TREASURY MANAGEMENT
Business banking solutions to boost your bottom line, increase efficiency, and help reduce the risk of fraud loss.
AT FIRST INTERNATIONAL BANK & TRUST, OUR FINANCIAL EXPERTS FOCUS ON YOU AND THE SUCCESS OF
YOUR BUSINESS.
Our Treasury Management experts stand ready to serve you! From offering convenient tools to manage your funds to fraud prevention services, we can help provide the confidence to know your accounts are structured correctly to maximize cash flow. We are committed to long-term relationships built on trust that is earned through proven financial guidance.
ACH SERVICES
Smart, Secure, and Convenient
The Automated Clearing House (ACH) is an electronic funds transfer system run by the National Automated Clearing House Association (Nacha). ACH Services allow you to operate your business efficiently while minimizing losses from check fraud and data entry errors. This is a costeffective solution that reduces the time and expense of processing paper checks while also simplifying the reconciliation process.
Key Uses:
• Direct deposit of payroll to employees
• Employee reimbursements
• Invoice payments
• Transfer funds between financial institutions
• Rent collections
Benefits:
• Be in control of your business payments and collections
• Set up recurring ACH files
• Upload your file directly from your accounting software or enter your payment information into our gateway
• Experience extended file cutoff times
• Reduce payment costs
• Help protect the environment by reducing waste
• Have access to additional security options
Same Day ACH:
Need more flexibility? Our same-day ACH service allows you to:
• Pay invoices on their due date
• Make last minute payroll changes
ONLINE WIRE SERVICES
Convenient Payment Options
Conveniently, quickly, and securely send domestic or international payments with our Online Wire Services.
Benefits:
• Be in control of your business’s payments
• Wire money domestically or internationally without needing to stop by the bank
• Funds available within minutes
• Schedule transfers after hours for processing the next business day
• Create reusable templates
• Access to additional security options
REMOTE DEPOSIT CAPTURE SERVICES
Deposits On Your Time
Remote Deposit Capture uses a desktop scanner to scan checks received from customers. You can deposit checks from your place of business remotely.
Benefits:
• Cost-effective and easy to use
• Better manage receivables by streamlining your check processing
• Extended cutoff times to make deposits
• Multiple offices may deposit into the same bank account
• Significant dollar amounts may be deposited
• Save time and money by reducing trips to the bank or courier fees
CHECK & ACH POSITIVE PAY SERVICES
Reduce Check and ACH Fraud
First International Bank & Trust offers Check Positive Pay and ACH Positive Pay as part of our fraud protection services. Positive Pay is a proactive approach to reduce potential fraud and financial loss due to fraud.
How It Works:
Check Positive Pay compares checks presented for payment to your issued check files verifying check numbers, dollar amounts, payees, and issue dates. Positive Pay users are alerted of exception items and have the ability to decision the exceptions to either pay or return. This allows you to stop fraudulent items presented to your account.
Benefits:
• Routine comparison between checks written and checks presented for payment
• Pay only authorized transactions
• Automated emails notifying you of exception items
• Online exception management enables you to decide if the item will be paid
• Account reconciliation assists with bank statement balancing
KOTAPAY
Kotapay is at the center of First International Bank & Trust’s payments division. Founded in Fargo, ND, 30 years ago, Kotapay provides accurate electronic payment services to more than 100,000 companies in all 50 states. As a division of First International Bank & Trust, Kotapay brings even more efficiency and security to better manage your payments. Kotapay’s solutions include high-volume ACH processing, wire drawdown, merchant services, and custom payment portals.
Pay Now Payment Portal
Kotapay’s Pay Now payment portal is a secure, efficient, and cost-effective way to accept ACH and credit card payments right from your website. You can even customize your portal with logos, colors, and text that are unique to your business’s branding.
MERCHANT SERVICES
Credit Card Processing
The Basys Difference
Kotapay and FIBT have partnered with Basys Processing to deliver a full suite of modern credit card terminals, software, and competitive pricing. With an average seven-second response time to live support and a strong reputation for PCI compliance assistance, Basys sets the gold standard in payment processing.
No matter your industry or number of locations, Basys provides tailored solutions at competitive rates, backed by a dedicated relationship manager. Their systems integrate with most POS platforms and often work with existing terminals – ensuring a smooth transition from your current processor.
Basys Processing Solutions Include:
• POS Solutions, connected and wireless
• Stand-alone Terminals
• Mobile Payments
• Virtual Terminal
• Software Integration
Save With Basys
Basys IQ is one of the most sophisticated web-based credit card processing systems in the industry complete with a built-in Intuitive Qualification System (IQS). This innovative, easy-to-use system helps to reduce costs for your business and the correct date is automatically included in each card transaction processed.
Popular Clover Devices
Clover Flex
This all-in-one device provides built-in capabilities to accept payments, conduct business, and track sales, all from the palm of your hand. Making fundraising easier than ever, with the option to process payments by swipe, tap or utilize contactless payments (Apple Pay, Android Pay, etc) with the added bonus of texting or printing receipts for your customers as well.
Clover Go
Pair the Go app (works with all major operating systems, no matter what phone/tablet you have) with the credit card reader for your phone/tablet and accept swipe, chip, or contactless payments that have lower fees. This device offers digital receipts you can email or text to your customers.
EVOLVE PAYMENT SOLUTIONS
Leveraging the Power of Card Payments
Controlling your cash flow is a vital part of your business. We offer three different business Card Programs.
By moving to card-based payments, you can:
• Eliminate multiple payment methods and set up your EVOLVE Business Card Program as your one-stop shop
• Reduce the cost of cutting checks to pay suppliers
• Earn points or a cash rebate depending on the Card Program you choose and qualify for
Control and Ease
The EVOLVE Card Programs provide the comfort and ease of having one sole card program to manage. Rather than paying piles of invoices each month and worrying about when the debits will hit your account, you’ll have the convenience of putting your money to work until your monthly bill is due. The control is in your hands by allowing you to:
• Manage your credit card program through eZBusiness, a user-friendly and sophisticated online platform
• Distribute individual cards to your employees with distinct credit limits while also having an office card for corporate expenses
• Assign expense reviewers at the cost center or cardholder level (with Business+ and Commercial Programs)
eZBusiness Online Card Management
We provide an easy-to-use online resource to support, manage, and oversee your card program. As part of our onboarding process, we will assure set up is complete and your main users are knowledgeable to take care of any needs. And don’t worry, your dedicated service specialist is just a phone call away should you have questions. eZBusiness conveniently allows you to:
• View activity on all cards associated with the business
• View and download statements
• Manage spending limits
• Online payments
• Request new cards
• Close existing cards
• Set up alerts
• Allocate merchant restrictions
• Set up additional admins
LOCKBOX
Accelerate Your Accounts Receivable Processing
Payment processing through Lockbox services allows you to accelerate your accounts receivable processing and information delivery. Lockbox efficiently collects, processes, and deposits check payments to the accounts you designate. In addition, payment processing can be customized to meet corporate directives.
Benefits:
• Faster collection process for increased efficiency
• Timely payment posting with accelerated cash flowsFlexible, customized service
• Reduced mail float
• Responsive reporting
• Variety of delivery options
• Reduced risks
Features:
• Web-based application that provides same-day access to check and document images, Lockbox reporting, and account activity
• Images are retained in the standard image archive for 180 days and can be stored in long-term archive for up to seven years
• Handle exceptions faster and more efficiently with online tools that let you make immediate decisions on items that need special attention
ONLINE BUSINESS BANKING
Stay Connected With 24/7 Access
Skip a trip to the branch and conduct your business anytime, from practically anywhere. Our online banking platform provides you with the service you expect so you can get more out of life. Keep a watchful eye on your balances, transfer money between accounts, and view past transactions from your desktop or mobile device.
• Transfer funds between FIBT accounts
• Make loan payments
• View your statements
• Export transactions
• Pay bills online
• Deposit checks, order new checks, or stop payments from the same screen
• Set up text, push, or email alerts to notify you when a deposit or withdrawal has been made to your account, a specific check has cleared, or when a loan payment is due
• Access analytics that track your balance history and spending
Online Business Bill Pay is a simple way to quickly and conveniently pay any person or company. Online Business Bill Pay is efficient, easy, secure, and best of all; there’s no charge.
Benefits:
• Authorization levels are administered by owner
• Dual control features are available
• Allows for automatic or repeat payments to be scheduled
• eBills are paid and received online
• Payments may be electronically linked with invoices and discounts
• Payment information may be exported into your accounting software