Treasury Management
Check Positive Pay
When security systems are not put in place, fraudsters can create counterfeit checks that may end up being honored. Check Positive Pay is a Business Banking service designed to reduce the opportunity for check fraud by comparing a company check presented to data provided by you via Harford Bank’s Digital One Business (D1-B) online banking platform. Customers are alerted if a check does not match the submitted information, and the check can be returned if necessary, without any impact on your account. Enjoy the convenience of writing a check, with the security of knowing it won’t be negotiated unless approved by you. Monthly service fee applies.
ACH Positive Pay
Similarly, to Check Positive Pay, Harford Bank offers ACH Positive Pay as a fraud prevention service which allows you to control which Automate Clearing House (ACH) transactions are permitted to post to your account. By setting approved vendors and limits for those vendors, you have confidence that only transactions you authorize can pass through your account. This service helps prevent unauthorized payments and enhances security by allowing you to manage and monitor transactions more effectively through Harford Bank’s Digital One Business (D1-B) online banking platform. Monthly service fee applies.
Remote Deposit Capture
Remote Deposit Capture is a method of transmitting deposits electronically to Harford Bank from the convenience of your office. This not only saves you time and money by not having to make a trip to the branch but allows you to make deposits outside of normal banking hours. The digital check image is securely transmitted directly to your Harford Bank account through an online application. We will deposit those images just like we would deposit your paper check. Monthly service fee applies.
ACH Origination
Enhance your cash management activities by sending funds electronically through the automated clearinghouse (ACH) network. Common ACH activities are the direct deposit of payroll or other payments, and the collection of funds owed. Harford Bank can be your gateway to this electronic network. By utilizing ACH you experience an easy reconciliation process as payments are transmitted faster. In addition, this service reduces any risk associated with issuing and mailing a physical check. Subject to credit underwriting. Monthly service fees apply.
Merchant Services
Harford Bank has partnered with Evolv, to provide merchant services to our commercial customers. As a leader in payment processing and digital marketing solutions, Evolv has creative, cost-effective programs for all types of businesses. Evolv gives you the tools you need to grow your online presence, drive more customers to your business, and increase your bottom line. They are dedicated to ensuring merchants are protected by taking all necessary steps to securing your solutions and reducing your risk. Whether you take payments in-store or on-the-go, Evolv has options for you.