Beverage Dynamics

Automate Your Alcohol Invoice Payments with PaymentSource®

For over 34 years, we’ve automated alcohol invoice payments and data capture for retail and hospitality businesses throughout the U.S.. Fintech integrates with 200+ back-office systems, saving time and delivering powerful insights to protect margins.

Is Your Business in California?

There is a new EFT law that will require all wholesaler alcohol invoice payments to be made using electronic funds transfer (EFT), starting December 31st, 2025.

Levels of PaymentSource

We offer plans for all types of businesses, depending on your needs, designed to automate manual processes and enhance business efficiency. Each tier includes powerful tools and features designed to save time and optimize your operations with ease.

California Retailers!
Stay Compliant with the New EFT Law

The new CA law requires all wholesaler alcohol invoice payments to be made using electronic funds transfer (EFT) by December 31, 2025.

Here's why retail and hospitality businesses choose Fintech as their EFT provider;

FREE service with self-sign-up feature
Industry leader in alcohol invoice EFT payments
Automated alcohol invoice payments based on the due date
Comprehensive network of 360+ CA wholesalers
Fully compliant with the new CA law

About The California EFT Law

Learn about Assembly Bill 2991.

Additional details about AB 2991 and how to get started.

How Fintech can help keep you compliant with AB 2991.

As of September 22, 2024, Assembly Bill 2991 has been signed by Governor Newsom. This bill requires all wholesaler alcohol invoice payments to be made using an electronic funds transfer (EFT). Cash, checks, money orders, and other forms of payment will be replaced by EFT.

What are EFT payments?

The law defines them as “the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions via computer-based systems.” It’s basically just an electronic version of a paper check.

Other notable clarifications to consider:

California’s 30-day credit limits remain unchanged and at the wholesaler’s discretion
Electronic payments include credit cards – but the retailer must pay the transaction fee for each credit card transaction
Wholesalers and retailers must pay their own costs for EFT services (neither party may pay for the other)
Wholesalers must initiate the payment process
Wholesalers will be responsible for selecting which third-party payment platforms they use, but there is an exception for retailers already using a third-party payment platform

Testimonials from Our Clients

“If we need to have a sale on a SKU that isn’t moving, or increase stock levels at certain locations, Fintech insights are very helpful. For upper management, they can easily see what items are more relevant to certain areas.”

By making our labor hours more efficient, we can spend more time focusing on areas that have a positive financial impact. For me personally, I am focusing less on correcting errors, and more on rebate tracking, contract compliance to maximize rebate opportunities, and so on. We are meeting our goals for closing out each month, which means our monthly financial statements (P&Ls) are being released on a timely basis.

Pam Miller

Operations Controller, Spring Mart

Fintech has helped streamline our ordering and record-keeping process. Prior to coming on-board, we were managing accounts across 4 major distributors - each with a different delivery schedule and invoicing system. Fintech keeps things tidy in the backend by providing a centralized location for billing and order records, saving our accounting team time and energy.

Margaret Cooper

Director of Events and Logistics, Mickey's Black Box.

After switching to Fintech, we no longer had to write checks. Instead, we started using ACH withdrawal, which significantly reduced the time I spent on accounting. With each debit transaction, the name of the distributor is clearly shown, making reconciliation a breeze. Overall, Fintech has improved both productivity and efficiency across my business.

Kitty Hopkins

Chapmans Foods and Spirits

Accounting departments love using Fintech. Its line-item integration into different systems like Plate IQ or xtraCHEF makes invoice and data tracking simple. Fintech can take invoices with mixed payment rules, for example if there is a 30-day payment processing rule for beer and wine but cash-on-delivery for liquor, and pay them accordingly and automatically. Its master login for all accounts is a game changer. I honestly don’t see a downside to Fintech.

Stacy O'Fallon

Certified Managerial Accountant & Owner, Front Burner Accounting

Fintech has become an integral part of our business and has given us visibility into how our operators purchase alcohol. The custom reports we receive have improved our alcohol reconciliation process and have helped us, coach managers, to purchase for the maximum discount, correct overages, and receive credits for charges that could have gone unnoticed. The return on investment was immediate, and it has helped us save time and money.

Scott Hastings

Senior Financial Analyst, P.F. Changs

The solutions provided by Fintech have become invaluable for World Wide Wings, and part of our daily beverage alcohol management routine. We don’t have to think twice about our store’s compliance, we save money and order more efficiently. Whether I operated 66 locations or one, I would, and will always be a Fintech user.

Joe Janaszek

Chief Marketing Officer, World Wide Wings

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