Cash Management

In order to successfully compete in the business banking marketplace, your financial institution needs a powerful suite of online services and tools to attract and retain customers. The iLINK Cash Management platform provides this and more.

• Customers can access a comprehensive array of balance and transaction reports, either via a direct Web interface from your financial institution’s core system, or through a direct file transmission.
• A full suite of ACH features allows your business customers to create both debit and credit transactions using virtually every SEC code supported by NACHA. Tax templates are available for every United States federal and state tax, and intuitive template and transaction import capabilities allow users to easily create their own solutions.
• Your large corporate customers can more effectively reduce risk, and manage and mitigate fraud with powerful check management tools such as Positive Pay, stop payment, check copy, and check inquiry.
• Remote Deposit allows your customers to aggregate checks presented by mail or in person and deposit them online. The Remote Deposit ACH Conversion feature allows scanned checks to be converted to Accounts Receivable Entry (ARC) or Back Office Conversion (BOC) ACH transactions for quicker settlement.
• Your customers can create inter-bank wire transfers via Fedwire or CHIPS, send intra-institution wire transfers between branches, and send wire messages worldwide through the Society for Worldwide Interbank Financial Telecommunications (SWIFT) network.
• Customers with wire processing needs will benefit from the power offered through iLINK wireXchange for completing end-to-end wire transfers, featuring convenient, one-time data entry to perform every step in the wire transfer process. wireXchange includes OFAC compliance screening, dual control verification, posting to your host system, delivery to the Federal Reserve, and automated notification.
• Cash Concentration allows your customers to aggregate funds from accounts held at other financial institutions to those held at yours easily and efficiently through touch-tone voice response systems or a secure website. If funds are needed to be sent to other financial institutions, Cash Disbursement makes distributing it just as easy.
• Funds can be moved between accounts at your financial institution via the Internal Funds Transfers module. Payments can also be easily made to your financial institution via the Loan Payments module. Either or both of these capabilities are available on a scheduled or ad hoc basis.
• Reports already generated by your financial institution can be passed through to your customers via our Special Reports module.
• Data export is available from all system reports and inquiries. Balance and transaction data can be exported to small business accounting packages as well as a general CSV and BAIv2 format for all data as well as the latest versions of PeachTree and QuickBooks.