Partnership with Innovest Payment Solutions

Streamline your payment processing...improve customer service

Innovest Payment Solutions (formerly ASI)

For over thirty years Innovest Payment Solutions has provided banks, trust companies, and other financial institutions, and TPAs with the ability to fully outsource benefit payment, retirement, and other distribution processing. Backed by ASIPay, our market leading, Software as a Service payment system, Paying Agent Services couples technology and payment expertise to streamline your payment processing and improve customer service through accurate and on-time distributions.

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