Corporate Banking overview
Corporate Banking is for companies with high transaction volumes and a large number of employees that require more complex entitlement structures. Corporate includes features that help you manage entitlements, provide reports for your end users, and lookup routing transit numbers (RTN).
| Features | Description |
|---|---|
| Advanced entitlements | Control entitlements for the Company Policy and User Roles. |
| Information reporting |
Customize, schedule, and print reports in different formats. Standard reports include:
|
| RTN lookup | Perform an RTN lookup by entering either an American Banker Association (ABA) routing number or Financial Institution (FI) name into the FI search field on the Recipients page. Use the refined search option and include City and State to locate a specific FI branch office. This service reduces ABA routing number errors and complies with NACHA requirements for commercially reasonable screening. Costs associated with returned items are also reduced. |
| Multi-Transfer | Includes the ability to create multiple internal funds transfers from one screen and save the set of transfers as a template. End users can select a single processing date or different processing dates for all of the transfers. However, a single batch ID will be associated to each set of transfers to streamline approval and reconciliation. |
| Multi-Wire Origination | Includes the ability for end users to execute multiple domestic or international wire transactions from one screen and save the resulting set of wire transactions as a template. End users can select a single or different effective date for all of the transactions; however, a single batch ID will be associated for each wire to streamline approval and reconciliation. |
| Batch Wire Uploads | Includes the ability to import a comma separated (CSV) file including multiple domestic or international wires, replacing the need to manually key in wires. Uploaded wires will be represented as single transactions in the Activity Center. However, a single batch ID will be associated for each wire to streamline approval and reconciliation. Only files containing the mandatory Fedwire and SWIFT fields will be supported and this service does not include the ability to create a wire outside of the CTR format. |
| Recipient Upload from Batch Payments | Provides the ability to upload a NACHA file containing recipient information to create new recipient records, as well as update existing recipient records when end users are uploading ACH batch payments (ACH payments, collections, and payroll). |
| Incoming/Outgoing Wire Activity | Provides the ability for end users to access and view transaction details associated with incoming or outgoing domestic and international wire transactions. Connectivity to a real-time wire processor is required. The available data and timeliness of the data shown will be dependent on the integration made available by the third-party service wire system. |
| Incoming Wire Alerts | Provides the ability for end users to set up incoming domestic and international wire alerts within Corporate Banking. Connectivity to a real-time wire processor is required. The available data and timeliness of data shown will be dependent on the integration made available by the third-party wire system. |
| Account Labels | Provides the ability for a User to add labels to accounts within the Company Policy page where the labels can be associated with entitlements and information reporting, resulting in increased efficiency and productivity. |
| Dual Action by Transaction Type | Some financial transactions require Dual Action approval by a different end user than the one who created it, even if the drafter has approval rights. This action is driven by dollar amount and can be set at the Group level; that setting applies at the Customer and User Role level as well. |
| Commercial Dashboard | Allows FIs with access to a large volume of accounts to organize accounts, view different balances, and access quick links and widgets in a User-defined view to increase information visibility and productivity with online banking. |
Note: Corporate entitlements, reporting, and RTN lookup are only available for users in Corporate groups.
The following features are only available if your FI purchased the full Corporate Banking product. However, once purchased, the features are available for both Business and Corporate users:
- Multi-Transfer
- Multi-Wire
- Wire Uploads from Batch
- Recipient Upload from Batch
- Incoming/Outgoing Wire Activity
- Incoming Wire Alerts
- FX Wires (Batch)
- Commercial Dashboard