Fraud
Stale Dating, Dollar Thresholds and Teller Line are all options/features of this service
What is Payee Positive Pay/Positive Pay
Payment solution that allows clients to originate or receive credits 24 hours a day, 7 days a week, 365 days a year up to $1,000,000 per individual transaction.
What is Real Time Payment
This solution allows companies to offer their customers/payers an electronic option to view & pay bills quickly and efficiently utilizing various ways to pay including ACH, Credit and/or Debit payment channels
What is Electronic Bill Presentment and Payment (EBPP)
A digital on-line banking platform and payment suite that defaults to single admin with single create and release settings. However, the system admin can enable the "Require approval from another user" permission so that a user is required to have their payments approved by another user with approval permissions.
What is Cash Flow Essentials (CFE)
Document and approval required to setup cash management services for a client relationship that is < 12 months with the bank.
What is Treasury Due Diligence with Market Manager approval
We ask that RM's attached the document and approval to the referral when submitted.
A unique identifier that looks and acts like an account number and a universal routing number are features of this service
What is Universal Payment Identification Code/UPIC
Provides a mechanism to move funds electronically same, next or future dated. Some uses include the concentration of funds, direct deposit, corporate payments, and tax payments.
What is ACH
Funds are concentrated into a central operating account to allow clients with multiple locations, divisions, or accounting functions to consolidate balances while maintaining a clear audit trail. Reduce cost due to inaccurate funding, save time monitoring accounts, and improve cash flow.
What is Zero Balance Account (ZBA)
A tool for business customers allowing them to send invoices, accept payments, and access accounting and reporting features.
What is Autobooks
The standard administrator expectation when setting up new customers or adding new services to existing customers on accessOPTIMA.
What is Dual Administrator
Upon receipt of a notification, the user can review the ACH debit transaction and decide if it should be paid or returned. If approved, a new Electronic Payment Authorization (EPA or filter) can be created to authorize future occurrences.
What is ACHieve Access
A Payer-branded portal that enables disbursements to individuals through a payee driven payment experience that will allow the payee to select how they would like to receive their payment. Eliminate data capture and storage of payee information.
What is Payee Select
This solution accelerates cash flow by pairing efficient collection of accounts receivables with timely payment data reporting. Our clients’ customers can send payments and invoices to an assigned P.O. Box in these five cities: Boston, Chicago, Dallas, Los Angeles, and Pittsburgh, which are then picked up and processed quickly and accurately according to certain specifications.
What is Lockbox
A digital treasury management platform that provides access to real-time information, seamless payment functionality and practical tools to help clients meet daily cash flow requirements and make well-informed business decisions. An a la carte solution that is customizable based on the clients cash management needs.
What is accessOPTIMA
These types of ACH transactions are excluded from Cash Flow Essentials' ACH Module:
______, ______, ______
What is International, Debit, and Same Day
All paid checks are presented to the customer for decisioning each day and the default is to keep the item paid unless a decision is made before the cutoff time to return the item.
What is Reverse Positive Pay
A service available for clients with an annual volume > $250,000 in international foreign currency payments.
What is the FX Desk
A simplified check deposit process that allows customers to capture and transmit digital images of checks right from their place of business using an on-site workstation or from their mobile device, while retaining searchable images for reference.
What is Remote Deposit Services via accessDEPOSIT or EZ Deposit
Helps simplify the challenges of managing client funds. Master and sub-account setup allow customers to create and manage accounts that they oversee. Reporting features provide a detailed record of activity.
What is accessESCROW
True or False:
Customers can utilize an on-site workstation (Desktop Scanner) to deposit checks on Cash Flow Essentials
What is False
The standard security control of administrative entitlements on accessOPTIMA for release of Wire, Real Time Payment (RTP), and ACH transactions.
What is Dual Approval
Clients can elect to utilize this service for an additional fee of $27 in order to prevent the intermediary bank from deducting their fee from a wire.
What is Beneficiary Deduct
This service is provided by a third party. Clients who utilize it may receive Advance Credit for their cash deposits safely from their place of business.
What is SmartSafe
A standalone, web-based platform that allows users to initiate, approve, and report on all foreign exchange and foreign currency account transactions from a single source. It also allows clients to obtain real-time exchange rates and execute Spot, Forward, and Window (time option) contracts.
What is CBForex
With this solution, the customer sends Citizens a file listing payee, dollar amounts and dates. The bank processes the file, prints, and mails the checks on their behalf.
What is CheckMint