Improved accuracy, standardized communications and greater control of account information for more precise cash forecasting. Plus, our remittance reporting saves time and costs associated with manual key entry functions. To ensure that our clients maximize EDI's potential, U.S. Bank provides a cross-functional team of experienced professionals and assigns an EDI analyst to manage implementation. For established businesses that accept payment by credit card, U.S. Bank provides credit authorization, data capture and funds settlement for a wide range of credit cards. If your business has multiple collection locations, U.S. Bank's Cash Concentration can consolidate funds into one account, automatically collecting deposit information and initiating ACH transfers.
Image technology adds speed and efficiency to item processing.
Since the actual check image is used for coding, the need for data entry is reduced and the risk of error is diminished. Current, accurate remittance information enables accurate cash forecasting and the automatic updating of receivables through data transmission. If your company deposits large amounts of cash, U.S. Bank's highly automated Vault Service provides the extensive security and accurate reporting you need. Fast, automated processing helps reduce cash deposit processing time and speeds collections. With our cash vault service, you can phone in cash orders 24 hours a day, seven days a week.