SAN JOSE, Calif.–Technology Credit Union has announced an expansion of a commercial banking relationship with Keep IT Simple, which provides services to other companies in solving complex IT challenges.
According to Tech CU, Keep IT Simple is now using its full commercial cash management suite, including:
* Business Online Banking: A fast and convenient way for companies to securely manage their business accounts anywhere, anytime, and all in one place.
* Business Mobile Deposit: A secure solution that allows companies to deposit checks 24/7 without leaving their office.
* Account Analysis: This program combines all the deposit accounts of a business into a single-family relationship – allowing a business to take advantage of all of the balances in their accounts to offset some or all of the ongoing service charges that may be incurred.
Fraud Solutions
It is also using fraud prevention solutions that include:
* Positive Pay Fraud Prevention. “This feature helps ensure that the checks a business has issued have not been altered and are being redeemed for the correct amount.”
* ACH blocks and filters. “In the current financial world, electronic funds transfers are commonplace, and businesses frequently originate and receive ACH transactions. Tech CU offers the ability to allow only certain pre-authorized ACH transactions to post to business member accounts.
“We are thrilled to be able to expand our relationship with Keep IT Simple,” said Steve Sherwood, VP-cash management services at Tech CU. “We have worked hard to develop commercial banking products and services that we believe our Tech CU members will find valuable in supporting their business. Our services are easy-to-use and are very competitively priced when compared to other financial institutions.”