Use the Automated Clearing House (ACH) to disburse regular payments directly to
employees' and vendors' accounts with pre-authorized credits. Faster transportation
and processing saves you time and money and provides increased security from fewer
touch points and automated controls.
Vendor (Business-to-Business) Payments
- Pay vendors in a timely manner to take advantage of discounts.
- Send additional payment information.
EDI Payments
Make electronic ACH payments and provide remittance information electronically to
your vendors in one easy step using EDI payments. Payment instructions are sent
to the bank using EDI payment standard files, INTRUST will translate the payment
instructions into ACH transactions, including remittance data, and originate them
to your vendors. For a complete outsourcing of payments, check and wire payments
can be initiated through the process as well.
Cash Distribution
Move funds from your INTRUST account to non-INTRUST banks. This service provides
a safe and convenient method of transferring funds between corporate accounts at
different financial institutions.
Tax Payments
ACH provides an efficient method for you to pay both federal and state payroll and
non-payroll tax payments. The Electronic Federal Tax Payment System (EFTPS) and
many states allow you to make tax payments by either ACH debit or credit.
- Debit method. Allows you to report payment information via Internet or
touch-tone phone. The taxing authority then debits the tax payment from your account
on the specific date you choose. In emergency situations, we do participate in the
same day wire option. For more information, visit the
EFTPS Web site.
- Credit method. Allows you to create an ACH credit containing appropriately
formatted tax filing information. INTRUST Treasury OnLine
provides the ability to create ACH credit tax payments for federal and all 50 states.
Benefits to Your Business
- Simplifies processes. Maximize cash flow forecasting because you'll know
in advance when each disbursement will be made.
- Convenience. Eliminates mail delays.
- Safety. Reduces check fraud losses.
- Increased efficiencies. Eliminates costs associates with a paper based system,
including printing and storing of checks, as well as preparation and postage expenses.