Commercial Banking - Payments & Disbursements


Streamline payments and reduce transaction costs with electronic credits and debits. Services including direct deposit, direct debit, business-to-business transactions, and cash concentration and disbursement allow you to pay vendors, distribute payroll and collect dues and payments with the click of your mouse. The Visa® Commercial One Card helps you control and efficiently manage corporate expenses. The One Card is a single charge card account that combines travel and entertainment with procurement and fleet card features for unified processing, simplified management and maximized savings. Now you can manage it all with just one process, one staff, one card issuer and one invoice. Maximize use of available funds, simplify and standardize disbursements and forecast your cash position with our accurate reporting and notification options. Get daily totals online, or via fax or e-mail. Defeat counterfeiters, beat the Federal Reserve deadline and avoid losses by more quickly identifying fraudulent payments. Since you funnel money through this account only when you need to make a payment, you can put your dollars where they’ll do you the most good, such as in an investment account or toward a loan.		Directly deposit employees’ paychecks onto a PIN-protected debit card. You’ll save time and money on paycheck processing, and your employees will have immediate, secure access to their pay. They can use their MOD cards to make purchases and withdraw money, even if they don’t have a bank account. Make a single phone call to pay state and federal taxes with our convenient touch-tone phone tax-payment system. Quickly and easily originate one-time or recurring wire transfers via our secure centralized wire room, or with commercial online banking. Amounts can be fixed or varied. Reduce account administration time with our sorting and reconciliation services. With fine-sort, your checks arrive in numerical order with each statement. Choose partial reconciliation to get a data file of paid checks on a determined schedule, or full reconciliation for a thorough report of outstanding checks and exceptions on a daily, weekly or monthly basis.

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