Cash Management Solutions
At LNB, we offer you personalized service and a suite of cash management service products designed to help your banking operations run smarter and more streamlined. And, as your needs change and grow, we are with you every step of the way to save your business time and money.
Here’s How We Can Help
LNB offers you solutions for cash management making it easier for you to do business with your customers. We also provide one-on-one training and support.
Remote Deposit Capture (RDC)
Say goodbye to long lines at the bank and waiting for checks to clear. With Remote Deposit Capture, you can deposit checks on your schedule, making managing your finances more convenient than ever before.
Convenience meets security, with LNB’s Remote Deposit Capture feature. Managing your finances has never been easier. With LNB’s check-scanning technologies, you can deposit checks anytime from the convenience of your own office, improve your cash flow, and reduce operational costs. Our advanced technology ensures that your deposits are processed quickly and securely, giving you peace of mind knowing that your funds are safely deposited into your account.
Plus, our platform offers strong security features to safeguard your sensitive information. We utilize encryption and authentication protocols to protect your data, ensuring that your transactions are safe and secure.
Experience the convenience and security of Remote Deposit Capture. Talk to one of our Cash Management Solutions experts and take control of your finances with ease.
ACH Payments and Receipts
LNB can empower you to manage your finances efficiently with Automated Clearing
House (ACH) Payments and Receipts. ACH transactions offer a secure, reliable, and cost-effective way to send and receive payments electronically, whether you’re paying bills, collecting funds, managing direct-deposit, or transferring funds between accounts.
With LNB’s ACH Payments and Receipts feature, you can:
- Streamline Payments: Say goodbye to writing checks and mailing payments. Our platform allows you to schedule one-time or recurring payments conveniently. Whether you’re paying bills, vendors, or employees, ACH payments enable you to transfer funds directly from your account to theirs, saving time and reducing paperwork.
- Receive Payments Faster: If you’re a business owner, ACH Receipts enable you to collect payments from customers and clients efficiently. Say goodbye to waiting for checks to arrive in the mail or for payments to clear.
- Enhance Security: Rest assured that your ACH transactions are conducted securely. Our platform employs advanced encryption and authentication protocols to protect your sensitive information and safeguard your funds against unauthorized access. ACH also reduces the risk of check fraud.
- Increase Efficiency: With ACH Payments and Receipts, you can streamline your financial workflows, reduce manual tasks, and minimize the risk of errors associated with traditional payment methods. Our user-friendly interface makes it easy to initiate and track transactions, providing you with greater control over your finances.
- Save Costs: ACH transactions are typically more cost-effective than other payment methods, such as wire transfers or paper checks. By leveraging our ACH Payments and Receipts feature, you can save on transaction fees and administrative costs, including postage, allowing you to maximize your financial resources.
Experience the convenience, reliability, and cost-effectiveness of ACH Payments and Receipts with LNB. Talk to one of our Cash Management Solutions experts and take control of your financial transactions with ease
Wire Transfers
Need to transfer funds to another business or financial institution? LNB can make it a seamless and secure experience. With our Wire Transfer service, you can send and receive money quickly, efficiently, and with peace of mind.
With our bank’s Wire Transfer service, you can enjoy:
- Speed: Say goodbye to waiting days for funds to reach their destination. Wire Transfers enable near-instantaneous transfers, ensuring that your money reaches its recipient Quickly.
- Security: We prioritize the security of your transactions. Our platform employs robust encryption and authentication measures to protect your sensitive information and safeguard your funds against unauthorized access.
- Global Reach: Whether you’re sending money across the country or around the world, our Wire Transfer service offers extensive coverage, allowing you to pay suppliers located outside the U.S.
- Transparency: Track the status of your transfers in real-time, receive notifications when your funds are sent and received, and access detailed transaction records for your peace of mind.
Experience the convenience and reliability of our bank’s Wire Transfer service today. Talk to one of our Cash Management Solutions experts and start transferring funds with confidence.
Positive Pay
At LNB we prioritize the security of your financial transactions with our advanced Positive Pay service. Positive Pay is a powerful fraud prevention tool designed to safeguard your business against check fraud and ACH debits by detecting and preventing unauthorized or altered checks from being processed.
Here’s how Positive Pay works and how it benefits you:
- Upload Check Issuance Data: As a business owner, you upload a list of checks you’ve issued, including details such as check number, date, and amount. This information is securely uploaded to our system.
- Check Verification: When a check is presented for payment at our bank, Positive Pay automatically compares the details of the presented check against the information you’ve provided. If there’s a match, the check is cleared for payment. However, if there are any discrepancies, such as a mismatch in the check number, amount, or payee name, the check is flagged for review.
- Exception Handling: In the event of a discrepancy, you’re promptly notified through our platform. You have the option to review the flagged item and decide whether to authorize or reject the payment. This puts you in control and helps prevent fraudulent checks from being processed.
- Enhanced Security: Positive Pay adds an extra layer of security to your business’s financial transactions, reducing the risk of financial losses due to check fraud. By detecting and preventing fraudulent checks before they are paid, you can protect your company’s finances and reputation.
- Peace of Mind: With Positive Pay, you can have peace of mind knowing that your business’s funds are protected against fraudulent activities. Our system continuously monitors and verifies check transactions, giving you confidence in the integrity of your financial operations.
Experience the peace of mind and security that Positive Pay offers. Talk to one of our Cash Management Solutions experts and safeguard your business against check fraud with confidence.
Lockbox Services
LNB’s Lockbox Services allows your receivables to be deposited into your business account faster than if you did it yourself, saving you valuable time and resources and stores all your receivables information in one convenient online location.
- We process receivables multiple times a day to turn your account receivables into accessible cash as quickly as possible.
- Your receivables are imaged as they are received via our high-speed optical character recognition (OCR) system.
- Remote lockbox feature allows clients to have a receivables lockbox as well as a self-service capture option that combines all transmissions into one deposit.
- You will have next-day online access to view your receivables, including checks, coupons and invoices.
Merchant Services
At LNB we offer comprehensive Merchant Services tailored to meet the diverse needs of businesses of all sizes through our partnership with Payment Processing Consultants, Inc.®, a locally-owned and operated merchant services company. Whether you’re a small local retailer or a large e-commerce enterprise, our Merchant Services are designed to streamline your payment processing and enhance your customer’s payment experience.
Here’s what you can expect from our Merchant Services:
- Payment Processing Solutions: Our Merchant Services provide you with a variety of payment processing options to accommodate the preferences of your customers. Whether they prefer to pay with credit cards, debit cards, or mobile wallets, we’ve got you covered
- Secure Transactions: We understand the importance of security when it comes to processing payments. That’s why our Merchant Services employ industry-leading security measures to safeguard your customers’ sensitive payment information and protect your business from fraud.
- Customized Solutions: Every business is unique, and we recognize that one size doesn’t fit all. Our Merchant Services offer customizable solutions tailored to your specific industry, business model, and payment processing needs. Whether you need point-of-sale terminals, online payment gateways, or mobile payment solutions, we can tailor a package that works for you.
- Real-Time Reporting and Analytics: Stay informed about your business’s financial performance with real-time reporting and analytics tools. Our Merchant Services provide you with valuable insights into your transaction data, helping you make informed decisions to optimize your operations and drive growth.
- Dedicated Support: We’re here to support you every step of the way. Our team of experienced professionals is available to provide personalized assistance and guidance to ensure that your Merchant Services experience is seamless and hassle-free.
- Competitive Pricing: We believe in transparent and competitive pricing. Our Merchant Services offer cost-effective pricing plans with no hidden fees, allowing you to maximize your profitability and minimize your expenses.
Experience the convenience, security, and reliability of our Merchant Services. Talk to one of our Cash Management Solutions experts and take your business to the next level with streamlined payment processing solutions.
Let Us Evaluate Your Business Banking Needs
Our Cash Management Specialists welcome the opportunity to assess your business banking processes and offer solutions that make effective changes to your current cash flow operations. One of our many mission’s as a community bank is to help businesses thrive. Contact us today to schedule a complimentary review.
We're Here to Help
Let’s make a plan to drive your business forward.
We can help you find the right solutions for your business’ growing needs. Simply fill out the form and we will contact you directly.
For your protection, do not email your Account Number(s) or Social Security Number.
