Simplifying your payables process, extending your payables and managing risk are all important aspects in managing your business needs and efficiency. Old National Treasury Management can assist with a variety of payment solutions.
Gain greater control of your payment process. Save time and money by using Old National’s electronic payment solution through ONPointeTM Treasury or secure FTP transmission.
Pay your employees electronically using ACH direct deposit. You save time by not printing and distributing checks – and your employees are more productive by not taking time away from work on payday to deposit or cash their checks.
Filing your taxes electronically can ensure your tax payments are made accurately and on time, saving you the time and expense of other methods. Simply register to make payments with EFTPS or your state, and you will be able to send tax payments electronically.
With this solution, you will be able to electronically pay your vendors – giving you control over the timing of your payment and reducing the physical cost associated with the invoice-to-pay process.
With today’s technology, fraud isn’t limited to checks – even electronic transactions can put your account at risk. To protect your account from fraud or unauthorized electronic transactions, Old National recommends our ACH Block service.
Business Online Bill Pay allows you to pay bills easily. You set up who you want to pay, when and how much; and the payment is then deducted from your checking account and sent to the payee for you.
As technology advances, so does the ability to alter, replicate and forge checks. Old National offers Positive Pay Service to help fight fraud. Positive Pay validates incoming checks against your submitted check issue file by looking at account number, check number and amount.
The Powercash Payroll Card is an innovative way to offer direct deposit to your employees, regardless of their past banking history. With Powercash, you can enroll your employees in a card program that allows for ATM and point-of-sale access to their paycheck.
The Old National purchasing card2 gives you an additional means of financing projects to extend your payables and provides for controlled spending by employees. Gain greater control with enhanced and consistent reporting capabilities and a streamlined reimbursement process.