TAMPA, Fla.— Suncoast Credit Union said it has begun offering its treasury management services.
Suncoast said the suite of offerings includes automated clearing house, remote deposit capture, and fraud prevention tools. The $18.2-billion credit union has partnered with Tru Treasury on the new program.
“Commercial business members will be able to maximize efficiency and control for payment processes, simplify billing to receive payments faster, improve cash flow, eliminate paper checks, and utilize enhanced fraud protection tools,” Suncoast stated.
It added the partnership underscores its “dedication” to providing innovative, personalized solutions that empower business members to “thrive and remain competitive in today’s dynamic business environment.”
‘Optimize Operations’
“Our suite of commercial treasury management products provide the insight, technology and flexibility commercial businesses need to maximize their resources and optimize operations,” Dominic DiMaio, VP-commercial services, said in a statement. “These sophisticated products help businesses achieve their goals with the support of experienced teams that are dedicated to helping navigate the business landscape – all at a lower cost structure than banks.”
The Offerings
In addition to existing products and services, Suncoast said commercial members can access a robust suite of financial services including:
- ACH Origination: Allowing business members to initiate ACH credits (payroll transfers) and ACH debits (withdrawal requests) directly from their accounts.
- Remote Deposit Capture (RDC): Simplifying the process of depositing funds, RDC will simplify the processes associated with checking handling.
- Wire Transfer Services: Allowing business members to efficiently initiate wire transfers, facilitating timely fund transfers.
- Positive Pay: Helps prevent, recognize, and report scams and fraud related to check payments.
- ACH Collection: Accelerates consumer and business recurring receivables through pre-authorized payment.
- Payroll Services: Optimize payroll operations with accurate and timely payments.
- Merchant Services: Enhance business operations in person, online, or on the move by accepting payments for credit cards, debit cards, and mobile wallets with versatile card readers.
- Commercial Deposit and Sweeps Products: Centralized and simplified cash management with best-in-class competitive rates without the big bank fees, helping businesses optimize earnings and maintain the availability of funds, while minimizing the time and effort to manage them.
Positioned ‘Competitively’
“By adding treasury services into our current business portfolio of products and services, Suncoast has positioned itself competitively among other commercial financial institutions” said President and CEO Kevin Johnson. "This exciting suite of forward-looking solutions will help drive growth for our business members and, in doing so, positively impact the communities we serve.”
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