PAYABLES SOLUTIONS

Have you considered using Wachovia to help pay your suppliers, vendors, and employees? Reduce your costs, relieve administrative burdens, and make the most of short-term working capital? Let your money work for you—disburse funds efficiently and quickly with one of our payables solutions.

Automated Clearing House  (ACH)

• Reduce paper by making electronic payments through the ACH.
• Transmit overnight and future-dated payments electronically via Internet or telephone, or with a direct file transfer or through a third party.
• Use ACH services for: direct deposit of payroll, pre-authorized payments, tax payments, and cash concentration.

ASO/Partners^®

• Meet your unique need as an insurance company through a specially designed program for account structure, controlled disbursement of funds, fraud risk management, account reporting, and information via the Internet.
• Support all aspects of claims administration.

Account Reconcilement Processing

• Balance your disbursement accounts more easily and quickly with our account reconcilement services that include:
  • Paid Only Reconcilement – provides check paid information only.
  • Full Reconcilement – provides check paid and outstanding checks information compared to your company’s issue report.
  • Positive Pay – works in conjunction with Full Reconcilement to compare checks presented for payment against your issuance file.

Controlled Disbursement

• Check totals are presented on your account daily by 10am.
• Fund your Controlled Disbursement account through account or wire transfers or other approved sources.

Domestic and International Wires and FX Drafts

• Initiate domestic and international wire transfers, receive advices of incoming funds, and obtain timely information about wire transfer activity.
• Make foreign currency or U.S. dollar payments via a draft drawn on a bank physically located in the region of the world you are making the payment.
• Use the Internet, telephone, or Wachovia’s Integrated Payables service to initiate your foreign and domestic payments.

Direct Pay^®

• Deposit your employees’ pay via ACH onto a Visa^®-branded Check Card.

E-Box^® Payment Origination

• Send one file of electronic payments to multiple payment processors and billers.

Integrated Payables

• Initiate electronic and check payments by sending a single file of payment instructions to Wachovia.
• Use any of the following payment types: check, ACH, corporate wire transfer, or foreign drafts.

Online Payables

• Send a single file of payment instructions to Wachovia via the Internet.
• Let Wachovia handle the printing and distribution of checks and associated documents for all of your vendor and employee payments.

Zero Balance Account (ZBA)

• Use a separate demand deposit account (DDA) for deposit and disbursement activity to consolidate your funds into a master account at the corporate level.
• Transfer funds automatically between the master account and any of the subsidiary accounts.

Related Products and Services
•Online Services
Related Links

•A Guide to Checks and Check Fraud 
•Treasury Services
•Product Brochures for Payables Solutions

Corporate & Institutional Customer Service