In Brief: KeyCorp Service Enables On-Line Tax Payment

KeyCorp introduced a service for small businesses to pay their federal taxes electronically using a toll-free telephone number.

Small-business owners designate a bank account and determine the amount of the tax payment, and KeyCorp transfers the money to Internal Revenue Service.

The telephone system, which operates 24 hours every day, is linked to the Electronic Federal Tax Payment System and uses an automated clearing house credit system.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER