Electronic Funds Transfer
Electronic deposits and payments can save your company or organization time and money while improving the satisfaction of your employees and customers. Thanks to advances in technology, transactions completed electronically are safe and accurate - governments, financial institutions, and large corporations worldwide use electronic funds transfer to conduct business.
Benchmark currently offers these commercial services:
- Bill Pay
- Direct Deposit Payroll Service
- ReSubmitIt Check Recovery Service
- Scan and Send Deposits Electronically
- Merchant Services and Credit Card Processing
Businesses that do not require two signatures on accounts can use Benchmark's current Bill Pay, which saves money on checks and stamps. You can set up, schedule, and track single, future, and recurring payments. Bill Pay designed specifically for larger businesses (those requiring more than one signature on accounts) is being considered.
Direct Deposit Payroll Service
Also called ACH Origination, this service makes it possible for us to meet the needs of business customers who want to simplify the payroll process. It eliminates the need to produce and track paper checks. With Direct Deposit Payroll, you can generate your payroll electronically, which is both more efficient and more secure - no checks to get lost or stolen. The process is also less labor intensive, freeing up your staff for other initiatives.
Spending too much time collecting bad checks? Meet Re$ubmitIt®:
- Electronic check recovery service that handles NSF check collection for you;
- Discreet process significantly increases—may even double—your recovery rate;
- You receive 100% of the face value of checks that are collected electronically;
- It's free to all of our business checking customers!
Click here to learn more about ReSubmitIt®.
For registered users:
Access ReSubmitIt's secure online reporting center to find the status of any checks being collected for you.
Scan and Send Deposits Electronically
Sometimes referred to as remote capture, this time-saving tool eliminates the need for business customers to bring paper checks to the bank for deposit. Instead, you can process those checks electronically. Here's how: the MICR line on paper checks is scanned in your place of business and the check information is electronically converted and sent to the bank for processing as an ACH transaction. Without leaving your place of business, you're done!
Merchant Services and Credit Card Processing
Benchmark is pleased to partner with Blue Pay as its merchant services provider. We’re certain that you will appreciate Blue Pay’s payment industry knowledge, competitive pricing and excellent customer service. Blue Pay’s merchant services include the processing of credit and debit cards, gift cards, card not present, mobile payments and eCommerce. Learn more.