Cash Management Part II

Published: Jun 9, 2016 11:15:00 AM

In our Part I of this blog series we covered the basics of TS Bank’s Cash Management Program, so for part II we wanted to dive into some of the specifics that TS Bank Cash Management makes available to your business! 

Administrator - This tab allows the user to organize and manage information while maintaining which information is shared with employees by defining and customizing roles. Other functions you are able to do are:

  • Add or remove employees
  • Create groups (categories to organize information, such as transfers, accounts, employees and more)
  • Add accounts
  • Get information about account services
  • Define access times for employees

ACH – Create electronic payments and deposits. This is a cost-effective method for handling routine transactions and can be used for a wide variety of payments and deposits. ACH can be included with part of your cash management tools. 

Wire Transfers – Used to transfer from one financial institution to another immediately and can be available for both domestic and international transactions. Options from the cash management tools include everything from new wires, changing a wire transfer, deleting wires, inquire about/search previous wire transfers, import a wire using new and existing templates.

Positive Pay – With fraudulent activity growing at 25 percent each year, your businesses security is more important than ever. TS Bank helps identify unauthorized transactions before final payment is made. You can verify that nothing is tampered with. Positive pay sends information to TS Bank, where we match and double verify all check payments. When an item is mismatched, TS Bank will then allow you to review any exception items to make sure all activity is known to your business.

Stay tuned for the third and final blog for our cash management series, which entails an exciting new surprise about the TS Bank Cash Management Program!

Written by Rachel Cain