Old Point’s Treasury Services will enhance your cash flow management for an improved bottom line. Contact us at [email protected].
A thriving company needs comprehensive banking security services.
- Remote Deposit Capture - Make deposits quickly and securely, right from your office. Simply scan your checks using a certified desktop check scanner, attached to any PC, and transmit check images to be deposited through a secure Internet connection. Find more details.
- Positive Pay - Avoid cashing fraudulent checks against your account before any money is lost. Old Point matches the checks you issue with those presented for payment and any check that doesn’t match is considered potentially fraudulent and will be sent to you for examination.
Paid Check Review - Review and return any fraudulent items presented for payment from your account with daily email notifications.
- Account Reconciliation - Our prompt and accurate account balancing service simplifies the reconciliation of your account and provides early warning of possible fraudulent activities.
- ACH Fraud Controls (Debit Block/Debit Filter) - Old Point’s ACH Fraud Controls offers the ability to block all incoming ACH debits presented to your account or you can choose to screen for valid ACH debits presented.
- Image Lockbox - Our image–enabled lockbox is the most efficient way to collect payments that are mailed to you. Old Point picks up mail from the post office each day and deposits the checks directly into your account, then sends you deposit information to update your records. Decreased processing time means your funds will be available faster.
- eStatements - Never lose a statement in the mail again! Old Point eStatements are safe, secure and promptly delivered—we send email reminders when they’re ready to be viewed.
Realize the full earning potential of the cash in your accounts.
Supply Old Point with a file of your transactions for electronic transfer so you can:
- Reduce time and costs by distributing payroll with direct deposit
- Add convenience and increase employee productivity by reducing unnecessary trips to their financial institution
- Reduce stop payments and account reconcilement problems caused by lost or stolen paychecks
INFORMATION REPORTING SERVICES
Integrate these services with your software for faster account reconciliation to save time and reduce opportunities for fraud.
- Wire Notifications by Email - Receive immediate email notification when a wire transfer is deposited into your account. All payment details provided by the sender, such as invoice or P.O. numbers, will be included.
- ACH Reports - Receive notification, including all payment details, when an ACH or electronic deposit is credited to your account. This can be invaluable when multiple invoices are paid with a single deposit, or for medical providers who receive payments on behalf of multiple clients.
Old Point's Integrated Payables Solution is an easy to use web-based application that delivers a more efficient account payables process.
- Combine each payment method into a single file
- View records, check status and detailed reports
- Access archived payment data for 7 years
- Establish multiple users and levels of authority
- Create and export a Positive Pay check issue file or ACH file
- Enroll vendors simply and quickly without the need for mutual sharing of bank account details
- Allow vendors to choose to receive paper checks or electronic payments using their existing account and receivable system
- Provide vendors with payment email notifications and access to detailed remittance data
- No equipment or software to purchase
These features can benefit your company by:
- Reducing costs from in-house check production and disbursement
- Reducing A/P staff workload, errors and payment dispute research
- Capturing a monthly rebate for virtual card payments processed