As a Treasury or Cash Management expert, you are in the business of serving some of your institution’s most important clients.
The Federal Reserve Banks provide a variety of products to assist you in improving efficiencies for your clients, recognizing risk for your financial institution and your clients, and growing revenue in your unit.
Below are some common business banking concerns. Do any of these sound familiar to you? If so, follow the links to review potential service options available through the Federal Reserve Banks.
ACH origination is probably one of your main services for your corporate and business banking clients. Are you taking advantage of product offerings as well as proactively providing payment data to your clients?
Would you like to provide your clients with a daily, weekly or monthly listing of key information related to their wire transactions? Check out our customer dashboard of wire activity.
Do you want to help your corporate clients better manage their daily cash position? Would you like to expedite collection of some high dollar checks to help reduce fraud exposure?
Do you want to proactively notify your commercial clients of incoming ACH entries, in particular those that could bear greater risk such as high-dollar debits or WEB and TEL entries? Are you offering straight-through processing (STP)?
Are you interested in separating check clearing from your clients’ main accounts to protect their working accounts?
Risk monitoring and KYC information is critical to your institution and to the protection of your clients. Are you proactively managing known risks for your commercial clients? Are you interested in adding another layer of risk monitoring to your process?
Do you have an easy way to recognize changes in your clients’ wire activities?
Do you want to speed up check clearing to reduce risk?
Are you interested in expediting receipt of returns to help protect your commercial clients and your institution?
Note: A dollar sign at the end of a service description indicates the service may provide a revenue-generating opportunity depending on whether your institution chooses to charge fees for provision of such services. Charging a fee is strictly a business decision for your institution, and the revenue opportunity section is provided for general information only.