Collecting (or disbursing) payments may be one of the most important aspects of your business. The faster and more efficiently you collect your receivables and disburse your payables, the faster you can begin investing your excess cash to support, operating capital or debt reduction. If you are looking for an efficient, economical, safe and reliable method to process your ACH payments, ViewPoint Bank provides the following options to help you achieve your goals.
Direct Deposit allows businesses to send payment credits electronically, through the Automated Clearing House (ACH), to the financial institution accounts of employees, retirees and annuitants. Direct Deposit can save your company time and money, increase productivity and provide more confidentiality than with paper checks.
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Pre-Authorized Debit is a consumer ACH debit application, which utilizes the Automated Clearing House (ACH) to transfer funds out of a consumer's account at their bank for recurring or other consumer approved payments. The ACH Collections process can save time and money by eliminating the need for check processing.
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Cash Concentration is an ACH debit application, which utilizes the Automated Clearing House (ACH) to transfer funds out of intra-company accounts at multiple bank locations and concentrate them into a centralized bank account. This application can serve as a stand-alone funds transfer, or it can support a limited amount of payment related data with the funds transfer.
Cash Disbursement is an ACH credit application, which utilizes the Automated Clearing House (ACH) to transfer funds between business entities. This application can serve as a stand-alone funds transfer, or it can support a limited amount of payment related data with the funds transfer.
The Vendor Payment module provides the electronic exchange of payments and payment related information in standard formats between 2 or more business entities. This process utilizes the Automated Clearing House (ACH) network between buyers, sellers and financial institutions, simplifying and accelerating the exchange of payments.
The Federal Tax Payment module provides business customers an electronic method to make city, state and federal tax payments. The Federal Tax Payment module utilizes the Automated Clearing House (ACH) network to transfer funds from the business bank account to the local and federal government agencies.
With ViewPoint Bank, you can receive information about Automated Clearing House (ACH) Return and Notification of Change (NOC) items via fax or email. Just choose the method that's right for you.