Streamline Payments & More With Merchant Services For Your Business
What processes do you follow to make sure you're paid on time? How do you know if your payments to vendors are completed on time? Do your employees receive their paycheck via a direct deposit? If you don't have answers to these questions, you could benefit from the business account management services offered at Cape Ann Savings Bank. These services offer our business banking customers the chance to streamline their processes while improving cash flow. You can learn more about our business account services by contacting our offices to speak with our business banking team.
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Our Merchant Service Business Management Offerings
Service | How This Service Helps Your Business |
|---|---|
ACH Services | ACH (Automated Clearing House) services enable efficient electronic funds transfers, reducing transaction costs and improving cash flow management. Ideal for recurring payments and payroll, it enhances financial operations. |
Merchant Deposit Capture | Do you run a busy office? Too many checks to deposit through Mobile Deposit? Merchant Capture may be your answer*. You can easily make deposits right in your office by scanning multiple checks at a time using our Merchant Deposit Capture scanner. *subject to approval |
Merchant Card Processing | Enjoy merchant services through our Partnership with Paystri, allowing the business owner to accept payments on all major debit and credit cards. Paystri is a Salem, MA company with an expert team focused on delivering the technology the business owner needs to improve their payment acceptance program. Whether the payment is accepted over the counter, contactless, or by mobile phone, they can help provide the best solution. Cape Ann Savings Bank is compensated for successful referrals to Paystri. |
Direct Deposit | Direct deposit simplifies payroll by electronically transferring funds to employees’ accounts, saving time and reducing costs associated with manual check processing. It also enhances security and accuracy. |
Wire Transfers | Wire transfers offer a fast and secure way to send and receive funds, both domestically and internationally. They are ideal for large or time-sensitive payments, ensuring quick and reliable transactions. |
Sweep Protection | Sweep accounts automatically transfer excess funds to interest-bearing accounts, optimizing cash management. This service helps businesses earn interest on idle funds and maintain liquidity without manual intervention. |
Payroll & HR Services | Cape Ann Savings Bank offers Payroll and HR Services through our partnership with Commonwealth Payroll and HR. Commonwealth is a Marblehead, MA based company offering a customizable technology solution integrating payroll, benefits tracking, HR and time & attendance. Working with you, Commonwealth Payroll and HR can create a solution that is best for your business. |