Product Sheets 2 Cb
5
Commonwealth Bank, together with our payroll processor, can help your business run more smoothly, provide you with concise manage- ment reports and protect you from payroll tax penalties with our Employee Payroll Services (EPS). Our Business Bankers will help you get started with our electronic payroll services. Employee Payroll Now professionally prepared pay- checks, statements and W2s can be delivered to you, signed and sealed. Security and confidentiality are always maintained. Electronic Time Clocks Eliminate manual time clock cards. Employees can log their time elec- tronically, saving you lots of time in manual collection of time cards and in calculating hours worked. Stop employee time theft and track vacation and sick time more quickly and accurately. Tax-filing Our processing partner prepares and submits all payroll related returns and reconciliation reports as required by federal, state and local tax agencies. This means your company will avoid costly penalties. We'll also handle quarterly and year-end taxes, which provides your business with timely and accurate reporting. Payroll Services Fighting unemployment claims, developing employee 401(k) and IRA plans and handling criminal background checks on applicants are just a few of the additional services offered. Talk with your Business Banker about your company's specific needs. KEY BENEFITS • Simplify payroll processing • Improve accuracy in reporting • Reduce risk and liabilities • Save valuable time • Provide an additional employee benefit • Maintain security and safety Employee Payroll Services Take the hassle out of payroll Commonwealth Bank & Trust Company Real people. Real service. Real business. MEMBER FDIC / EQUAL OPPORTUNITY LENDER
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B2B Product sheets for Commonwealth Bank
Transcript of Product Sheets 2 Cb
Commonwealth Bank, together with our payroll processor, can help your business run more smoothly, provide you with concise manage-ment reports and protect you frompayroll tax penalties with ourEmployee Payroll Services (EPS).Our Business Bankers will help you get started with our electronicpayroll services.
Employee PayrollNow professionally prepared pay-checks, statements and W2s can bedelivered to you, signed and sealed.Security and confidentiality arealways maintained.
Electronic Time ClocksEliminate manual time clock cards.Employees can log their time elec-tronically, saving you lots of time inmanual collection of time cards andin calculating hours worked. Stopemployee time theft and track vacation and sick time more quicklyand accurately.
Tax-filingOur processing partner prepares and submits all payroll relatedreturns and reconciliation reports asrequired by federal, state and localtax agencies. This means your company will avoid costly penalties.We'll also handle quarterly and year-end taxes, which provides yourbusiness with timely and accuratereporting.
Payroll ServicesFighting unemployment claims,developing employee 401(k) and IRA plans and handling criminalbackground checks on applicants arejust a few of the additional servicesoffered. Talk with your BusinessBanker about your company's specific needs.
KEY BENEFITS
• Simplify payroll
processing
• Improve accuracy
in reporting
• Reduce risk and
liabilities
• Save valuable time
• Provide an additional
employee benefit
• Maintain security
and safety
Employee Payroll ServicesTake the hassle out of payroll
Commonwealth Bank & Trust CompanyReal people. Real service. Real business.
MEMBER FDIC / EQUAL OPPORTUNITY LENDER
Commonwealth Bank, combinedwith our merchant processor, canprovide processing for all majorcredit cards. We offer excellent end-user training and ongoing support for businesses of all sizes.
Merchant Credit Card Processing is the state-of-the-art way to conduct business for retail stores, restaurants,home-based businesses and profes-sional services. To get started, youwill need a Commonwealth BankBusiness Checking Account. Nexttalk with your Business Bankerabout our merchant credit cardcapabilities.
Credit Card ProcessingWith Merchant Credit CardProcessing, your business will beable to accept major credit cardsincluding VISA®, MasterCard,American Express, Discover, DinersClub and Carte Blanche. The abilityto accept credit cards immediatelyincreases your bottom-line profitssince customers typically spend 20% to 50% more with plastic.
Merchant ReportingMerchants have the ability to viewdaily deposit activity reports online.
Check Verification and Guarantee Check services include timely claimsreimbursement, support for all majorpoint-of-sale terminals, and stop-payment fraud coverage.
Gift & Loyalty Card ProgramsGift & Loyalty Card Programs are excellent on-going marketing tools to help merchants build brandawareness, increase store traffic and maximize profits. Your cash flow will be improved by collectingpayments prior to delivery of product or service. Ask us what'snew in this area.
From equipment sales to technical support, our Business Bankers help merchants with all of their creditcard processing needs.
KEY BENEFITS
• Increase profits
• Maximize sales
opportunities
• Improve cash flow
• Immediate access to
your payment activity
• Improved sales staff
knowledge through
personal training
Merchant Credit Card ProcessingIncrease your company’s profitability
Commonwealth Bank & Trust CompanyReal people. Real service. Real business.
MEMBER FDIC / EQUAL OPPORTUNITY LENDER
In today's competitive business environment, more companies thanever before are leasing some or allof their operating equipment.Equipment Leasing can be a valuable asset for your business. In fact, equipment leasing can setthe stage for your business growth:allowing your business to keep cashavailable for income-producinginvestments and provide growth and expansion opportunities whileenhancing your bottom-line.
Leasing can be the most practical option for all kinds of businesses,from restaurants to construction andfarmers to physicians' practices.Equipment leasing can be an excellent choice for a variety ofbusinesses.
Payment plans for leased equipmentare attractive and flexible. The professionals at Commonwealth Bank together with our leasing partner, will establish a payment plan that is tailored to match yourcompany's revenue generation andthe seasonality of your business.Payments are typically tax-deductible,lowering corporate taxes. Leasedequipment is generally paid for withpre-tax dollars, not after-tax profit.Leased equipment is not shown aspart of your company's liabilitiesunless the lease itself is capitalized.
Consider leasing for all kinds of business equipment: Computer systems, telephone systems, medicaland dental equipment, farming equipment, industrial equipment and more. Chances are if you canimagine it, you can lease it. Put thestrength of our experienced BusinessBankers to work for your business.
KEY BENEFITS
• Maximize cash flow
• Improve profits
• Lower taxes
• Enjoy a flexible
payment plan
Corporate LeasingHold on to your corporate cash
Commonwealth Bank & Trust CompanyReal people. Real service. Real business.
MEMBER FDIC / EQUAL OPPORTUNITY LENDER
Automated Clearing House(ACH) is a nationwide network fordistributing electronic transactions.With ACH, you can move money,pay employees or collect bill payments electronically. All youneed is a Commonwealth BankBusiness Checking Account andACH capabilities.
When you become an ACH origin-ator, you reduce costs for processingpaychecks, invoices, collections and wire transfers – all with a fewkeystrokes. The result is greaterimprovement in payment efficiencyfor your business as well as quickand convenient collection of incoming funds.
Direct DepositWith Direct Deposit, you write fewer checks, have fewer checks to sign and fewer cancelled checks to store. You’ll also enjoy easieraccount reconciliation.
Employees will be able to accesstheir earned funds more quickly and easily. With Direct Deposit your employees can eliminate trips to the bank to cash checks. DirectDeposit is more than convenient. It’s a secure and confidential benefityou can offer employees.
Direct DebitDirect Debit is the most innovativemethod available today for your customers to pay you. With DirectDebit, you print and mail fewer hardcopies of invoices. You havegreater control over when the cashyou are collecting enters youraccount. You no longer have to wait for mailed payments to arriveand then be processed.
(continued on back)
KEY BENEFITS
• Maximize profits
• Enhance cash flow
• Reduce costs
• Improve security
• Reduce risk
• Minimize manual
deposits
• Save time
Automated Clearing House (ACH) & Electronic Check ConversionTake financial control to a whole new level
Commonwealth Bank & Trust CompanyReal people. Real service. Real business.
MEMBER FDIC / EQUAL OPPORTUNITY LENDER
Point of Purchase (POP) EntriesAs a Point of Purchase originator,your business can electronically convert and transmit consumerchecks seamlessly – making fundsavailable to you within one businessday. The benefit of converting checksat the point of purchase is to accelerate access to funds and reducetime spent making bank deposits.
POP originators are able to initiate a one-time debit entry for customerpurchases made with a check at thepoint of purchase. For a POP entry,the consumer’s check is scanned toobtain bank information and the purchase amount is entered into the point of purchase system. Thecustomer signs a receipt authorizingthe conversion of the check to anelectronic transaction. The check is then returned to the customer as a receipt.
Check Verification & GuaranteeA check verification service stops bad checks before they enter the system. For a Point of Purchase(POP) transaction, the verificationand guarantee service identifies customers by their driver’s license
and verifies their account informa-tion against a set of databases toensure the check-writer does nothave unresolved returned checks.
The merchant or company selects itsown risk parameters, so it ultimatelyhas the power to decide whether ornot to accept a particular check. The check guarantor accepts the risk of loss. Your business is fundedfor the full amount of the checkwithin five days of any qualifyingreturned check.
Account Receivable Check (ARC)With Accounts Receivable Check(ARC), consumer check paymentsare scanned to obtain bank informa-tion. The data is captured to createelectronic transactions and settledvia the Automated Clearing House. The original check is destroyed.
Contact a Business Banker today to learn more about these new technologies.
Automated Clearing House (ACH) & Electronic Check Conversion(continued)
Commonwealth Bank & Trust CompanyReal people. Real service. Real business.
MEMBER FDIC / EQUAL OPPORTUNITY LENDER
