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Manage Accounts Receivable

Expedite important transactions for your small or commercial business with cash management solutions.

We offer a variety of business banking solutions to optimize accounts receivable and save you valuable time by streamlining collections and deposits. An efficient payment collection process can directly affect the availability of working capital needed to meet your cash flow obligations. Our accounts receivable solutions are designed to accelerate small and commercial business cash management while reducing processing expenses within the office. We’re focused on developing the most convenient cash, check and credit receivable processes so you can focus on the core aspects of your business.

 

Our Accounts Receivable Solutions Include:

  • ACH Debit Origination
  • Lockbox
  • Remote Deposit Capture
  • Merchant Processing

ACH Debit Origination

ACH Debit Origination gives you a secure payment tool to receive payments and provide convenience and reliability for your customers. ACH Debit Origination allows you to control the timing of receivables by electronically drafting customers’ accounts at other banks and depositing the funds into your WesBanco account. ACH Debit Origination can drastically reduce your processing costs for receivables, accelerate your receipt of receivables by automating collection through debt origination, and improve cash flow forecasting through enhanced identification of collection dates.

Benefits:

  • Increase Internal Efficiencies – Check preparation, processing and reconciling
  • Control Cash Flow – Improve forecasting, eliminate collection float and reduce delinquencies
  • Reduce Costs – Less postage and reduced check orders
  • Security Controls – Reduces your risk to fraud and minimizes the chance of lost or stolen checks.

Lockbox

With lockbox business services, your customers are able to mail their payments to a centralized address and then we’ll take care of the rest. Our lockbox services address your receivable needs through fast processing while maintaining customer privacy and security of funds. Fast, accurate, and flexible, lockbox is one of the most widely used tools for accelerating cash flow.

Benefits:

  • Accessible – You can view checks online and print them.
  • Security – Ensures that payments are in a secure environment.
  • Increased Efficiency – Allows staff time to be spent on other business functions
  • Expedited Cash Flow – WesBanco processes payments and deposits them directly into your checking account on the same day received.

Remote Deposit Capture

Remote Deposit Capture allows you to deposit checks right when you get them. Simply scan and upload checks for immediate deposit. Mobile Check Deposit is not currently available for Business accounts, and so access to a scanner is required to use Remote Deposit Capture.

Benefits:

  • Save Time – Deposit your checks without leaving your office.
  • Enhance Security – Provides better oversight for your deposit transactions, because the checks never leave your office.
  • Improve Your Cash Flow – Put your money to work faster. You’ll have a later deposit cut-off time, which increases your ability to receive same-day ledger credit.

Merchant Services

Connecting your business with faster processing, advanced security, and smart technology.

WesBanco offers more efficient and streamlined payment processing tailored to fit your unique business needs. WesBanco has partnered with Worldpay from FIS, an industry leading payments and technology provider, to bring you the future of payments to help your business succeed.

With omnichannel commerce exploding across the payments landscape, you need the ability to accept any payment, anywhere, anytime. From digital wallets to point of sale and many alternative payment options, our partnership with Worldpay allows us to provide scalable, reliable payment processing to ensure your business is always up and running.

With Worldpay1, you can securely accept the most common payment types and card brands, while enjoying reliable uptime and real-time transaction viewing, all backed by superior customer support. Get the peace of mind you need so you can focus on your business.

  • Credit and debit card acceptance
  • Point of sale technology
  • Mobile payment acceptance
  • eCommerce
  • Gift card program
  • Fraud and data security
  • Online reporting and analytics
  • Electronic check services

We will assess your needs and work with you to customize a solution that is right for your business. To learn more about our merchant services, please contact us today.

Get in Touch

Find a Location Near You!

WesBanco operates over 200 financial centers in the states of Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and West Virginia. Over the past decade, we have built a national reputation as a safe, sound and profitable bank holding company that always strives to do better by its customers.

Locations
Wesbanco bank building