Since the onset of COVID-19 in March, Interac data shows that debit transactions in the restaurant category have dropped by about 66 per cent at point of sale compared to the same period last year. This retail category is among the hardest hit by COVID-19. To support those in the hospitality industry who have been impacted, the Canadian Hospitality Worker Relief Fund (CHWRF) provides one-time grants to restaurant and hospitality workers who find themselves impacted by COVID-19. The fund was created by founding partners Welbilt, Garland, Uber Eats and Nella Cucina. Applications open May 6th.
The ability to move funds quickly and securely is vital to ensuring grant recipients receive the support they need. That’s why we’re lending a hand by facilitating the delivery of these grant payments using Interac e-Transfer® Bulk Payables.
Interac e-Transfer Bulk Payables is a product built on the Interac e-Transfer platform that offers organizations a secure and cost-efficient way to initiate many payments through a single file upload. For example, an organization could use it to send aid payments to multiple end users without requiring their banking information. To entities like the CHWRF, this is significant because it eliminates reliance on cheques, allows for payments to be accepted in real-time and offers easily trackable data. Additionally, it allows organizations to send funds without knowing the financial information of recipients that direct deposits through Automated Fund Transfers require.
For more information about the Canadian Hospitality Worker Relief Fund, visit dx.org/fund