Banknotes

By: Jeff Ellestad, Treasury Management Sales Officer

Many businesses today are becoming more and more aware of the risks associated with payment fraud.  And, quite frankly, they should be.  While the network of fraudsters only continues to get larger, these savvy individuals and networks are always on pace, or even a few steps ahead of the game, and are ready to attack.  They have become so sophisticated on their efforts to successfully intercept corporate funds, that by the time a company thinks they might be a victim, it’s far too late.

Getting paid quickly helps control cash flow and reduces redundant billing for past due invoices. A well-crafted email can actually help your invoices get paid faster! The following tips outline exactly what you need to include in your email. We even provide sample email templates at the end of this article for a new invoice, reminder notice, and past due notice that you are free to use.

Used with permission from Security Card Services.

The mobile revolution is affecting consumers across the board, but its impact is especially evident among younger consumers. They are embracing mobile technology – and in many ways, they are leading that revolution.

We as a bank have been seeing more fraud attempts in the last few months than we have seen for the last few years. Inspired by an article in the Boston Globe, the article below focuses on some very easy, low- and no-cost ways to reduce cyber fraud. The information in bold is taken directly from the original article.

1. Establish a clean desk policy. 

Banks and other regulated financial institutions are required to implement a policy that specifies how employees should leave their working space when they depart [the] office.

Treasury Management services include the process of controlling cash flow and maximizing working capital by:

• Managing or extending payables
• Developing a proper account structure
• Protecting against fraud
• Investing excess cash, and
• Developing the personalized metrics and reports that help you run your business effectively and efficiently.

Banking online has become extremely popular for personal use, but businesses of all sizes may have even more to gain from online banking services: