Primary disbursement vehicles were zero balance accounts, controlled disbursement
accounts and payable thru draft accounts.
A controlled disbursement
account effectively provides 24 hours' notice of an impending check.
Pulte also elected to use a separate account for ACH payments, rather than running them through its controlled disbursement
* Monitor disbursement clearing time and consider consolidating controlled disbursement
endpoints into one that offers the highest level of reporting and funding accuracy and earliest available presentment times.
Treasury checks, consumer checks, business checks, money orders, controlled disbursement
checks, payable through drafts, and traveler's checks.
Its specialized small-business products include controlled disbursement
, giving a business checking customer the ability to calculate its daily cash position early to take advantage of investment opportunities (if cash is not needed, it's kept where it collects interest); lockbox service, which is checked several times daily to provide an efficient and cost-effective method of collecting and processing receivables; and a business check card giving quick and easy access to checking account funds.
Products offered include various electronic payment products, account reconciliation, sweep accounts, controlled disbursement
and vault services.
ET from KeyBank, where the company has its controlled disbursement
Happily, the zero-balance controlled disbursement
account maintained by MMC made this change easy to implement.
The most frequently discounted services were positive checks paid (69%), controlled disbursement
checks paid (67%), account maintenance (66%), controlled disbursement
maintenance (65%) and credit posting (65%).