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Cash Management Program. What percentage of the US population uses the Internet?. a. 21% b. 59% c. 82% d. 99% NielsonNet Rating. b. 59%. What percentage of small businesses use the Internet?.
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What percentage of the US population uses the Internet? a. 21% b. 59% c. 82% d. 99% NielsonNet Rating b. 59% What percentage of small businesses use the Internet? a. 35% b. 49% c. 82% d. 95% nucifora.com c. 82% What percentage of small businesses use the Internet to bank electronically? a. 14% b. 31% c. 48% d. 100% nucifora.com b. 31% How many Financial Institutions have online banking? a. 3000 b. 4000 c. 5000 d. 6000 Online Banking Report d. 6000
User Log-in Secure Four Part Login You must click on submit Terms & Conditions are available any time by clicking here
Administration • Add, Delete, Change users within your company. • Give different levels of access to each user • View reports on activity from each user • Balance Alerts • Account Maintenance • Change Passwords and User Preferences
Balance Alerts You will receive e-mail notification once criteria has been met
Account Services • Reconciliation Services • Positive Pay Decisions • Add Stop Payments • Review Stop Payment Activity
Benefits of Positive Pay • Every check that clears your account is compared against what you record as issued • The process aids in identifying errors and insures earlier encoding error corrections • Through this process check fraud is detected the day it occurs • Every item on your account will have the correct serial number and amount, daily • An electronic “paid-check” file can be sent to you, reducing the amount of time required for account reconciliation
Positive Pay Exception Decision Positive Pay is a tool that uses daily account reconciliation for early detection of check fraud in order to minimize your exposure to loss.
Stop Payments You enter the stop payment information and then submit electronically for processing
Check Fraud Challenge • The percentage of businesses reporting check fraud in 1997 was 16.8% • In the year 2002, this number grew to 34% • $40 buys more than 750 blank checks at most office supply stores; these store-bought checks have more security features on them than the checks used by most businesses • Your company may have already lost funds to check fraud without even knowing it! • 33% of all check fraud occurs from within the organization
Balance Reporting • Account Activity/History by user • Create Reports • Run Selected Reports • Transaction Search for specific transactions
Funds Transfer • Initiate ACH payables and receivables • View and Approve ACH activity by each user • Initiate Account Transfers • Send Electronic Tax Payments • Initiate Wire Transfers • View and Approve Wire Transfers by each user
