Cash Management
We're right here for your business needs
We empower businesses with tailored financial solutions to suit every need. With our customized solutions, we ensure that your business operates seamlessly, efficiently, and securely in the realm of finance.
BizNow Cash Management
Welcome to the new era of online business banking with CNB Bank's business banking platform, CNB BizNow. We're thrilled to introduce you to a comprehensive suite of advanced capabilities, revolutionizing the way you manage your finances. Within CNB BizNow, you can have access to the following:
1. Fraud Mitigation Solutions for paper check and ACH debit activity
Payee Positive Pay (Paper Checks): With Payee Positive Pay, the company issues checks in a file format or manual entry, including the check number, account number, amount, and payee name and submits the list of checks in BizNow. CNB will verify the checks presented for payment against this list. If a check is presented that does not match the details provided, or if the payee’s name is altered, CNB alerts the company and awaits instructions on whether to pay or reject the check. This additional layer of verifying the payee’s name makes it a more secure form of fraud prevention. checks presented They review this list and confirm whether each check is legitimate or not. Any unauthorized checks are flagged, returned, and CNB Bank does not pay them.
Benefits of Payee Positive Pay:
-
Fraud Prevention: It significantly reduces the risk of check fraud by verifying the payee’s name against the list provided by the issuer.
-
Enhanced Security: By including the payee’s name in the verification process, it adds an extra layer of security.
-
Improved Accuracy: It improves the accuracy of deposit balancing and reduces disbursement risks.
-
Simplified Processes: Payee Positive Pay simplifies accounts payable and payroll processes for businesses.
-
Better Audit Control: The service enhances audit control, providing a clear and auditable trail of checks issued and cleared.
Reverse Positive Pay (Paper Checks): With Reverse Positive Pay, instead of providing a list of authorized checks to CNB, the company receives a list of checks presented for payment daily in BizNow online banking. They review this list and confirms whether each check is legitimate or not. Any unauthorized checks are flagged, returned, and CNB Bank does not pay them.
Benefits of Reverse Positive Pay:
-
Fraud Prevention: Reverse positive pay helps prevent fraudulent checks from being paid by allowing the account holder to verify each transaction.
-
Reduced Risk: By catching potential fraud early, businesses can avoid financial losses.
-
Customization: Account holders have more control over which checks are paid.
ACH Positive Pay (ACH Electronic Transactions): A solution to prevent unauthorized Automated Clearing House (ACH) electronic transactions from being processed. Any unauthorized ACH transactions are flagged, returned, and CNB Bank does not pay them.
Benefits of ACH Positive Pay:
-
Fraud Prevention: Unauthorized ACH transactions can be costly for businesses. ACH Positive Pay helps prevent fraudulent transactions. ACH Positive Pay helps prevent fraudulent transactions.
-
Customization: Businesses can specify which ACH transactions are allowed.
-
Reduced Risk: By catching unauthorized ACH transactions early, businesses can avoid financial losses.
2. Real-Time Balances and Transactions Tracking:
-
View your account balances and monitor pending transactions in real time.
-
Access up to 12 months of transaction history online.
-
Retrieve electronic statements for the past 18 months.
-
Opt for paperless statements to receive them electronically.
3. Check and Deposit Slip Images:
4. Account Alerts:
-
Set up automatic alerts for account activity.
-
Receive notifications via email or text message.
-
Stay informed about account changes, low balances, and other important events.
5. Integration with Accounting Software:
-
Sync transactions automatically with Quickbooks Online options.
-
Download transactions to Quickbooks Desktop.
-
Manage accounts for multiple businesses using a single User ID.
6. Payments and Transfers:
-
Set up one-time ore recurring payments with CNB Billpay.
-
Set up payments for Vendors and Federal Tax Payments via ACH.
-
Schedule and submit domestic wire transfers.
-
Place Stop Payments.
-
Manage payroll online.
-
Transfer funds between CNB Bank accounts or to other financial institutions.
7. Remote Check Deposit:
8. Consolidated Access:
CONTACT US FOR MORE INFORMATION
Support
Need help with Cash Management? Click on the button below for Cash Management support.
CASH MANAGEMENT SUPPORT
Merchant Services
CNB Bank offers card payment solutions for small to medium sized businesses through our partner, Elite Card Processing.
Elite Card Processing LLC was founded on the principles of providing exceptional service at a great rate. Through our on-going partnership with Elite, we'll be able to help your business for years to come.
- Credit card processing
- Check verification and guarantee services
- Online Solutions
- Customized loyalty and gift card programs
- Wireless processing
- Retail point-of-sale equipment
- Mobile processing
Citadel
The CNB Citadel Marketplace program offers you a unique opportunity to enjoy the safety of millions of dollars in FDIC insurance, potential to earn interest regardless of account type, and consolidate multiple bank relationships into a single, comprehensive cash management account. Whether you are seeking to insure your cash for your family, your business, or public funds, no other account offers you more flexibility than this program. Click below for more details and contact your banker to set up an appointment.
CITADEL FLIPBOOK
Customized Solutions.
We'll develop the right combination of products and services to help your business work for you.
You are not alone.
For over 85 years, we have been your financial partner and have been committed to providing customized solutions for businesses.
LET'S FIND A SOLUTION TOGETHER
*Cash Management Solutions are subject to approval.