Streamlining the way you pay your business vendors can shave costs and free up valuable staff time for more productive pursuits. Automating payables and distribution through ACH Origination reduces the time associated with writing paper checks and eliminates mailing costs. By eliminating the processing float associated with paper checks, you can drastically improve your cash forecasting, which keeps you in better control of your finances.
ACH Origination Is Simple and Secure
ACH, or Automated Clearing House, is the same transaction-clearing network that facilitates direct deposit for your employees. Setting it up is simple. If your customers agree to receive automatic credits or debits to or from their bank accounts, you can submit files to send payments to them electronically using our online transaction initiation system, 1st Online. For reporting purposes, remittance information can be appended to each transaction as needed.
Pay Vendors More Efficiently with ACH Origination
ACH Origination epitomizes the speed and efficiency 1st Online can bring to your business banking tasks. If you have questions, or want to get started, talk to one of our Business and Executive Bankers today. Call us at 410-735-2003, stop by a nearby branch or email us at CashManagement@1stmarinerbank.com.