Bank of the West can help you collect payments faster so you can maximize working capital, increase cash flow and help mitigate fraud risks. We can design a customized suite of receivables solutions aligned with your business strategy and objectives.
Comprehensive receivables management solutions
Our lockbox solutions include exception payment processing and a remote capture option for customer walk-in or mail-in remittances.
Electronic deposit service
Our remote deposit capture solution enables your business to scan checks and make electronic deposits securely, expediting check processing and eliminating trips to the bank.
Securely and efficiently process cash deposits and place coin and currency orders to fulfill your day-to-day cash needs. Use remote cash capture to collect your customers’ cash and deposit it in your on-site safe for provisional credit to your accounts.
Use electronic receivables instead of paper-based payments to help expedite funds availability, minimize exceptions and curb time-consuming manual processing efforts.
- ACH & wires Paperless transactions can help you manage your cash efficiently and productively.
- DirectPay manager is a feature-rich, configurable bill presentment and payment solution that allows you to offer your clients the convenience of paperless billing, automatic payments, and flexible payment methods that you choose. Your company can get paid faster, reducing Days Sales Outstanding and improving cash flow.
Provide your customers more ways to pay through scalable payment processing solutions.
1Merchant services provided by, and subject to approval by, Elavon. Elavon is not a Bank of the West affiliate. Bank of the West does not offer, control, or guarantee the services of Elavon and makes no representation or warranties regarding the services.
Investment and Insurance Products:
- NOT FDIC INSURED
- NOT BANK GUARANTEED
- MAY LOSE VALUE
- NOT A DEPOSIT
- NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY