The Automated Clearing House Electronic Data Interchange Translator provides businesses with same day reporting of remittance information with an ACH payment.
Reduce the Risk of Electronic Fraud
Another fraud prevention option is ACH Block and Filter, which seeks to eliminate the potential for the posting of unauthorized electronic transactions. As a user of ACH Block and Filter, you can block any of the following types of transactions: Internet (WEB), consumer-to-business (PPD), business-to-business (CCD) and telephone (TEL). Following the decision to block one or more of the transaction types, your account automatically rejects all transactions of the selected type; thus protecting you from losses due to fraud. If you provide the bank with a list of approved ACH debit or credit transactions, we can block any unauthorized transactions to your account by utilizing our ACH filter.
Tired of juggling? We pick up.
Business owners and office managers tackle countless priorities and tasks every day. Reduce workload and increase security by letting us pick up your deposits. With Midwest BankCentre’s courier service, your deposits are picked up at an agreed upon time every day by a licensed and bonded security company. Your deposits make it to the bank safely, without you having to leave your desk.
Combine with Internet Banking to gain 100% control and knowledge of every deposit.
We welcome the opportunity to help you make sound decisions about which business banking products will benefit you. Contact our business banking advisors today!
If you currently use positive pay this service will provide reports to help you reconcile your accounts by showing which checks may still be outstanding.
Positive Pay Service lets you control which checks are paid from your business checking account. Used to reduce fraud, this risk-reduction strategy effectively blocks all checks from being paid on your account without your prior approval. To streamline your approval process, Internet Banking is required, as you’ll simply indicate which checks are approved for payment.
Tired of spending time collecting bounced checks? Let Midwest BankCentre's Cash Management team handle the collection. We offer NO COST bad check collection as part of our comprehensive Cash Management Services. Through the ACH network, we can improve and automate the collection of returned checks and eliminate your collection duties.
Our No Cost Service:
- Works for any business that accepts checks
- Has no limit on number of checks
- Handles out-of-town checks as quickly as local checks
- Works directly with check writer's bank
- Provides fast processing, increasing the likelihood of collection
- Significantly improves collection of NSF checks
- Collection activity viewable online
- Pays you 100% of face value
Need a good back up? Go paperless. We can provide your business banking statement on CD-Rom.