Receivables Solutions
Managing your business’s receivables has never been easier.
Learn more about our receivables solutions to help your business run smoothly.
We provide our business members with a comprehensive range of receivables tools, tailored to optimize your collection process and help your business thrive. You’ll have access to funds faster, reduced days outstanding and improved cash flow, reduced fraud exposure, and provide a better experience for your customers.
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.
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 deposits 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.
ACH Collections
Reduce costs and improve cash flow predictability by using ACH collections for your receivables.
Eliminate waiting for the proverbial check that’s in the mail by moving to ACH collections. This allows you to automate recurring collections such as rent and membership dues. It can also be used to safely collect one-time payments from customers with the added benefit of having control over the timing of the collection. You’ll enjoy lower per transaction costs compared to traditional debit and credit card payments, and save time by eliminating the need to process and deposit checks, while avoiding the hassle of returned payments.
AutoBooks
Utilize our integrated financial and account platform built directly into our online banking platform.
Designed for small businesses, freelancers, and non-profits, AutoBooks eliminates the need to juggle multiple third-party apps by consolidating invoicing, payment acceptance, and cash flow tracking inside your existing online banking platform. You’ll be able to create custom, professional looking invoices and collect payments via credit card or electronic bank transfer (ACH) by sending a secure payment link sent to your clients. Because it operates directly inside our online banking portal, you have a real-time view of your true cash balance and seamless access to who has paid and which invoices are still outstanding. Because it’s fully integrated within your online banking portal, you’ll have a real-time view of your cash balance and clear visibility into which invoices are paid and which remain outstanding.