Better payment processing. Better cash flow. Better productivity.
All that money pouring into your business is a net positive. But the time and effort it takes to process paper checks can chip away at your profit margin. We can help fast-track funds into your operating accounts with two key services - one that facilitates check deposits straight from your workplace and another that converts some of your receivables to electronic payments.
Remote Deposit Capture
If you're trying to improve efficiency, having an employee - or courier - transport checks to the bank every day isn't the best use of resources. We can provide a simple scanning system that allows your team to deposit checks without leaving the office.
- Customized scanner hooks directly into your workplace computer network.
- First State Bank will provide on-site training for your business.
- Scan checks individually or in batches at any hour of the day.
- Review check images on computer screens before transmitting them to your First State Bank accounts.
- Easily generate reports summarizing each day's deposits.
- Get funds into your operating account faster, improving cash flow.
- Reduce the chance of paper checks being lost or stolen in transit to the bank.
ACH Origination
Another solution is to bypass paper checks altogether. With ACH Origination, you can arrange for customers and clients to send payments electronically - and your business can send outgoing payments the same way.
- Reduce time spent on check processing, freeing staff for mission-critical tasks.
- Increase on-time collections by having customers and clients schedule automatic electronic payments.
- Electronic payments mean faster deposits, improving your cash flow.
- Eliminate the risk of checks being delayed or lost in the mail.
- Save money on postage, envelopes, and staff labor.
Boost sales while building goodwill with your customers.
Merchant Services
In a competitive market, your business wants to say "yes" to any way your customers or clients want to pay. That means debit and credit cards, mobile payments, online transactions and more. We partner with a respected industry leader to provide customized solutions that allow businesses to accept most payment types and then quickly transfer funds into your First State Bank accounts.
- First State Bank partners with Wisconsin-based Wind River Financial to provide payment solutions.
- We offer customized hardware and software for your specific business and industry.
- Point-of-sale and mobile solutions are available.
- Accept gift cards and government benefit cards as well as debit and credit cards.
- Improve your web portal to increase online sales.
- Easily generate sales reports that can assist your business in marketing, inventory control, and employee scheduling.
- Security safeguards help protect your business from fraud.
- Enjoy exceptional customer support should you have questions about your Merchant Services.
Contact a First State Bank Business Banker or call (800) 994-2500.
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