Treasury Management

Optimize your working capital by making electronic payments via the Federal Reserve’s Automated Clearing House (ACH). ACH transactions are frequently used for payroll direct deposit, vendor payments, and tax payments. By making payments electronically rather than by check, you lower your processing costs, reduce your risk of fraud, and simplify account reconciliation.

ACH origination services include:

• Direct deposit of payroll
• Pre-authorized debits/collections
• Corporate payments
• Cash concentration
• Federal and state tax payments (EFTPS)
• Same day ACH

Check Positive Pay – The Check Positive Pay Service identifies potentially fraudulent checks attempting to clear an account. Clients submit issued check data to us through Online Banking. We compare the checks presented for payment to the information provided, including check number dollar amount, and payee name. When a check does not match the issued check information, we notify the client for a pay or return decision.

ACH Positive Pay – The ACH Positive Pay service identifies potentially fraudulent ACH transactions attempting to clear an account. Clients can either block all ACH Transactions or provide a list of authorized ACH companies. When an ACH transation does not match the authorized companies, the client receives a notification and must make a pay or return decision.

Spend less time preparing and transporting check deposits and more time running your business. Using a desktop single feed or multi-feed scanner, you’ll be able to transmit check deposits to your business checking account without leaving your office. With RCD, a virtual deposit ticket and endorsement is used which eliminates the cost for deposit tickets and endorsement stamps.

Zero Balance (ZBA) or Target Balance Accounts – Creates an effective method for eliminating manual transfers and pooling available funds to a single concentration account.

Automated Loan Sweep – Minimize unnecessary borrowings, overdraft, or uncollected funds usage with Automated Loan Sweep. Our sweep initiates transfers between your line of credit and checking account based on the ending collected balance in your account.

Insured Cash Sweep (ICS) – Maintains liquidity of working capital while providing 100% FDIC coverage for funds held within Insured Cash Sweep portfolio.

For businesses that receive a large volume of check payments or large-denomination checks accompanied by remittance documents, a lockbox arrangement can streamline collections and payment processing.

With lockbox, your customer’s payments are re-directed to a special post office box, instead of going to your place of business. From there your payments are retrieved, processed, and deposited to your business checking account. Information and images of your processed work are available online.

Accepting credit cards is becoming more and more of a preferred payment. Your customers are carrying more cards and less cash than ever before. We offer a wide range of payment solutions and offer payment-integrated software, allowing your business to process card transactions in-store, online and on-the-go.

Receiving remittance information along w/ the ACH payment can be delivered via EDI remittance reporting. We can provide the EDI notice in a computer text format for uploading to your system, a human-readable summary report, or a human-readable detail report. We will assist in determining which report will best suit your needs.

With a wire transfer, moving funds is fast and secure. Same day payment settlement for both international and domestic payments can accurately project cash position. We facilitate wire transfers, allowing users to transfer funds between accounts at different financial institutions using Fedwire format. Electronic notification of all incoming and outgoing wires is provided.

Keeping track of expenses can be no small task. Using business credit cards offers the perfect solution to managing all your company’s purchases, with the added security and convenience of a credit card accepted worldwide.