39023 Conversion Booklet_web

24 New! ACH Origination Create and submit ACH file transfers for processing right from your computer! You can electronically deposit payroll for your employees, process your accounts payable and collect account receivables from your customers. New! Wire Manager Initiate and send wire transfers and file tax payments under dual control! New! Remote Deposit Capture Scan and send your deposits electronically to the bank from your home or office for added convenience and greater processing efficiency. New! Positive Pay An automated fraud detection tool that matches the account number, check number and dollar amount of each check presented for payment against a list of checks previously authorized and issued by your company. Designed to protect you against forged, altered and counterfeit checks. New! Merchant Services You can now process credit and debit card payments. We have point-of-sale terminals, touch-tone phone and wireless solutions for merchants on the go! This type of processing helps to reduce your exposure to insufficient funds. You will also receive monthly statements that summarize sales/returns from credit cards. Commercial Sweep Any excess funds in your business checking account above a target amount can be automatically transferred into an account that earns higher interest. BUSINESS LOANS Your business loans and mortgages will stay the same – no change to rates or terms. Please continue to make your loan payments as in the past. Start Date: Monday, July 17 at 9:00AM Account #: Same as Village Bank Payments: Continue paying as you have. If you set up automatic payments, they will continue after the conversion.