Product Sheets 2 Cb


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B2B Product sheets for Commonwealth Bank

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Product Sheets 2 Cb

  1. 1. Employee Payroll Services KEY BENEFITSTake the hassle out of payroll • Simplify payroll processingC ommonwealth Bank, togetherwith our payroll processor, can help Electronic Time Clocks Eliminate manual time clock cards. • Improve accuracy Employees can log their time elec- in reportingyour business run more smoothly,provide you with concise manage- tronically, saving you lots of time inment reports and protect you from manual collection of time cards and • Reduce risk andpayroll tax penalties with our in calculating hours worked. Stop liabilitiesEmployee Payroll Services (EPS). employee time theft and trackOur Business Bankers will help vacation and sick time more quickly • Save valuable timeyou get started with our electronic and accurately.payroll services. • Provide an additional Tax-filingEmployee Payroll Our processing partner prepares employee benefitNow professionally prepared pay- and submits all payroll relatedchecks, statements and W2s can be returns and reconciliation reports as • Maintain securitydelivered to you, signed and sealed. required by federal, state and local and safetySecurity and confidentiality are tax agencies. This means youralways maintained. company will avoid costly penalties. Well also handle quarterly and year-end taxes, which provides your business with timely and accurate reporting. Payroll Services Fighting unemployment claims, developing employee 401(k) and IRA plans and handling criminal background checks on applicants are just a few of the additional services offered. Talk with your Business Banker about your companys specific needs. Commonwealth Bank & Trust Company Real people. Real service. Real business. MEMBER FDIC / EQUAL OPPORTUNITY LENDER
  2. 2. Merchant Credit Card Processing KEY BENEFITSIncrease your company’s profitability • Increase profitsC ommonwealth Bank, combinedwith our merchant processor, can Credit Card Processing With Merchant Credit Card • Maximize sales opportunitiesprovide processing for all major Processing, your business will becredit cards. We offer excellent able to accept major credit cards • Improve cash flowend-user training and ongoing including VISA®, MasterCard,support for businesses of all sizes. American Express, Discover, Diners Club and Carte Blanche. The ability • Immediate access toMerchant Credit Card Processing is to accept credit cards immediately your payment activitythe state-of-the-art way to conduct increases your bottom-line profitsbusiness for retail stores, restaurants, since customers typically spend • Improved sales staffhome-based businesses and profes- 20% to 50% more with plastic. knowledge throughsional services. To get started, youwill need a Commonwealth Bank Merchant Reporting personal trainingBusiness Checking Account. Next Merchants have the ability to viewtalk with your Business Banker daily deposit activity reports online.about our merchant credit cardcapabilities. Check Verification and Guarantee Check services include timely claims reimbursement, support for all major point-of-sale terminals, and stop- payment fraud coverage. Gift & Loyalty Card Programs Gift & Loyalty Card Programs are excellent on-going marketing tools to help merchants build brand awareness, increase store traffic and maximize profits. Your cash flow will be improved by collecting payments prior to delivery of product or service. Ask us whats new in this area. From equipment sales to technical support, our Business Bankers help merchants with all of their credit card processing needs. Commonwealth Bank & Trust Company Real people. Real service. Real business. MEMBER FDIC / EQUAL OPPORTUNITY LENDER
  3. 3. Corporate Leasing KEY BENEFITSHold on to your corporate cash • Maximize cash flowI n todays competitive businessenvironment, more companies than Payment plans for leased equipment are attractive and flexible. The • Improve profits • Lower taxesever before are leasing some or all professionals at Commonwealthof their operating equipment. Bank together with our leasing • Enjoy a flexibleEquipment Leasing can be a partner, will establish a payment payment planvaluable asset for your business. plan that is tailored to match yourIn fact, equipment leasing can set companys revenue generation andthe stage for your business growth: the seasonality of your business.allowing your business to keep cash Payments are typically tax-deductible,available for income-producing lowering corporate taxes. Leasedinvestments and provide growth equipment is generally paid for withand expansion opportunities while pre-tax dollars, not after-tax profit.enhancing your bottom-line. Leased equipment is not shown as part of your companys liabilitiesLeasing can be the most practical unless the lease itself is capitalized.option for all kinds of businesses,from restaurants to construction and Consider leasing for all kinds offarmers to physicians practices. business equipment: ComputerEquipment leasing can be an systems, telephone systems, medicalexcellent choice for a variety of and dental equipment, farmingbusinesses. equipment, industrial equipment and more. Chances are if you can imagine it, you can lease it. Put the strength of our experienced Business Bankers to work for your business. Commonwealth Bank & Trust Company Real people. Real service. Real business. MEMBER FDIC / EQUAL OPPORTUNITY LENDER
  4. 4. Automated Clearing House (ACH) KEY BENEFITS& Electronic Check Conversion • Maximize profitsTake financial control to a whole new level • Enhance cash flowA utomated Clearing House(ACH) is a nationwide network for Direct Deposit With Direct Deposit, you write • Reduce costsdistributing electronic transactions. fewer checks, have fewer checks • Improve securityWith ACH, you can move money, to sign and fewer cancelled checkspay employees or collect bill to store. You’ll also enjoy easier • Reduce riskpayments electronically. All you account reconciliation.need is a Commonwealth Bank • Minimize manualBusiness Checking Account and Employees will be able to access depositsACH capabilities. their earned funds more quickly and easily. With Direct Deposit • Save timeWhen you become an ACH origin- your employees can eliminate tripsator, you reduce costs for processing to the bank to cash checks. Directpaychecks, invoices, collections Deposit is more than convenient.and wire transfers – all with a few It’s a secure and confidential benefitkeystrokes. The result is greater you can offer employees.improvement in payment efficiencyfor your business as well as quick Direct Debitand convenient collection of Direct Debit is the most innovativeincoming funds. method available today for your customers to pay you. With Direct Debit, you print and mail fewer hardcopies of invoices. You have greater control over when the cash you are collecting enters your account. You no longer have to wait for mailed payments to arrive and then be processed. (continued on back) Commonwealth Bank & Trust Company Real people. Real service. Real business. MEMBER FDIC / EQUAL OPPORTUNITY LENDER
  5. 5. Automated Clearing House (ACH)& Electronic Check Conversion(continued)Point of Purchase (POP) Entries and verifies their account informa-As a Point of Purchase originator, tion against a set of databases toyour business can electronically ensure the check-writer does notconvert and transmit consumer have unresolved returned checks.checks seamlessly – making fundsavailable to you within one business The merchant or company selects itsday. The benefit of converting checks own risk parameters, so it ultimatelyat the point of purchase is to has the power to decide whether oraccelerate access to funds and reduce not to accept a particular check.time spent making bank deposits. The check guarantor accepts the risk of loss. Your business is fundedPOP originators are able to initiate for the full amount of the checka one-time debit entry for customer within five days of any qualifyingpurchases made with a check at the returned check.point of purchase. For a POP entry,the consumer’s check is scanned to Account Receivable Check (ARC)obtain bank information and the With Accounts Receivable Checkpurchase amount is entered into (ARC), consumer check paymentsthe point of purchase system. The are scanned to obtain bank informa-customer signs a receipt authorizing tion. The data is captured to createthe conversion of the check to an electronic transactions and settledelectronic transaction. The check via the Automated Clearing then returned to the customer as The original check is destroyed.a receipt. Contact a Business Banker todayCheck Verification & Guarantee to learn more about these newA check verification service stops technologies.bad checks before they enter thesystem. For a Point of Purchase(POP) transaction, the verificationand guarantee service identifiescustomers by their driver’s license Commonwealth Bank & Trust Company Real people. Real service. Real business. MEMBER FDIC / EQUAL OPPORTUNITY LENDER