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Cash Management Services

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Make Sure All Your Payments are Made On Time

From paying your employees to making sure your vendors receive their payments on time, it is worth it to work with a bank that can automate your processes and free up your time. American State Bank offers cash management services to businesses of all sizes that will streamline your operations and ensure your payments are made at the right time in the right amount. If you’d like to learn more about how we can help your business with cash management services, please contact us to speak with our business banking team.

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Cash Management Services We Offer

ServiceDescription
Payroll Direct DepositReduce your operating costs and make payroll easier by giving your employees the option to have their paycheck deposited directly into their checking account.
Corporate Payment Direct DepositStreamline payments to your vendors with this direct deposit that pays your vendors electronically for faster processing.
Direct DebitIdeal for businesses with high transaction volumes. Amounts are automatically deducted from your customer’s account. This ensures you’re paid on time and makes things easier for your customers.

Positive Pay

American State Bank excited to introduce Positive Pay, a powerful fraud prevention tool designed to safeguard your business against unauthorized check and ACH transactions. As financial fraud continues to rise, we want to ensure that your business has the best protection available.

What is Positive Pay?

Positive Pay is an automated fraud detection service that helps prevent unauthorized transactions. We offer two types of Positive Pay services, combined into one secure portal:

  • Check Positive Pay – Your business provides us with details of issued checks (check number, amount, payee, etc.), and we compare each check presented for payment against this list. If a discrepancy is found, you will have the opportunity to review and approve or reject the item.
  • ACH Positive Pay – This service allows you to create rules and filters to control electronic payments. Any ACH transaction that does not match your approved criteria will be flagged for review.

Benefits of Enrolling in Positive Pay:

✔ Fraud Mitigation: Mitigates unauthorized or altered checks and fraudulent ACH transactions.
✔ Increased Control: Gives you the ability to review flagged transactions before they are processed.
✔ Enhanced Security: Adds an extra layer of protection against fraudsters targeting your business.
✔ Peace of Mind: Helps maintain the integrity of your financial operations by reducing risks.

How to Enroll:

Signing up for Positive Pay is simple. Contact our team at 641-342-2175 ext. 331, and we will guide you through the enrollment process. Our experts will also provide training and support to ensure you maximize the benefits of this service.

Protecting your business is our top priority. We encourage you to take advantage of Positive Pay to minimize fraud risks and enhance your financial security. Please reach out with any questions—we’re here to help!