Payables Products

Enterprise Treasury Services' (Enterprise) payables solutions assist your financial institution in:

• Expanding its fee-based revenue
• Offering your business customers a choice of Controlled Disbursement endpoints - either Boston or Pittsburgh
• Providing consistent Controlled Disbursement reporting times
• Featuring multiple balance reporting methods through our EnternetBank^® and Data Exchange Services
• Offering Check Imaging Services to your business customers

To assist you in streamlining operations and increasing the efficiency of your business customers' payables processes, Enterprise integrates services that can be tailored to their needs.

• Disbursements
• ACH Origination
• Check Cashing Service

Disbursements

To assist you in proper funding and to maximize investment opportunities for your business customers, Enterprise offers several disbursement products and services for different levels of process sophistication.

• Controlled Disbursements
• Account Reconcilement
• Positive Pay
• Positive Payee
• Disbursement Image
• Check Issuance

Controlled Disbursements

The Enterprise Controlled Disbursement service provides your business customers with:

• Early-morning check presentment totals of their disbursements so required funding can take place on a same-day basis
• The ability to forecast cash requirements, which helps to prevent overdrafts and allows for investments of excess funds

Account Reconcilement

Enterprise Account Reconcilement:

• Gives your business customers increased control of their accounts payable systems
• Offers sophisticated data reporting
• Delivers timely, accurate information to assist in reconciling your business customers' demand deposit accounts

Positive Pay

The Enterprise Positive Pay service:

• Provides your business customers with fraud detection technology
• Matches check issue information supplied by your business customers with data captured during check processing
• Flags and enables Enterprise to research suspect items and attach to your business customers' final suspect report if deemed potentially fraudulent
• Gives a highly detailed, final suspect report to enable accurate pay or return decisions
• Is offered as a complementary service to the Enterprise Controlled Disbursement Service

Positive Payee

The Enterprise Positive Payee service uses leading-edge technology to:

• Spot hard-to-detect material alterations to a check's payee name (alterations that are common on counterfeit checks produced with desktop publishing systems)
• Combine our Account Reconcilement, Disbursement Image and Positive Pay services to potentially save your business customers' money

Disbursement Image

Enterprise's Disbursement Image solution can:

• Assist in improving the efficiency of your business customers' disbursement operations
• Assist in reducing their check storage costs
• Capture both sides of checks and send them via CD-ROM, EnternetBank^® or transmission
• Display suspect items daily as they are identified
• Allow your business customers to view both sides of checks and manipulate images by enlarging, rotating and adjusting contrast/brightness
• Let your business customers request images of items that have been paid over a certain period of time
• Be used with the Enterprise Positive Pay service

Our Disbursement Images solution must be utilized with the Enterprise Account Reconcilement service.

Check Issuance

Enterprise's Check Issuance service offers a comprehensive solution that fully integrates all of your business customers’ check and advice printing and mailing needs, including:

• Vendor payments
• Payroll
• Dividends
• Expense reimbursements
• 1099 notices
• Royalty payments
• General accounts payable checks
• Remittance advices

ACH Origination

The EnternetBank Automated Clearing House (ACH) Origination service:

• Enables you and your business customers to originate ACH payments via personal computers
• Automatically generates files that meet NACHA — the Electronic Payment Association standards
• Can be customized with your bank's name, logo, cash management service name and other information

Check Cashing Service

Enterprise offers a convenient check cashing solution for your customers:

• Enables employees who may not have bank accounts to cash checks at numerous retail store locations
• Your customers' payees may enjoy lower fees for check cashing
• Added fraud protection for your customers and their payees