Payments & Disbursements

Payments & Disbursements Solutions

Our disbursement solutions allow you to control the timing of your outgoing payments and improve your order to pay cycle. Comprehensive transaction origination solutions and detailed reporting improve your disbursement process and accounts payable reconciliation. Added security options provide enhanced protection from fraud.

 

ACH Payment Services

Our Automated Clearing House (ACH) solutions provide reliable, flexible, cost-effective solutions to disburse funds to pay vendors/suppliers, employees and taxes while reducing your costs and enhancing control over your payments.


Features & Benefits

ACH Credit Origination: 

  • Originate ACH payments quickly and easily through a variety of methods
  • Provide greater control over your payment process
  • Define timing of settlement to more effectively manage your working capital and cash flow
  • Initiate transactions online through Ultrimal Investment e-Connect® solution or utilize your own in-house solution

 

ACH Direct Send:

  • Directly transmit National Automated Clearing House Association (NACHA) formatted ACH origination files for processing to Ultrimal Investment
  • Upload ACH origination details in various formats into Ultrimal Investment e-Connect for immediate processing
  • Streamline your payment processing and reduce or eliminate the need for manual intervention
  • Simplify your reconciliation by incorporating ACH addenda information with payments

 

ACH Positive Pay:

Our ACH Positive Pay service provides an added measure of defense against electronic payment fraud by allowing you to control un-authorized access to your accounts and monitor transaction activities.

  • Pre-Authorize who has access to electronically debit your accounts as well as maximum transaction limits for added security
  • Automated cross-referencing of incoming ACH debits against your pre-authorized transactions
  • Use on any/all of your business checking accounts providing the level of protection you desire
  • Notification of suspect payments for your approval prior to processing

ACH Debit Block:

  • Block all ACH debits to your accounts
  • Allows you to manage outgoing payments to put control in your hands

Let's Talk

  • Email us
  • Call: +1 929 459 2119

 

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Wire Transfer Services

Our Wire Transfer services provide you with the ability to originate wire transfer payments funds domestically and internationally as well as receive incoming wire transfers providing a simple, yet secure method to manage your payments and receivables.


Features & Benefits

  • Originate repetitive and one-time wire transfers online through Ultrimal Investment e-Connect ® solution
  • Domestic and International Wire origination provides a comprehensive solution for all your payment needs
  • Full Society for Worldwide Interbank Financial Telecommunication (S.W.I.F.T.) capabilities to meet your International Payment needs
  • Delivery of detailed transaction related information

Let's Talk

  • Email us
  • Call: +1 929 459 2119

 

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Controlled Disbursement

Our Controlled Disbursement service provides control over outgoing check payments through disbursement of funds through a unique routing transit number (RTN) giving you better control over check disbursements.


Features & Benefits

  • Control timing of check disbursements to more efficiently manage outgoing payments
  • Accurately fund disbursement activity through same day notification of check clearing totals
  • Combine with Account Reconcilement to assist in fraud detection and manage disbursement risk

Let's Talk

  • Email us
  • Call: +1 929 459 2119

 

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Account Reconciliation Services

We offer flexible Account Reconciliation solutions to help your company maintain control over your accounts and save time managing account activities. Account Reconciliation also helps your company monitor items paid against your account to mitigate fraud risk.


Features & Benefits

  • Customize your account reconciliation program to meet your company’s needs
  • Provides consistent, accurate and timely reconcilement of items paid against your account
  • Flexible report delivery options and statement cut-off times to meet your  specific needs
  • Options to  maintain historical disbursement information for future research

 

Full Account Reconciliation: Provides full reconcilement of your company’s disbursement account(s). 

  • Transmit a check issue file to Ultrimal Investment for comparison against items paid against your account
  • Flexible, detailed reporting options that include issue dates, payee, date, check number
  • Provides details on outstanding check items and voided check items
  • Check errors are corrected prior to reporting
  • Complements Positive Pay to maintain strict control of check disbursements and to mitigate fraud

 

Partial Account Reconciliation: Provides a partial reconcilement of your company’s disbursement account(s).

  • Receive detailed reports of all items clearing your account during your statement period
  • Detailed check information is provided in posting order to assist in your reconcilement process

Let's Talk

  • Email us
  • Call: +1 929 459 2119

 

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Positive Pay

Our Positive Pay service helps your company mitigate the risk of check fraud and closely control payment activities on your accounts by matching checks issued against checks presented for payment. Positive Pay allows you to monitor checks paid against your account, review suspicious activities and reject unauthorized transactions before they post to your account. 


Features & Benefits

Bank Match Positive Pay:

  • Ultrimal Investment maintains your check issue information and matches checks as they are presented against your account; items that do not match are presented for your review prior to posting 
  • Review Positive Pay exceptions online and view images of suspect check items 
  • Make payment decisions before items post to mitigate fraud risk and gain control over your accounts 
  • Options to create issue records online as well as directly transmit check issue information 

Client Match Positive Pay:

  • Ultrimal Investment will provide you with a daily update of all checks presented to us for payment 
  • Compare your daily check information with your records to determine suspect items 
  • Review check images online to notify Ultrimal Investment of any return check item decisions 

Let's Talk

  • Email us
  • Call: +1 929 459 2119

 

See Details ▼

ACH Positive Pay

Our ACH Positive Pay service provides an added measure of defense against electronic payment fraud by allowing you to control unauthorized access to your accounts and monitor transaction activities.


Features & Benefits

  • Pre-Authorize who has access to electronically debit your accounts as well as maximum transaction limits for added security
  • Automate cross-referencing of incoming ACH debits against your pre-authorized transactions
  • Use on any/all of your business checking accounts providing the level of protection you desire
  • Notification of suspect payments for your approval prior to processing

Let's Talk

  • Email us
  • Call: +1 929 459 2119

 

See Details ▼

ACH Debit Block

Our ACH Debit Block service provides an added measure of defense against electronic payment fraud by allowing you to block all debits to your accounts.


Features & Benefits

  • Block all ACH debits to your accounts
  • Allows you to manage outgoing payments to put control in your hands

Let's Talk

  • Email us
  • Call: +1 929 459 2119

 

See Details ▼

TaxTeL

Make your federal or state tax payments from the comfort of your office using a touch-tone telephone. Simplify the tax payment process through an easy to use service specifically designed to pay federal and state taxes.


Features & Benefits

  • Maintain control over your tax payments
  • Flexibility to initiate payments to meet your time schedule

Let's Talk

  • Email us
  • Call: +1 929 459 2119

 

See Details ▼


Let's Talk

  • Call: +1 929 459 2119
  • Find a Branch

 

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