Paying Agent Services
IPX Trust®
We offer a variety of paying agent services through IPX Trust.
Many of these are collaborations with Innovest Payment Solutions and are designed to give banks, trust companies and other providers the ability to fully outsource their benefit payments, retirement distributions, and other distribution processes. The technology streamlines payment processing and improves customer service with accurate and on-time distributions.
As a part of this service, IPX Trust is responsible for the accuracy and timeliness of federal and state tax payments.
Our paying agent services offer you a dedicated team of experts that will:
Integrate to your trust accounting and recordkeeping systems
Manage online recurring and lump sum payment processing
Remit federal and state tax withholding
File all required tax forms
Process and fulfill ACH, wire, and check transactions
Perform daily reconciliation and movement of cash
Offer escheatment support
Monitor and support stale-dated check processes
In tandem with our partner Innovest Payment Solutions, IPX Trust will also:
