In addition to account access and bill payment, your bank can also offer powerful tools to your commercial customers.
Commercial Banking Tools
- User Security
- ACH Processing
- Wire Management
- Positive Pay Services More Details >>
User Security
With a diverse customer base, you will find that certain customers want to allow other non-account owners to view and manage certain aspects of their accounts. For example, a business may want their accountant to have access online. Our user security tools allow a business administrator to create and manage account access for people associated with the business. The administrator can grant access to certain features and can control the level of access to each account available to the business online.
ACH Processing
You may have commercial customers who want to pay payrolls or who want to collect fees from their customers. Our ACH tools allow a business to set up ACH batch templates that can be used repeatedly. NACHA files can be imported to eliminate double entry of data. A complete history of past ACH transactions is available.
Wire Management
From the online banking site your commercial customers can create and submit wire instructions to your bank. Security controls can be put in place to require two people from the business to authorize wire transfers. The wire instructions are then automatically submitted to the bank for final approval before being sent to the Federal Reserve Bank (FRB). All of this without any retyping of wire data.
The FPS GOLD wire system also includes a powerful tool called EFT GOLD. EFT GOLD is your bank’s complete wire management tool. You can use EFT GOLD to enter and review outgoing and incoming wires from the FRB.
Positive Pay Services
The FPS GOLD Positive Pay option is a fraud prevention tool. With this tool, businesses submit or enter the checks they have actually written. When any check attempts to clear on the specified account, it is compared against the submitted list of checks from the company. If the check attempting to clear is not on the list, it becomes an exception. The business can review these rejected items and request that they be returned or posted. The bank has final say in what happens. If the business doesn’t handle the exceptions by a designated time, the bank returns the items.
Fully Transactional Internet Banking
Your commercial customers can benefit from the same features as your retail customers anytime and anywhere. Here are some of the important benefits: More Details >>
- Check account status in real time
- Deposit funds at the bank and see the new balances online
- Transfer funds online and use them the same day
- Review account history by date, amount, check number, or description
- View stored check images
- Stop payments on checks
- Transfer funds to other accounts
- Make loan payments
- Make one-time or recurring bill payments
- Order new checks
- View electronic statements
Automatic or On-demand Reporting of Online Activity
If you want to further analyze online activity, you can review the reports we have designed for this purpose. These reports can be printed automatically each day, or you can generate immediate, up-to-the-minute reports with GOLDWriter.