FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Commercial Payment Solutions
Cash Management Solutions for your Business
Commercial payments are more complex than ever before. Which is why having a team of experts—a group that has solved similar problems before— can help eliminate pain points and transform your cash management into a bottom-line enhancing machine. For all the services and technology you expect, plus all the insight that goes above and beyond, we’re ready to build a relationship that creates value for you.
Treasury Management
- Accounts Payable
- Accounts Receivable
- Fraud Protection
- Liquidity Management
- Information Reporting
- Lockbox
- Terms and Agreements
Accounts Payable
Accounts payable plays a central role in business operations and has a direct impact on cash flow management, fraud prevention, and vendor relationships across your company. The right payment solution could mean more time spent working on the next big initiative, instead of time-consuming manual processes.
- Wire Transfers: Transfer funds electronically to domestic and international vendors
- ACH Payables: Pay employees and vendors electronically.
- International Payables: Foreign check processing and document collection.
- Foreign Transactions: Facilitate single or multiple payments abroad to a multitude of countries. As a participant of SWIFT, we’re part of a premier international banking network with expertise across all continents.
- International Wires: Send wires to other countries.
- Foreign Exchange: Facilitate any standard spot and forward contract transactions. Gain speed and accuracy on your FX transactions in more than 90 currencies across more than 170 countries by leveraging our FX solutions.
- Payables Automation: Let signing stacks of checks and tracking down payments be a thing of the past by automating your payments. Gain efficiency and security by removing manual check writing and automating electronic and check payments.
- Commercial Card: Customized card solutions to support your payment needs.
Learn more about how to make your payables more efficient.
Accounts Receivable
Collect payments more efficiently in a variety of ways so you can get paid faster with less fraud. At FNBO, we offer a variety of accounts receivable solutions that allow you to focus on your business and not your receivables.
- Lockbox: We collect payments on your behalf and have them deposited directly into your account
- Remote Deposit Capture: Deposit checks to your account wherever you are using our mobile app or a desktop scanner.
- ACH Receivables: Receive payments electronically and reduce expenses.
- Merchant Services: Accept credit card payments in-person or online. Powered by Clover, our Point of Sale (POS) and ecommerce solutions offer payment capture devices to suit a wide range of customer needs, and they integrate with your existing bookkeeping products such as QuickBooks or Xero.
Learn more about how strategic banking solutions can streamline your AR
Fraud Protection
Defend your business against ongoing treats with FNBO fraud protection tools. At FNBO, we take your financial protection seriously and strive to bring you the knowledge, the services and the solutions needed to secure your company assets.
- Check positive pay: A list of written checks is submitted daily to financial institutions that match each presented check against provided information (checking number, account number, issue date, dollar amount). Checks that don’t match are declined.
- ACH positive pay: An authorized list of trading partners and associated transactions is used to match ACH requests before the transaction is authorized. You’re notified of declined, unmatched requests.
- Reverse Positive Pay: Review all checks that have been presented to your account for payment before payment is sent, allowing your business to detect and stop fraudulent, altered or counterfeit checks from posting to your account.
- Check Block: Restrict all payment activity to electronic activity. By limiting paper checks and restricting your business to only digital transactions, you’ll reduce the risks associated with dealing in paper.
- Dual control: All financial transactions require the approval of two business stakeholders before they are released by FNBO.
- Multifactor Authentication: Requiring additional forms of ID at login reduces the risk of fraud should one form of ID become compromised, there is an added layer of protection.
Liquidity Management
Maximize Your Bottom Line.
You work hard to ensure that your business is generating a positive cash flow. Why not maximize your excess cash so that it continues to build your company’s bottom line?
We offer a full range of solutions that can help you take control over your account balances and boost your earnings. Stay on top of your short-term balances and reward yourself with competitive rates and enhanced investment opportunities.
- Sweeps and Insured Cash
- Money Market Accounts
- Certificates of Deposit
- Capital Markets
- Controlled Disbursements
- Payable Through Drafts
Learn more about Smart Liquidity Management
Information Reporting
We provide access to daily payment data, empowering you to make informed decisions about your financial activities and cash flows.
Generate standard, custom, and specialized reports that detail account activity, sent payments, and received payments. Additionally, users can access comprehensive account and transaction data to create customizable reports that can be exported in multiple formats.
Lockbox
Our Lockbox services accelerate the collection and processing of customer payments, including checks and cash, reducing manual handling and improving operational efficiency.
Retail Lockbox
Our Retail Lockbox service is ideal for businesses that process a high volume of consumer payments with standardized remittance documents. Perfect for utilities, healthcare providers, and other consumer-facing industries, Retail Lockbox ensures fast, accurate processing and timely deposit of checks. With advanced image capture and data reporting, you’ll gain full visibility into your receivables and enjoy seamless integration with your internal accounting systems.
Wholesale Lockbox
FNBO’s Wholesale Lockbox is tailored for companies receiving lower volumes of high-dollar payments, typically from other businesses. With customizable remittance processing and detailed data capture, our Wholesale Lockbox service is ideal for B2B transactions that often involve non-standardized remittance formats. We provide flexible image and data delivery options, ensuring your accounts receivable team has the information they need to reconcile payments quickly and efficiently.
Why Choose FNBO Lockbox Services?
- Faster payment processing and improved cash flow
- Secure handling of all customer payments
- Reduced internal workload and operational costs
- Scalable solutions for businesses of all sizes
- Reliable support from a trusted banking partner
- Ideal central US location
Contact a Commercial Payments Expert
Commercial Payment Insights from FNBO
Frequently Asked Questions
Commercial payments refer to financial transactions made by businesses to pay for goods, services, or other obligations. These payments typically involve larger sums and more complex processing compared to consumer payments. Banks offer various commercial payment solutions to facilitate these transactions, including:
- Wire Transfers – Fast, secure electronic payments between businesses, often used for high-value transactions.
- Automated Clearing House (ACH) Payments – Electronic payments for payroll, vendor payments, or recurring bills.
- Checks – Traditional paper-based payments, though still used by some businesses.
- Commercial Credit Cards – Business credit cards used for expenses, vendor payments, and travel.
- Electronic Funds Transfers (EFTs) – Digital transfers between bank accounts.
- Lockbox Services – A bank service where customer payments are collected and processed for a business.
- Treasury and Cash Management Services – Advanced solutions for managing large-scale payments, liquidity, and financial operations.
These payment methods help businesses manage cash flow, settle accounts with suppliers, and streamline financial operations efficiently.
Serving our customers is at the heart of everything we do. If you are an existing FNBO customer, you can contact your Relationship Manager or Payment Advisor at any time to discuss your payment needs. If you are new to FNBO, it’s nice to meet you! You can fill out this simple form and we will put you in contact with an expert near you.
Businesses initiate payments through their bank or payment provider using methods like ACH, wire transfers, or credit card transactions. The payment is processed electronically, ensuring secure and timely fund transfers.
Using a commercial payments solution offers faster transactions, enhanced security and fraud protection, better cash flow management, reduced processing costs, automated reconciliation and reporting
To ensure security, use a trusted bank or payment provider with multi-factor authentication (MFA), encryption, and fraud monitoring. Avoid sending payments via unsecured methods like email.
Wire transfers: Same day or within 24 hours, ACH payments: 1-3 business days, Credit card payments: Instant to a few days, depending on the processor.
Yes! Businesses can use automated payment platforms to schedule and manage recurring payments, payroll, and supplier invoices, reducing manual work.
ACH payments: Lower cost, takes 1-3 days, best for bulk or recurring payments.
Wire transfers: Faster (same-day), higher fees, used for large or urgent transactions.