Receivables Management

Lockboxes

Instead of sending checks to you, your customers send them to a designated P.O. box. We collect payments from the United States Post Office and process them quickly – so you can access your funds faster.

• Track customer payments more efficiently.
• View payment images online using our secure portal.
• Upload payment data daily – including images, invoice numbers, client numbers and discount amounts – automatically into your A/R system.
• Receive accurate, timely and flexible reports on deposits received, including exceptions and manual items flagged for your attention.

Merchant Services

Whether you do business in a store, online or on the road, having the flexibility to accept purchases — the way your customers want to pay — is key. ConnectOne Bank’s merchant services offer a broad range of card-based and alternative payments methods.

• Accept credit/debit cards through point of sales terminals, mobile phone card readers or through online website.
• Card transactions are processed efficiently so payments show up in your business account quickly.

Mobile Deposit Capture*

Bring the sophistication of desktop capabilities to your smartphone. Deposit checks on your iPhone or Android via the ConnectOne mobile app. Save a trip to the branch and deposit checks on your schedule.

• All mobile deposits made by 5PM on a business day will be available the following business day

ACH Origination

Our Automated Clearing House (ACH) solution offers a faster, cost-effective and reliable alternative. ACH allows you to conduct electronic transactions with any individual or business that has a qualified checking or savings account.

• Single or batch debits to collect funds within the U.S.
• Perfect for such uses as monthly dues, premiums due, rent payments or cash concentration transactions from other banks.

EDI Reporting

If your business frequently receives ACH payments and you are looking for an easier way to reconcile those payments, consider ConnectOne Bank’s EDI reporting.

• ACH payment details provided
• Faster reconciliation