Smart cash management is necessary for any business to survive and prosper. That’s why First Mid offers a variety of tools and services that give you more control over your cash flow and can streamline your day-to-day cash needs. These services can help you collect customer payments faster and maintain control of payments to your suppliers and employees.
Direct Payment Origination
If your company or organization collects payments from individuals on a recurring basis, eliminate the monthly bills and start collecting the items electronically. By utilizing Direct Payment, your customers can reduce the time and costs of paying bills.
Typical Users of Direct Payment
- Utility companies
- Insurance offices
- Rental agencies
- Mobile home parks
- Health and exercise clubs
- Alumni associations
- Assured of having collected funds on predetermined dates
- Improved cash flow
- Reduces delinquencies and late payments
- Decreases second billings
- Retains customers
- Bills are paid on time without late charges
- Reduced time and expense paying bills
- Advanced knowledge of cash flow
Remote Deposit is a revolutionary check processing system that allows you to make your check deposits electronically without leaving your office. (Learn more)
With a central address for payments by mail, we can accept, deposit and record checks for the fastest possible handling.
Collect on bad checks fast with electronic payments direct from the authorizing bank.