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Our receivables products and services will minimize collection float and maximize your company’s funds availability.

i-BusinessCapture

Our remote deposit capture service provides you with an easy, fast and convenient way to send your deposits to the bank electronically, without having to leave your office. With i-BusinessCaptureTM, you won’t have to travel to the bank to deposit checks, saving money and giving you more time to focus on your business. It will also accelerate the availability of funds.

Special imaging scanners are installed at your offices to scan your checks and transmit the images directly to the bank for deposit into your account.

How it Works

It’s a simple and fast process with 3 easy steps:

  • Log onto the bank’s secure i-BusinessCapture site
  • Feed your check into the scanner
  • Transmit

Features and Benefits

  • Reduces paperwork by eliminating the need for paper deposit slips
  • No need to travel to the bank to make your deposit
  • Improves check deposit research ability
  • Our technology specialists will procure and install all equipment
  • Allows users ability to run reports to capture deposit information
  • Can be used as a fully integrated accounts receivable tool with existing accounting package

 

 

 

Lockbox Services

Our lockbox services accelerate funds availability, provide timely remittance information and expedite collection of receivables. This service can improve your operations and be customized to meet your specific needs.

i-Business Lockbox™

i-Business Lockbox is a secure, online lockbox which can be accessed through a log-in on the self-service Web site. This service allows you easy-access to detailed information and end-of-day alerts on daily activity.

Features and Benefits

  • View current day information as PDFs or single images
  • Create and view previously made reports, images, notes and files
  • Add notes to transactions and perform a search on them to recover information later

Retail Lockbox

Our Retail Lockbox Service is designed for companies that receive a large volume of smaller dollar monthly payments from payers that would utilize a coupon. The remittance coupons that are sent with payments are machine-readable, providing you with the information you need to post receivables. After initial sorting, the checks are run through an automated workstation that captures the account number, payment amount, and any other additional information you require. Deposit information is available to your company via transmission or regular mail.

Wholesale Lockbox

Our Wholesale Lockbox Service is designed for companies that receive a lower volume of high dollar payments. By instructing customers to remit their invoices to a special lockbox address, your company will enjoy enhanced availability of funds and lower internal processing costs. We will pick up the payments at the post office each day and quickly credit your account. Deposit information and remittance detail are available to your company via internet, e-mail, fax or regular mail.

Features and Benefits

  • Increased funds availability
  • Better audit control
  • Improved operational efficiencies
  • Customized service to meet your specific needs
  • Reduced labor and processing costs
  • Reduced manual data entry errors
  • Increased processing speed and accuracy

 

 

Merchant Services

Give your customers more payment options with Wintrust’s Merchant Payment Processing. This service, offered via FIS Merchant Services, enables credit card payments to help increase your sales revenue and expand your customer base.

Electronic payments can account for a large portion of your sales. That’s why it’s so important to choose the right payment processor. With our Merchant Payment Processing, whether your transactions are retail or business-to-business, our dedicated team of experts can help you grow your business and meet all your payment processing needs.

Features and Benefits

  • All major credit and debit cards
  • Check processing services to convert paper checks to electronic payments
  • Gift cards and stored value cards
  • Detailed monthly statement via paper or on-line
  • Marketing support materials
  • Terminal and software training and installation
  • 24/7 toll-free comprehensive customer support
  • Easy to use point of sale equipment
     

ACH

Automated Clearing House (ACH) transactions are a low cost way to initiate electronic collections. Originate ACH transactions at your convenience, quickly and efficiently. You can perform a wide variety of ACH transactions via our i-BusinessBankingTM website even when you are away from the office.

ACH Collections

  • Increased availability for ACH collections versus paper checks
  • Eliminates paper bills and postage costs
  • Reduces delinquent payments and collection expenses
  • Control of receivables versus waiting for checks in the mail
     

EDI

Wintrust’s Electronic Data Interchange (EDI) provides a convenient and innovative way to send electronic payments and payment-related information. Financial EDI is the electronic transfer of payments, payment-related infor¬mation or other financial documents in a standard computer readable format. This allows you to receive your payments electronically with payment-related details. The detailed attachments would be similar to the information contained within an invoice or purchase order.

Receive

  • Allows detailed descriptive information attached to ACH credits to be passed from the initiator of the transaction to your account via the re¬port download feature on our i-BusinessBanking™ website


Originate

  • Customers have the ability to send ACH transactions with invoice details
  • Customers save money and time spent sending invoices with transaction details


Features and Benefits

  • View ACH credit and debit information.
  • Update your accounts payable and receivable system directly from the EDI information
  • Download data in NACHA formatted files to your reconciliation software
  • Fax details of EDI information is also available in i-BusinessBanking™

Wire Transfers

Initiate domestic and international wire transfers with our convenient wire transfer service.