Information Management
Information management services provide your company the information it needs when it is needed. MidFirst Bank also offers a complete array of Treasury Management products and services. For more information, call 877.709.7326 or contact Treasury Management Sales.
Account Reconciliation Services
Automate your company’s reconciliation activities with accurate and timely reporting. Multiple reconciliation options are offered, including:
- Full Reconciliation
- A detailed report lists the status of all items in your company's disbursement account, both paid and outstanding. We offer flexible reconciliation periods to meet your business needs.
- Partial Reconciliation
- A report lists paid items in serial number order from the date of the previous reconciliation through the report date.
- Deposit Reconciliation
- Provides reconciliation of individual deposits made for different purposes or from different locations to a single account.
Product Benefits
- Improve audit control
- Increase speed and accuracy of reconciliation
- Reduce clerical costs
ACH Positive Pay
Filter or block unauthorized electronic transactions by establishing criteria for debits allowed to post to your account. Any electronic transaction that does not meet the criteria is referred back to your company for a pay or return decision. When reviewing exceptions, your company may add criteria for handling future electronic transactions from the originator.
Add Positive Pay as an additional service to receive a special package discount.
Product Benefits
- Eliminate the risk of unauthorized ACH transactions
- Improve control of account activity
Electronic Data Interchange Reporting
Electronic Data Interchange (EDI) Reporting uses the Federal Reserve Bank's secure email service to provide your company with detailed information regarding incoming ACH transactions. Users receive a secure email each day EDI information is received.
- Access detailed information on ACH transactions conveniently
- Improve posting time by gathering payment details electronically
- Improve customer relations by processing payments more efficiently and accurately
eStatements
Receive business deposit account and/or analysis statements electronically through Business Online Banking and Business Online Banking Express. Enrollment is simple and takes only a few minutes.
- Receive your statement quicker
- Access current and historical statements any time
- Download and print statements conveniently for up to 18 months
- Reduce paper usage
- Receive check images quicker
- Allow for more timely account reconciliation
- Eliminate the need to store paper statement copies
- Reduce the risk of mail fraud and identity theft
Business Online Banking Express
Assist your company with managing its banking transactions more efficiently through basic online services.
- Free service for all MidFirst business checking accounts
- View account balances, transactions and check images online
- Originate Bill Pay transactions from multiple accounts
- Initiate internal funds transfers
- View eStatements
- Place stop payments
- Download information to QuickBooks®
- Review loan reporting
Product Benefits
- Save time and increase employee productivity
- Manage your company's cash more efficiently
Monthly Service Fees
- No monthly service fee
Business Online Banking
Enjoy a powerful array of services that may be customized to accommodate your company's needs and requirements. Business Online Banking offers all of the Business Online Banking Express features, plus additional payment options and enhanced security.
- Initiate ACH Payments and Collections
- Originate Wire Transfers
- Reduce or eliminate fraud with Positive Pay and ACH Positive Pay
- Use secure sign on with Advanced Login Authentication or secure token sign on
- Create, modify and entitle users with different functions and access
- Create multiple approval levels for transactions
Product Benefits
- Save time and increase employee productivity
- Save money with lower transaction fees
- Reduce fraud risk with enhanced security
Monthly Service Fees
For pricing information on Business Online Banking, please ask your business banker for our Fee Schedule for Treasury Management and Online Banking services.
Images
Images provide online access to lockbox transaction images, replacing paper reports and check copies. Access your company's transaction images online 24 hours a day, 7 days a week.
- Save time researching deposits using electronic copies
- Improve storage and search ability options
- Improve research capabilities using search, sort, save and export functions
Positive Pay
Reduce or eliminate fraud by validating the check number and amount of your company's checks presented to MidFirst Bank for payment. Your company provides a list of issued checks to MidFirst Bank. Checks presented for payment are matched against the check issue file before final payment. Unmatched items are flagged as exceptions and referred back to your company for a pay or return decision.
Payee Positive Pay validates the payee name as an additional fraud protection, in addition to the check number and amount.
Add ACH Positive Pay as an additional service to receive a special package discount.
Product Benefits
- Avoid losses due to check fraud
- Improve control of account activity
ZEscrow/ZRent
ZEscrow: The future of escrow and sub accounting.
With secure online access, your organization can virtually manage all escrow and sub accounting tasks without touching another paper tax form or calling the bank for assistance. The platform works seamlessly with MidFirst Bank’s systems, so you can be assured that all sub account activity is reconciled to your business deposit account.
ZRent: Make rent collection effortless.
Take the hassle out of rent day for everyone! Automate rent payments transferred from each tenant’s account directly to the landlord’s account. Free for business bank deposit customers!