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Payment Processing and Trust System Solution

Efficiently Answering, “Where’s My Check?”


Solving One of Your Biggest Problems

With over 40 years of experience in the payments industry, Innovest Payment Solutions (an FPS Trust affiliate company) brings focus, dedication, and efficient technology to retirement and benefit administrators. Innovest’s seamless integration with all major bank, trust company and financial institution back office systems delivers the capability to meet exacting business standards and tremendous demand:

  • Processing over 4,000,000 payments per year
  • Totaling over $24 Billion in payments
  • While printing over 10,000,000 checks and tax forms
By leveraging FPS Trust custodial services and Innovest’s industry leading web-based service delivery and customer access helps answer the most common question asked by plan participants... “WHERE’S MY CHECK?” 

In addition to Payment Solutions, Innovest offers a state of the art trust accounting and wealth management platform. InnoTrust, Innovest’s flagship product, offers a dramatically better way to support the accounting and reporting needs of trust companies, banks, private banks, retirement plan administrators and others that need to control, account for, and report on assets held in trust accounts. 

Innovest is proud to offer InnoTrust – a browser-based, highly secure, integrated, real-time trust accounting and reporting platform offered in a multi-currency Software as a Service (SaaS) environment. 

FPS Trust—time and money; we can save you both. 

Paying Agent Services:

  • Online recurring and Lump Sum Payment Processing
  • Federal and State Tax Withholding and Remittance
  • Automated Cost of Living Adjustments (COLA) Processing
  • Reconciliation and Movement of Cash
  • OFAC Processing
  • Stale Dated Check Monitoring
  • Escheatment Support
  • 1099R & 1099-Misc Filings including 1099R Combo Checks
  • ACH, Wire, and Check processing and fulfillment

Benefits of using ASIPay include: 

  • Fully-hosted SaaS delivery means 24/7 online access without the headaches associated with internal IT infrastructure and support 
  • Keep your data in synch with integration to trust accounting and recordkeeping systems 
  • Data Security and Safety – SSAE 16 SOC I Type II audited 
  • Automated workflows and configurable, role-based permissions allow you to configure the system to meet your specific business needs 
  • Direct, online customer access to tax forms 

 Learn More About Innovest Payments Solutions