Treasury and Cash Management Services for Your Business
P1FCU Treasury and Cash Management services can help businesses collect funds, make payments, protect accounts, and manage operating balances more efficiently. Explore receivables, payables, fraud-prevention, and liquidity solutions, then work with the P1FCU Cash Management Team to build the services that fit your business.
- Receivables management
- ACH and wire payments
- Remote Deposit Capture
- Positive Pay
- Sweep services
- Business account integration
- Dedicated Cash Management Specialists
Explore P1FCU Treasury Management Solutions
Treasury Management brings together the tools a business uses to collect money, make payments, monitor account activity, manage cash balances, and reduce financial risk. P1FCU organizes these services through its Cash Management offering.
| Collect Funds | Make Payments | Reduce Payment Fraud Risk | Manage Liquidity |
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For businesses looking to receive and deposit payments more efficiently.
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For businesses managing employees, vendors, suppliers, taxes, and transfers.
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For businesses that want additional control over checks and ACH transactions.
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For businesses that need to move excess cash, cover account balances, or manage a line of credit.
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Manage Business Receivables
P1FCU Receivables Solutions can help businesses collect and deposit funds without relying entirely on in-branch processes. Depending on the service selected, businesses can accept electronic payments, deposit checks remotely, and improve visibility into incoming funds.
Remote Deposit Capture
Deposit checks 24/7 at your convenience. Our Remote Deposit Capture service allows you to deposit checks into your business accounts using your computer and a check scanner, or deposit checks on the go from anywhere using our mobile app. You’ll save time and money by eliminating the need to visit a branch to make deposits, accelerate your cash flow, have access to deposit history reporting, and have increased convenience and flexibility.
Merchant Services
Let your customers pay the way they want to. Fewer people are carrying cash these days. Businesses need to find cost-effective ways to process card, debit card, and electronic payments. At P1FCU, our Merchant Services Team can introduce you to a wide range of point-of-sale solutions that can help reduce costs, increase sales, and build customer satisfaction.
Manage Business Payments and Payables
Use P1FCU's business payment services to help manage recurring electronic payments, vendor payments, tax payments, payroll-related transfers, and other approved business transactions.
ACH Origination
Online ACH origination streamlines your business finances by enabling secure, automated, and low-cost electronic payments directly through our business online banking portal, replacing manual check processing to boost efficiency, improve cash flow, and enhance security.
Online Wire Transfers
Eliminate time-consuming branch visits and manual paperwork by initiating secure domestic and international wire transfers directly through our commercial online banking portal.
Business Credit Card
Our Business Premier Rewards Mastercard offers a range of benefits to help you manage your business finances. With flexible payment options and customizable spending limits, our credit cards are designed to meet the needs of your business. You can use them to make purchases, pay bills, and manage expenses all in one place, and track your spending with our online account management tools. Apply for a Business Premier Rewards Mastercard today to take control of your business’s financial management.
Help Protect Your Business From Fraud
P1FCU's Fraud Mitigation Services can give businesses additional control over checks and ACH activity by comparing transactions against authorized information and flagging exceptions for review.
Enhanced Positive Pay
Protect your accounts from unauthorized debits. Our Enhanced Positive Pay service is a fraud prevention tool that helps protect your business accounts from unauthorized checks and electronic debits. With this service, you transmit a list of issued checks to us for verification as we process them for payment. Any suspicious or unrecognized checks are flagged for further review. You’ll also have the opportunity to examine all electronic debits and credits to ensure only approved transactions are processed. You’ll have increased peace of mind knowing that suspect transactions can be stopped before the funds have left your account.
Protect your accounts from unauthorized debits. Our Enhanced Positive Pay service is a fraud prevention tool that helps protect your business accounts from unauthorized checks and electronic debits. With this service, you transmit a list of issued checks to us for verification as we process them for payment. Any suspicious or unrecognized checks are flagged for further review. You’ll also have the opportunity to examine all electronic debits and credits to ensure only approved transactions are processed. You’ll have increased peace of mind knowing that suspect transactions can be stopped before the funds have left your account.
ACH Block
Protect your business from fraudulent ACH Transactions. This proactive fraud protection tool prevents unauthorized electronic debits from being charged to your account, providing peace of mind that the account is protected against suspicious debits from vendors and fraudsters.
Protect your business from fraudulent ACH Transactions. This proactive fraud protection tool prevents unauthorized electronic debits from being charged to your account, providing peace of mind that the account is protected against suspicious debits from vendors and fraudsters.
Reverse Positive Pay
Fraud Protection, simplified. Need a cost-effective low-maintenance fraud protection tool? Reverse Positive Pay is the answer. This “hand-the-mail-to-you” approach allows businesses to review and approve or return daily check presentations without the need for upfront check file issuance, providing enhanced security against forged or altered checks.
Fraud Protection, simplified. Need a cost-effective low-maintenance fraud protection tool? Reverse Positive Pay is the answer. This “hand-the-mail-to-you” approach allows businesses to review and approve or return daily check presentations without the need for upfront check file issuance, providing enhanced security against forged or altered checks.
Manage Business Liquidity with Sweep Services and Zero Balance Accounts
P1FCU Sweep Services can automatically move funds between eligible accounts or a line of credit based on predetermined balance needs. This can help businesses manage operating balances without relying entirely on manual transfers. Use a sweep account to:
- Automatically transfer funds between accounts
- Pay down a line of credit
- Move excess funds into another eligible account
Connect Treasury Management with Your Business Checking Account
Treasury management services often work alongside the Business Checking Account used for daily operations. P1FCU's current Analyzed Checking option allows eligible businesses to earn account credits that can help offset certain Cash Management service charges. You can use this credit for services like:
- ACH Origination
- Remote Deposit Capture
- Online Wires
- Positive Pay
- Sweep/ZBA Functionality
The appropriate P1FCU Checking Account and Treasury Services depend on transaction volume, balance levels, payment activity, and operational needs.
Treasury Management Fees and Service Access
Some treasury management services through P1FCU Cash Management have monthly, transaction, equipment, or per-item fees. Review the current Business Fee Schedule and work with the Cash Management Team to understand which charges apply to your selected services.
Work with P1FCU's Cash Management Team
Treasury Management is not one-size-fits-all. P1FCU's Cash Management Team can help businesses evaluate collection, payment, fraud-control, liquidity, and account-management needs and identify the combination of services that fits their operation.
How to Get Started with P1FCU Cash Management
Connect with the Cash Management Team and they can help you
Identify your operational needs.
Do you need help with collecting funds, making payments, protecting accounts, managing liquidity, or a combination?
Review your current business accounts and transaction activity.
Consider payment volume, check deposits, ACH activity, wires, cash balances, and fraud-control needs.
Review service requirements and fees.
Confirm account eligibility, implementation needs, equipment, digital access, transaction costs, and applicable agreements.
Set up approved services.
Complete enrollment and implementation for the selected treasury-management tools.
Review the services as your business changes.
Reassess payment volume, liquidity, fraud controls, and account structure as needs evolve.
What is treasury management?
Treasury management refers to the tools and processes businesses use to manage cash flow with incoming funds, outgoing payments, cash balances, liquidity, and reduce financial risk. P1FCU currently provides these capabilities through its Cash Management services.
What Cash Management services does P1FCU offer?
P1FCU currently promotes receivables solutions, payables solutions, fraud mitigation services, and sweep services. Supporting services include Remote Deposit Capture, Merchant Services, ACH Origination, Online Wires, Check Positive Pay, and ACH Positive Pay.
Does P1FCU offer Remote Deposit Capture for businesses?
Yes. P1FCU currently offers Remote Deposit Capture, allowing eligible businesses to scan and submit checks electronically.
Can my business originate ACH payments through P1FCU?
Yes. P1FCU currently offers ACH Origination.
Does P1FCU offer business wire transfers?
Yes. P1FCU currently offers Online Wire Transfers through its business payment services.
What is Positive Pay?
Positive Pay is a fraud mitigation service that compares payment activity against authorized information and can flag exceptions for review. P1FCU currently offers Check Positive Pay and ACH Positive Pay.