Get better control over cash flow, increase the efficiency of your payables processing and reduce fraud by using electronic data interchange (EDI) for your payments and collections. EDI transactions are sent electronically through the ACH network. Typically EDI transactions contain more information than standard ACH payments and allow you to transfer funds and give trading partners remittance detail such as invoice number, pay dates, and instructions.

INB gives you the capability to originate and accept EDI transactions by instructing your customers or trading partners to send your payments and remittance information directly to us. We will post the incoming payments to your account, and make your remittance detail available via fax or secure Internet connection so you can automatically update your receivables system.

EDI provides:

• Efficiency – Electronic payments increase accuracy, while reducing the time and costs of manual processing and mailing.
• Flexibility – You can receive information via fax or secure internet connection.
• Cost Savings – Since we process the payments for you, no major investment in an EDI translation system is necessary. Timely payments can also qualify you for vendor discounts.