Receivables

Lockbox Services

INB’s Lockbox Service can provide your company with faster processing and improved cash flow.

Lock Box is customized to capture your company’s specific remittance data. The data captured corresponds to payment information that we transmit to your company electronically or place on a secure FTP website for you to access.

Through our online image service, you can also quickly access images of your checks and remittance documents, as well as generate reports and inquires based on criteria specified by you. Information on exception items can be input to speed up processing.

INB can also perform credit card authorizations and settlement, providing alternative forms of payment to your customers.

With INB’s Lockbox Service, your company can take advantage of:

Payments research. You can access check and coupon information and images online. You can generate reports and perform inquiries on received payments by searching check number, dollar amount, or other customer specific criteria.

Exceptions research. As INB identifies exceptions, we will make them available online for you to review. You can then input the missing information to correct the exception condition. We can then add the completed exception transaction to the rest of that day’s payment processing.

NSF research. We make images of NSF, or non-sufficient funds, checks available for you to review to enhance collection practices. You can edit return items to re-clear the item a second time or accept the item as a first-time return.


Remote Deposit Capture

Remote Deposit Capture is tailored to your specific needs and can be done in the comfort and convenience of your very own office 24/7, giving you faster access to the money your business has worked so hard to earn. Remote Deposit Capture (RDC) allows you to scan deposit items and make deposits electronically into your checking account. Our program is Internet-based making installation and upgrades easy. Benefits include:

Improved Availability. The daily deposit time is extended to 5 p.m. The combination of more processing time and later deposit deadlines results in accelerated clearing times.

On-Site Research Capabilities. You can review items by searching for the account number, routing number, amount, or check number.

Reduced Transportation Costs. You’ll make fewer trips to the bank meaning less time out of the office.

Reduced Photocopying Costs. You will not need to photocopy checks. The electronic image can be viewed at any time.

Support. We provide ongoing support and assistance as needed.

Take advantage of this technology today and see the difference it can make in your bottom line. Please call our Treasury Management Specialists at 217-747-8636 for additional information and/or to schedule a demo.


ACH Collections

Our ACH (or Automated Clearing House) Services offer an efficient way to process debits or credits electronically through our Internet Cash Management system or direct file transfer.  ACH may be used to process payroll (direct deposit), collect receivables, or move funds between accounts at multiple banks.  ACH offers:

Reduced Expenses Reduction in expenses associated with paper, envelopes/postage and bank fees associated with depositing numerous checks.  Internal expenses are also reduced due to the reduction of time spent processing checks and preparing/reconciling deposits.

Effective Budgeting Automatic collection and disbursement allows companies to know when funds will be collected and how much to expect.

Convenience Once set up forms have been completed by the members, no additional paperwork is required.

ACH is easy to set-up in one of two ways:

  • By creating templates and batches within our Internet Cash Management system. These templates and batches save time when a transaction is generated.
  • By uploading a NACHA formatted file to our secure FTP site. (This option often is automatically available through accounts receivable systems).

Merchant Services

We can help you accept payments however and wherever your customer want to pay. Whether you’re looking to accept or process credit cards through a terminal or online, INB has a solution.