5. Payment and credit solutions

5.1 Registration of checks and credit cards

5.1.1 Checks

• Ability to register checking and saving accounts that are connected with Centime for check payments

5.1.2 Credit cards

• Ability to register credit cards that are connected with Centime
• Most MasterCard and Visa business and commercial credit cards registered with Centime can be used as the funding source for ACH payments to suppliers
• All registered credit cards can be used in Centime and set as the payment method for invoices going through Centime’s payment workflow. Users need to execute the payment outside of Centime on the scheduled date and mark the invoice as paid in Centime, at which point the invoice will be posted to the General Ledger

5.2 Applications for ACH, CentimeCredit and CentimePay

5.2.1 ACH

• Ability to apply for ACH

5.2.2 CentimeCredit

• Ability to apply for CentimeCredit

5.2.3 CentimePay

• Ability to apply for CentimePay

5.3 Data gathering and application submission

• For all applications, Centime gathers data provided by users and held in Centime as well as data pulled from the General Ledger in order to pre-populate the application with most required data points
• Users must provide ownership and control information prior to applying for ACH, CentimeCredit or CentimePay including naming Beneficial Owners, Controlling Parties and Authorized Signatories of the business
• Users review data aggregated by Centime, provide any missing data and electronically sign and submit application