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Our suite of electronic payment services offers you speed, security, accuracy and flexibility. We'll help you streamline your payables processes, providing you with a variety of easy-to-use, technologically-advanced payment options.
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U.S. Bank is one of the nation's top volume originators of Automated Clearing House (ACH) transactions. We offer a variety of electronic payment initiation options, including online and direct data transmission for both domestic and foreign payments (to Canada, Mexico and Europe). When the timing of your ACH disbursements is exactly known, your cash flow forecast and decision-making information is enhanced.
SinglePoint has a powerful, secure and easy-to-use online ACH origination service. Using this online service, you can create ACH debit and credit transactions and transmit them directly to the bank for processing.
- Pay vendors, employees, shareholders or other parties for a variety of transactions.
- Save the time and cost of writing, reconciling and distributing checks.
Would you like a cost-effective way to initiate electronic disbursements? Send us an electronic file of ACH disbursements, and we will process the transactions as well as debit your account on the settlement date.
- Save the time and cost of writing, reconciling and distributing checks.
- Improve your cash flow forecast since you know exactly when you need to fund ACH disbursements.
- Disburse dividends and pay taxing authorities or other parties for a variety of transactions.
Would you like detailed information on your incoming ACH transactions without waiting for your checking account statement? You can obtain daily detailed information with our ACH Receipt Reporting. This service provides:
- Timely, comprehensive detailed information.
- Report options to meet your needs, including data transmission or a U.S. Bank information reporting service.
Would you like to send ACH transmissions to Canada, Mexico or Europe? Using direct transmission or SinglePoint ACH, you can create ACH debit and credit transactions and transmit them directly to a Canadian bank for processing. And, with direct transmission you can also initiate ACH credit transactions to Mexico and Europe.
- Pay Canadian, Mexican and European vendors, employees, shareholders or other parties for a variety of transactions.
- Canadian payments may settle in U.S. Dollars (USD) or Canadian Dollars (CAD). Settle your Mexican transactions in Pesos.
- For Canadian payments SinglePoint lets you enter recipient information once and reuse it each time.
- European payments can be sent to five countries (Austria, Germany, The Netherlands, Switzerland and the United Kingdom).
View information on the International ACH Transaction (IAT) processing regulations.
Electronically deposit funds into your employees' accounts at the financial institution of their choice using one of our ACH services. You can initiate payroll, pension benefits, expense reimbursements and other payments this way.
- Save the cost of writing, reconciling and distributing checks as well as time spent handling lost or stolen checks.
- Provide an employee benefit that saves them time and eliminates your need for special arrangements for employees traveling, vacationing or away from your headquarters.
- For disbursement recipients without bank accounts, our Disbursement Card Services offer an ATM/point-of-sale debit card solution.
Fast, accurate and timely information delivered where, when and how you specify.
Online Tax Payment Services1
EasyTaxSM
When making automated tax disbursements to the federal government or to any state that allows electronic payment, EasyTax provides the following clear advantages:
- Quick, easy-to-use Internet or Touch-toneTM telephone ACH origination service.
- Fully Electronic Federal Tax Payment System (EFTPS)-compliant service.
For a more detailed look at what you can do with U.S. Bank EasyTax, explore our online demo. Use the following Access Code and Password to access the system.
- Demo Subscriber Access Code - 01871429
- Password - 1234
View Demo
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Bring precision to your payables with U.S. Bank Electronic Data Interchange (EDI) Payment Origination Services. EDI provides the technology, information and flexibility needed for an efficient payables program. You can:
- Reduce your paper, document storage and postage expenses when you send electronic payments and/or payment-related data electronically.
- Gain precision in your disbursement scheduling and enhance your cash outflow forecasts.
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Our E-Disbursement Service is an efficient, flexible solution that allows organizations to streamline disbursement of funds to large numbers of individuals and organizations. Through a bank-hosted Web site, recipients of funds self-register and manage their disbursement preferences, view their status and receive automatic email notifications. We'll handle the disbursement process and allow you to:
- Offer multiple disbursement methods including deposit to a bank account, prepaid card and check
- Reduce disbursement costs and administrative efforts by using a secure, efficient solution that includes recipient self-service
- Ensure compliance with timely disbursement of funds
View an online demo of E-Disbursement Service.
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| U.S. Bank File Status Manager is an optional service used in conjunction with ACH origination, batch wires or Check Payables. File Status Manager allows you to easily and quickly confirm the status of your EDI payment file transmissions sent to U.S. Bank by logging into a secure Web site. In addition, you may also drill down to confirm the status of individual ACH, wire or check transactions. With system administration features, you have the option to assign multiple users' access to File Status Manager to confirm the status of your EDI transmissions. |
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Wire transfers move funds quickly and securely around the country or the world. We offer a full range of input options including telephone, PC and mainframe transmission to send immediately available funds electronically. Additionally, wires may be initiated through SinglePoint.
Initiate a wire transfer through any of the following methods:
- Touchtone phone
Enter repetitive wire transfer requests through a touchtone phone.
- Voice
Call U.S. Bank Wire Transfer Operations to initiate any wire transfer type.
- Automated Standing Wire
Establish domestic and international (USD and foreign currency) repetitive transfer instructions to automatically move funds between two specified accounts when your pre-set criteria is met.
- Mainframe Batch Wire
Send your automated wire transfer files, for any wire type, from your mainframe computer via direct transmission. Both domestic and international (FX and USD) wire transfers can be included in a single file.
- Customer Money Transfer (CMT)
Establish a connection to the bank with your PC to initiate domestic and international wire transfers. You can also receive reporting information on all of your incoming and outgoing wires.
- SinglePoint Wire Transfer
Initiate and manage wire transfers, including domestic and international (USD and foreign currency) transfers and tax payments. Security features, online anytime access and user centered design enhances the effectiveness and efficiency of transferring funds via wire.
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U.S. Bank EIPP provides a flexible payables automation solution – ideal for any organization wishing to create efficiencies in Accounts Payable, optimize working capital, and reduce supply chain risk. With collaborative document exchange and auditing, payment processing and integrated trade finance capabilities, organizations can eliminate paper invoices, automatically reconcile invoices to orders and make payment to suppliers anywhere in the world. The result is efficiency and cost savings for both buyers and sellers.
- Reduce paperwork and costs - EIPP converts paper invoice data to electronic, enabling automated matching and auditing. This automation eliminates time-consuming manual processes throughout the purchase to pay cycle and ensures consistent expense tracking and the accuracy of every invoice before it is paid. Costs are further reduced because suppliers can "self-serve" through the portal, freeing up A/P resources.
- Increase Financial Control - Enables better management of payment terms and discounts due to increased transparency and automation. Any exceptions identified can be resolved collaboratively online with your trading partners.
- Optimize Working Capital - Improves working capital management and reduces risk in the supply chain. By leveraging payment terms and U.S. Bank EIPP financing options buyers can extend days payable outstanding and sellers can accelerate payment to reduce days sales outstanding – a win-win for both payables and receivables parties.
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| Learn more about our solutions for doing business globally.
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For more information on these services, please contact us. |
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U.S. Bank is not a tax advisor. When it is appropriate, you are encouraged to seek professional tax advice.
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Notice: Foreign-denominated funds are subject to foreign currency exchange risk. Customers are not protected against foreign currency exchange rate fluctuations by FDIC insurance, or any other insurance or guaranty program. Deposit accounts with non-U.S. financial institutions offered through U.S. Bank are not deposits of U.S. Bank and are not insured by the FDIC.
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