Streamline Payment Processes for Your Business
Whether it's making sure your payments to vendors and suppliers are made on time, distributing payroll disbursements, or making it easier for your customers to pay your business, UFirst's cash management services can make your business more efficient. These services are designed to make sure your payments are made on time and to give you an accurate look at your business's real-time cash flow. If you're ready to make your business's operation more efficient, please contact UFirst's business banking team.
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Our Cash Management Service Offerings
Service Type | What You Need to Know About This Service |
|---|---|
ACH Payments | Automated Clearing House (ACH) payments are electronic transfers between banks. They are commonly used for payroll, direct deposits, and vendor payments. ACH payments are cost-effective and secure, but they can take a few days to process. |
Direct Deposit | Direct deposit is a type of ACH payment where funds are electronically transferred directly into a recipient’s bank account. It’s widely used for payroll and government benefits. Direct deposits are convenient, reduce the risk of lost or stolen checks, and ensure timely payments. |
Remote Deposit | Remote deposit allows businesses to deposit checks electronically without visiting a bank. Using a scanner or mobile app, checks are captured and transmitted to the bank. This service speeds up the deposit process, improves cash flow, and reduces trips to the bank. |
Merchant Card Services | Merchant card services enable businesses to accept credit and debit card payments from customers. These services include payment processing, point-of-sale systems, and online payment gateways. They enhance customer convenience, increase sales opportunities, and provide secure transaction processing. |