Receivables
Your funds, faster
Our Receivables solutions can assist with collecting payments quickly and efficiently through solutions like Remote Deposit Capture and Merchant Services credit card processing. See how we can help make the process as seamless as possible.
To learn more about any of NBT Bank’s Receivables Services contact your dedicated Treasury Management Sales Officer.
Remote Deposit Capture
Want to eliminate trips to the branch to deposit checks? Deposit checks without having to leave your office, anytime, using our Remote Deposit Capture service. Your company can benefit from fewer visits to the bank, allowing focus on other aspects of your business operations.
How can Remote Deposit Capture with NBT help my business?
- Convenience
- Reduces administrative costs
- Extended check deposit window to 6:00 p.m. for processing
ACH for Receivables
Automated Clearing House (ACH) helps improve liquidity, reduce administrative burden and costs associated with processing checks, aids in easier reconciliation, just to name a few. ACH can be used for debits for recurring collections such as monthly dues. Our Treasury Management experts can advise how ACH can play a role in your receivables strategy.
ACH Regulations. What you need know.
How can ACH with NBT help my business?
- Lower administrative cost compared to processing checks
- Faster availability of funds
- Convenient options enhances customer relationships
Lockbox
Looking to outsource and expedite your collection of paper-based receivables? Let NBT Bank’s Lockbox service collect payments mailed to a dedicated post office box, scan remittance and deposit the checks, and provide reports to easily reconcile the deposits. Lockbox processing helps reduce administrative expenses and reduces the risk of internal fraud loss because NBT processes the payments.
How can Lockbox with NBT help my business?
- Eliminates administrative burden of preparing and processing check payments in house
- Enhanced customer reporting
- Quicker access to funds
Merchant Services - Credit Card Processing
In partnership with Clover®, a leading provider of point-of-sale (POS) solutions, we offer a range of powerful, cost-effective payment processing options designed to fit your business needs.
Clover Benefits:
- Fast, affordable, secure and smart POS systems
- Mobile payment solutions for on-the-go transactions
- Accept credit, debit, gift cards, and contactless payments
- Web-based business management and reporting tools
- Transparent, competitive pricing
- Data security with end-to-end encryption and PCI compliance
