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TEXPO 2018, held April 8-10, was sponsored by the Dallas Association of Financial Professionals at the Dallas Sheraton. The Dallas AFP did an outstanding job in planning and executing the three-day conference. The goal of the TEXPO conference, through a series of sessions and exhibits, is to educate attendees with the latest information covering a wide variety of topics including cash management, foreign exchange, fraud, investments, accounting rules, and many other topics.
Amegy Bank® has long been a proud corporate sponsor and has taken a leadership role in the annual TEXPO Conference. Every year, Amegy has a booth in the Exhibit Hall where clients and prospective clients can visit with Amegy’s Treasury Management Bankers to gain insight into treasury solutions.
Three of our Amegy bankers, Ken Smiley, Natalie Robinson and Katherine Scholl, presented in the conference sessions. Natalie and Davidson Daily, Controller for MFS Insurance, co-presented “Disaster CPR – Contingency, Preparedness, and Relief”, and Katherine and Ken co-presented “Are you in Jeopardy?! What a Treasurer Needs to Know.”
Amegy kicked off the conference Sunday evening with our annual client appreciation party with an opportunity to Indulge Your Taste for the Arts! Guests enjoyed painting custom wine glasses with Pinot’s Palette, watching a live cooking demonstration with Master Chef Sharon Van Meter with 3015 at Trinity Groves, a wine tasting led by Jim Fleming of Sigel’s and live music provided by blues band, The Silvertones.
TEXPO 2019 will be hosted by the Houston Treasury Management Association on April 7-9, 2019. Mark your calendars today!
During 2018, Treasury Internet Banking will replace AmegyConnect. Through this new system, users will have the same great features and functions as they are using today – with an improved look and improved navigation. The link to Treasury Internet Banking will be available through Treasury Gateway.
WHAT DOES THIS MEAN FOR YOU?
If your company uses AmegyConnect®, you will be contacted through email during 2018 to let you know when Treasury Internet Banking will replace your AmegyConnect service.
NEW SYSTEM FEATURES
Configurable Dashboard. Display relevant information at a glance on your home page. Without changing screens, you can view account balances, initiate account transfers, monitor transactions pending approval, or even view standard foreign exchange rates.
Concise Reporting. The new Account Activity report provides current and prior day account details on one consolidated screen. View pending and cleared transactions, item images, and a running account balance after each transaction. Quickly print or download information from the same screen.
Simplified Administration. Manage user privileges either individually or using group roles to control system access based on user responsibilities. (This service requires an authorized request to the bank.)
Extended History. Access a full year of account data to view online or export to other applications.
LEARN MORE
To learn more about our Treasury Internet Banking solution, please visit our Treasury Internet Banking Webpage.
To participate in an interactive overview, please schedule a session by clicking here: TIB Overview Registration. At the top of the page, click on the Training Center tab, then click on register to the right of the session you would like to attend. Enter the required information and click Register. You will receive a confirmation email with conference and login information.
Please contact our Treasury Management Technical Support at 713-232-5733 should you have questions!
It’s an exciting time in the payments industry with several innovations designed to move payments faster! One of these innovations, NACHA’s Same Day ACH Rule, established a same-day settlement capability giving businesses an option to send and receive payments faster.
SAME-DAY SETTLEMENT
Same-day settlement is available for domestic ACH credit and debit entries of $25,000 or less with credit funds being available no later than 5:00 p.m. local time of the Receiving Depository Financial Institution.
FEDERAL GOVERNMENT
The federal government is now participating in same-day ACH credit entries.
ACH ORIGINATORS
Domestic ACH entries of $25,000 or less, originated by you that meet the following criteria will be processed and settled as same-day ACH transactions:
To avoid same-day processing, submit your file after the cutoff time referenced above or use an Effective Entry Date in the future.
Domestic transactions greater than $25,000 and international transactions do not qualify for same-day processing.
Same-day ACH transactions are assessed an additional per item fee of $1.00. However, the Same-Day Transaction Fee only applies to transactions going to banks other than Zions Bancorporation, N.A and its divisions.
We recommend reviewing and updating the ACH Debit Authorization Form signed by your customers so that it addresses the possibility of same-day settlement.
ACH RECEIVERS
Domestic ACH debits (up to $25,000) may post the same day as submitted. As a best practice, companies receiving ACH debits should account for anticipated transactions to ensure sufficient funding. Same-day ACH debits may post up to 4:00 p.m. CT and should be considered for end-of-day investment decisions.
WE ARE HERE TO HELP
If you have any questions, do not hesitate to contact your Treasury Management Officer or Treasury Management Client Services Representative at 713-235-8805 (Houston), 214-754-9474 (Dallas), or 210-343-4419 (San Antonio).
*If you use AmegyConnect® or Treasury Internet Banking to originate ACH transactions, you must be enrolled in Same Day ACH to take advantage of same-day settlement.
The Texas business community has experienced a handful of events over the past six months—Hurricane Harvey, a recovering energy sector, tax reform and pending political influences and interest rate concerns from an improving national economy—that have had varying effects on its businesses.
To help our clients and friends navigate these many changes, Amegy Bank recently hosted an informational breakfast where Patrick Jankowski, research and regional economist for the Greater Houston Partnership, provided an update on the Greater Houston economy; and Kevin Lovins, shareholder from Briggs & Veselka, helped attendees decode the tax reform.
Click here to view Kevin’s presentation on the Tax Cuts and Jobs Act. You can also view Patrick’s presentation on his 2018 economic outlook for Houston by clicking here.