Western Bank’s Post

Choosing the right banking partner comes down to these five key factors. (Sponsored Content by Valley Commercial Banking )

the easiest way of online banking

Discover how issuing banks extend credit and the impact of interchange rates on merchants! Learn about the intricate relationship between banks, credit, and transaction fees in our latest blog. Dive into the details here:  https://lnkd.in/gguakbYH #CreditCards #Finance #Banking #MerchantServices #FinTech #CreditRisk #CardIssuers #PaymentProcessing #MerchantFees #BankingInnovation #FinancialEcosystem

In banking of businesses, the competition for all businesses is fierce. This is mainly because of banks business strategies that seek depositors with high monthly average balances. Why? Because deposits are the lowest cost of funds for the lending side of banking businesses. Product professionals in the banks' treasury management groups are key to developing products that compete effectively and win/retain business depositors. Here's a report on a mega bank doing its part to compete for deposits. "The Charlotte, North Carolina-based bank said it rolled out a new capability this summer that enables treasurers and other finance professionals to launch an inquiry into the status of a transaction within the platform. It is part of an ongoing BofA effort to enhance its digital banking offerings to ensure businesses can largely manage and monitor their accounts online without always needing to pick up the phone or email for additional help." "Previously, BofA business clients could initiate an investigation to get more information about a transaction, but they wouldn’t necessarily know who was working on the issue and what its status was, Abbey Novack, CashPro product executive at BofA, said in an interview. “We’re really trying to mitigate informational black holes and give the client information before they even think, ‘You know what? I need to go and send an email now.’”   The improvement is a time-saver for both the bank and its customers because transaction-related inquiries are one of the main reasons clients continue to call and email the bank, she said. That may be partly because, once a company initiates a payment, a host of issues can crop up. For example, a company may send the payment from the wrong account or it may need to validate the status or details of the payment. At other times, companies need to resolve why the bank that was sent the funds is claiming nonreceipt. " #digitalbanking #treasurymanagementinnovation #competitiveadvantage

WSFS Bank outlines key strategies for small businesses to streamline payments and protect their operations by adopting modern payment methods.

🎉 Exciting News for Merchants! Boost your business with seamless payments! 🚀 Introducing our Merchant Payments Service - your all-in-one solution for hassle-free transactions. Whether you're a small business or a large enterprise, we've got you covered! #agentbanking #banking #lifesimplified #payments

I thought OM had already tried the Bank option. I mean my daughter and I supported with those Old Mutual Bank Windhoek issued 💳 we held on to them until it was like no more. Now what… ? I am personally not in-love with Old Mutual practices, for such a huge insurance company, it’s conduct of business is very 1980s =primitive. I mean to cancel a policy you don’t get your money 💰 ever. I had a Savings policy and when I cancelled it they refused to pay my dues, todate. They also didn’t introduce online services until recently and the fact that all is still steered from SA makes my blood 🩸 boil. We are more than a “branch-of-people” to these companies. At that stage, I maintained an SA account number and they wouldn’t pay into that account. The irony was that the money was transacted from their South African base. I mean, what the hell…🧐it’s been 5 years, if not more and I wonder if my money has earned any interest 📈 Maybe, I should go to NamFisa and lay a complaint, against Old Mutual. I might not be the only one. I will never put my money in Old Mutual ever., Bank or No Bank 🏦 if they can’t even operate transparently, smoothly in their core business. #oldmutual #insurance #namfisa #financialservices #bankofnamibia #interest #bank #regulation

WSFS Bank offers insights on optimizing payment processes for small businesses, highlighting efficient and secure alternatives to traditional checks.

Our Business Banking team takes the spotlight in a special feature in Insider magazine, showcasing our services and innovative products tailored for businesses. Read more. 👇 #AncoriaBank #BankingRedefined #BusinessBanking

Watch our new video to learn how online banking helps busy entrepreneurs save time with features like bill pay and mobile check deposit. View the video here: https://lnkd.in/enGPMUr5