business bank account that you have nominated on your </a>MYOB M‑Powered Services application form.</div>
        <div class="hpn_ProcedureHeadingNoSplit">
          <span class="N_007eProcBullet"></span><a name="1198216">M-Powered authorisers</a></div>
        <div class="b_Body"><a name="1199505">Your payments must be authorised by those entrusted to approve payment transactions. </a>These individuals are called <span class="ei_EmphasisItalic">M-Powered authorisers</span> and they must be selected from the signatories to your nominated business bank account. Your authorisers must undergo a special procedure (see ‘Self-signed digital certificates for M-Powered authorisers’ below) to be approved by MYOB M-Powered Services.</div>
        <div class="hpn_ProcedureHeadingNoSplit">
          <span class="N_007eProcBullet"></span><a name="1198376">Self-signed digital certificates for M</a>‑Powered authorisers</div>
        <div class="b_Body"><a name="1198223">The M-Powered Payments service uses self-signed digital certificates for authorisers to digitally </a>sign payments and for MYOB M‑Powered Services to authenticate them as approved M‑Powered authorisers. Self-signed digital certificates provide strong proof that the payment was signed by approved authorisers and that the payment has not been altered while being transmitted to MYOB M‑Powered Services. </div>
        <div class="b_Body"><a name="1199034">A digital certificate consists of two keys, one private and the other public, that work in tandem </a>to authenticate the authoriser to MYOB M‑Powered Services. The process is as follows.</div>
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                <div class="bb_Bulleted_inner"><a name="1198224">MYOB M-Powered Payments are digitally signed when the authoriser uses the </a><span class="ei_EmphasisItalic">private key</span> of the digital certificate.</div>
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                <div class="bb_Bulleted_inner"><a name="1199002">When MYOB M-Powered payment information comes to MYOB, MYOB M</a>‑Powered Services uses the <span class="ei_EmphasisItalic">public key</span> of the digital certificate to validate the payment and its authoriser.</div>
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        <div class="hpn_ProcedureHeadingNoSplit">
          <span class="N_007eProcBullet"></span><a name="1198344">Secure Socket Layer (SSL)</a></div>
        <div class="b_Body"><a name="1198345">M-Powered Payments uses the Secure Socket Layer (SSL) internet security protocol that </a>encrypts (scrambles) information you send or receive to provide protection against eavesdropping, tampering or forgery.</div>
        <div class="hpn_ProcedureHeadingNoSplit">
          <span class="N_007eProcBullet"></span><a name="1198347">How you can ensure the security of your information</a></div>
        <div class="b_Body"><a name="1198348">Here are some recommendations for your payment authorisers to apply in order to protect the </a>security of your information sent to MYOB M‑Powered Services. </div>
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                <div class="bb_Bulleted_inner"><a name="1198349">Do not use the same password as you use to log into your company file.</a></div>
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                <div class="bb_Bulleted_inner"><a name="1198350">Do not use patterns such as ‘aaabbb’, ‘qwerty’, ‘123123’, ‘abc123’, etc.</a></div>
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                <div class="bb_Bulleted_inner"><a name="1198351">Use a mixture of numerals and letters.</a></div>
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                <div class="bb_Bulleted_inner"><a name="1198353">Do not use names of people, pets or places, or variations of these (for example, your name </a>spelt backwards).</div>
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                <div class="bb_Bulleted_inner"><a name="1198354">Do not reveal your password to anyone, including your colleagues, your manager, your </a>family, friends or MYOB staff.</div>
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                <div class="bb_Bulleted_inner"><a name="1198355">Do not give your password to someone else when on holidays.</a></div>
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                <div class="bb_Bulleted_inner"><a name="1198356">Do not write your password down.</a></div>
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                <div class="bb_Bulleted_inner"><a name="1198357">Regularly change your password. </a></div>
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                <div class="bb_Bulleted_inner"><a name="1198358">When changing your password, do not select a series of letters which form part of your </a>name or series of numbers which represents your date of birth.</div>
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                <div class="bb_Bulleted_inner"><a name="1198359">When changing your password, do not set a previously used password.</a></div>
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                <div class="bb_Bulleted_inner"><a name="1200849">When entering your password, make sure that nobody can see the password being </a>entered. (Watch for security cameras and mirrors.)</div>
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        <div class="href_ReferenceBlockHeading"><a name="1200977">Related Topics</a></div>
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                <div class="bbi_BulletedIndented_inner"><span class="l_Link"><a href="ch_settingup.47.2.htm#1295430" name="1200981">Activating your M-Powered Payments service</a></span></div>
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        <div class="b_Body"><a name="1200917">&nbsp;</a></div>
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    <div id="navigation">
      <script type="text/javascript" src="scripts/quickmenu.js"></script>
    </div>
    <!--End container for left navigation-->
    <!--Start stuff at bottom of page-->
  </body>
</html>