What is it?
“PayRecs International” is a new transaction type in Q2 that lets PayRecs pre-fund customer transactions automatically—without being subject to any Funds Transfer rules, policies or limits.
What is the purpose?
Previously, financial institutions had to remove certain Funds Transfer limits, rules, or policies to make PayRecs work. This new transaction type operates independently, eliminating that need.
How do I set this up?
Confirm Activation:
Verify with PayRecs that you want this functionality enabled in your environment.
Minimum Q2 versions required: HQ 4.6.0.7008 and DB 4.6.0.7015.
Once we receive your request, we’ll install it in the background with Q2.
Post-Installation:
We’ll reach out to schedule a brief review, enablement, and testing session.
Ideally, have someone with Central access and a pre-set test account in your production environment.
PTE Testing (Optional):
If you already have a PTE environment enabled, it’s a good opportunity to test.
If not, contact support to learn how to enable a PTE environment with PayRecs.
Watch This:
A video walkthrough of the Q2 Central setup process is available here: Setup Video
Central Setup: Step by Step
In Q2 Central, locate the group you want to enable.
Navigate to the General Tab (or policy dashboard for Corporate), ensure that the “PayRecs International” appears.
Enable the “PayRecs International” Transaction Rights.
Ensure that neither dual-action settings nor authorization tokens are enabled, and set limits high enough to avoid interference.
For corporate groups, verify that either no actions are allowed on this transaction type or that, if allowed, there are no account restrictions.
Note: Limits, dual control, and authorization token/MFA settings are still managed through the PayRecs admin panel.
Save your changes.
This update will roll down to all customers and users in the group.
You’re now free to adjust Funds Transfer settings without impacting PayRecs.
Once complete, you will now be able to configure the Funds Transfer to your needs, including dual, authentication, limits, policies/allowed actions.
Q & A
Q: What does this look like in online banking?
A: It will appear the same as the legacy Funds Transfer method, including its passage to the core system.
Q: What if we have a tran code or other customizations for PayRecs?
A: These should not be affected.
Q: Why doesn’t this fix the tran code issue?
A: It’s a workaround to separate PayRecs transactions from Funds Transfer from a permissions standpoint. We’re working with Q2 to better represent these transactions as International Wire transfers in both Online Banking and the Core system.
Q: How much does this cost?
A: Nothing!
Q: What are the requirements?
A: Q2 must be at HQ version 4.6.0.7008 and DB version 4.6.0.7015. Most environments are supported unless they’re several cycles behind the latest updates.
Q: Does this need to be enabled on all groups/companies?
A: Not necessarily. If enabled for your institution but not rolled out to every group, the system will default to the old Funds Transfer method. Ideally, transition all users—especially corporate groups, where most conflicts occur.
Certain core and Q2 adapters can support custom tran code - please reach out to support@getpayrecs.com to see if your environment has this capability.