Rates and products offered may differ from state to state. To see the rate and offering available to you, please select the state where you bank. (Your privacy is important to us—see our Privacy Notice).
The IRS will distribute monthly Advance Child Tax Credit payments on or about the 15th of each month, starting July 15, 2021 through December 15, 2021. Amegy Bank will credit the funds received to client accounts on the effective date. To find out if you are eligible for the payments and your expected amount, visit https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021
Integrated Payables is a fully integrated invoice-to-pay solution that automates your accounts payable and payment process. Issue Commercial Card, ACH*, and check payments from a single location. Replace the manual and time-consuming process of collecting, approving, tracking, and paying invoices with an end-to-end customizable electronic workflow. Experience the benefits of increased AP efficiency, reduced processing costs, greater control of outgoing cash flow, reduced payment risk, and improved internal accounting controls.
To learn more, visit our website or contact your dedicated Treasury Management Officer.
Click here to watch our videos on Integrated Payables.
*Use of Integrated Payments with Commercial Cards and/or ACH payment service requires separate applications and enrollment. Subject to credit approval. Terms, conditions, fees, and agreement apply. See your Treasury Management Officer for details.
The annual TEXPO Treasury Management Conference is sponsored each year by one of five Texas Treasury Management Associations. The associations include Austin, Dallas, Fort Worth, Houston and San Antonio. Attendees are made up of individuals from public entities; not for profits; companies and corporations who use treasury products; financial institutions who provide banking, treasury, and investment solutions; and vendors who supply software products to companies.
The goal of the 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.
TEXPO 2017, held April 2-4, was sponsored by the Austin Association of Financial Professionals at the downtown JW Marriott. The Austin AFP did an outstanding job in planning and executing the three-day conference.
Amegy Bank® has long been a proud corporate sponsor and has taken a leadership role in the annual TEXPO Conference. Every year the Bank 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. Additionally, Amegy Bank had several presenters during the sessions. This year Ana Chandler and Julie Fairbanks along with Bill Rogers from First Data presented: Stop in the Name of EMV! Is Merchant Regulation Breaking Your Heart? To view the slides from the presentation, click here. Mary Murray participated in a panel discussion: Successful Women in Banking.
TEXPO 2018 will be hosted by the Dallas Association of Financial Professionals April 8-10, 2018. Mark your calendars now!
The latest AFP® Payments Fraud and Control Survey confirms that business email compromise (BEC) is a growing issue. Nearly half of the survey respondents indicated a growth in overall fraud attempts, and 74% reported BEC attempts.
As a reminder, companies are facing multiple, complex threats to email security. Hacked emails, fraudulent invoices, and payment instructions from impersonators of company executives are growing at an alarming rate. Vigilance against fraudsters, masqueraders, and cyber criminals is your best defense for the safety of your payments.
It’s an exciting time in the payments industry with several innovative initiatives underway designed to move payments faster! One of these initiatives is NACHA’s “Same-Day ACH Rule” which is being implemented in phases to allow the industry to gradually acclimate to a faster processing environment. The second phase of implementation will occur on September 15, 2017, and will enable same-day settlement of domestic ACH debit entries of $25,000 or less.
What Does This Mean for You?
Beginning, September 15, 2017, ACH debit entries originated by you that meet the following criteria will be processed and settled as same-day ACH transactions*:
Stay Tuned for Additional Details
We will continue to share more information as September approaches to help you prepare for the next phase of same-day ACH.
Please contact our Treasury Management Client Services at 713-235-8805 (Houston), 214-754-9474 (Dallas), or 210-343-4419 (San Antonio) if you have any questions.
*Same-day ACH transactions are assessed an additional fee of $1.00.
A ransomware virus known as WannaCrypt, WanaCry or Wanna.Cry has recently received news coverage due to organizations around the world fending off attacks. This ransomware encrypts a user’s documents, images, and other files making them unreadable until the victim pays a ransom for the key to decrypt or unlock their data. We want to encourage you to be extra vigilant and practice good cyber defense tactics.
To prevent malware such as the WannaCrypt virus from infecting your computer:
If you suspect your computer is infected with malware:
Please remember, what may look like a harmless attachment or link to a website can redirect you to a malicious website where harmful software may be downloaded and installed onto your computer.
Using the STAND approach to identify suspicious emails and following the steps listed above when a malware infection is suspected can help prevent significant harm to the operations of your company.