TREASURY MANAGEMENT
ACH Origination Services
Leverage the Automated Clearing House (ACH) Network to quickly and easily distribute funds to vendors, employees, or your own business accounts, or collect payments from your customers.
Move your money with ease
ACH Origination allows you to initiate electronic transactions through the ACH Network. This makes it much simpler for you to distribute funds to your own accounts, your vendors’ accounts, or even your employees’ accounts for payroll and expense reimbursements. You can also consolidate cash from your own business accounts at other institutions or collect payment from your customers’ accounts.
ACH Payments
Using the ACH Network to make payments instead of writing checks is not just easier, it can also help you save time and money while assisting in reducing fraud.
- Lower administrative costs. Reduce the administrative costs associated with check preparation, mailing, and reconciliation, as well as stop-payment and reissue costs for lost or stolen checks.
- Provide employee convenience. Offer convenience and time savings to employees by sending payments directly to their accounts.
- Manage cash flow better. Control timing of disbursements to take advantage of vendor discounts and predict when your account will be charged.
- Mitigate fraud. Help to eliminate checks that include sensitive account information.
ACH Receivables
Improve your cash flow management while helping to mitigate risks and minimizing administrative tasks by receiving payments to your company through the ACH Network.
- Improve cash flow forecasting and funds availability. Create payment schedules to time incoming payments.
- Expedite payment collections. Eliminate mail and check processing float to manage receivables with more predictability.
- Minimize administrative tasks. Free up staff time previously set aside for depositing checks and tracking and collecting late payments.
- Lower risks. Accelerate return item information, which can be reported as soon as the next business day.
Get Financial EDI to complement your ACH service
With Financial Electronic Data Interchange (FEDI), you can receive detailed information from your trading partners about the remittance transaction. This reporting is available digitally through Treasury Internet Banking or in a file format that can be consumed by your accounting system.
