Autobooks
Autobooks partners with banks and credit unions to offer integrated invoicing, payment acceptance, and accounting solutions within online and mobile banking platforms.
Services
Autobooks collaborates with banks and credit unions to provide a suite of financial services integrated into online and mobile banking. These services include invoicing, payment acceptance, accounting, and bookkeeping solutions. Autobooks also offers unique features like 'Tap to Pay on iPhone,' allowing businesses to accept contactless payments with an iPhone, and a custom payment link that can be shared via text, email, or QR code for easy payment collection. Additional services include automated financial reporting, real-time deposits, and a feature for managing cash flow.
Products
Autobooks offers a comprehensive set of financial tools tailored for small businesses. Key products include digital invoicing, payment acceptance features, and accounting solutions integrated within online and mobile banking platforms. The 'Tap to Pay on iPhone' feature enables contactless payments using just an iPhone, while digital invoices can be sent directly, and payments are deposited into checking accounts. Autobooks also provides a free app on the App Store and Google Play for managing payments and financial reporting, such as profit and loss statements and balance sheets.
Banking Platform Partnerships
Autobooks partners with numerous digital banking platforms, ensuring widespread compatibility and integration. These partnerships include Alkami, Bottomline, CSI, FIS, Jack Henry, NCR, and Q2. Through these collaborations, Autobooks integrates its payment acceptance features within the main banking dashboard or navigation, allowing users seamless access to its financial services. Notably, their partner, United Community Bank, received the Celent 2023 Model Bank Award for Embedded Fintech.
Fees
Autobooks has a clear structure for transaction fees. For card-not-present payments, Autobooks charges a 3.49% transaction fee, while ACH payments incur a 1% fee. In addition, a real-time deposit feature is available with an extra processing fee of 1.50%. These fees apply to various payment methods, including payments collected via their unique payment link, phone payments, or on-the-spot transactions.
Recognition and Awards
Autobooks has received notable recognition within the fintech industry. It was named to American Banker's Best Places to Work in Fintech 2022 list, highlighting the company's positive work environment and culture. Additionally, Autobooks' partner, United Community Bank, was awarded the Celent 2023 Model Bank Award for Embedded Fintech, further validating the effectiveness and innovation of Autobooks' integrated financial solutions.