Small Business Services FAQ
About Small Business Services
- Are the small business products sold separately?
Yes. However, when all products are implemented together, financial institutions are able to provide their small business customers with a complete and compelling offering for online accounts payable and receivable management that will generate additional subscription and transaction revenue and help create lasting relationships with these attractive customers.
- How does a small business receive electronic payments from customers?
Popmoney Small Business allows small businesses to create and send electronic invoices. When a customer receives the invoices, they are directed to a website that enables them to make payments on that invoice. Customers can use a credit card or initiate an account-to-account funds transfer to pay the invoice. CashEdge refers to this payment website as a payment hub, and it is branded with the financial institution's graphic identity.
- What types of payment options are available to the small business for making vendor and employee payments?
Popmoney Small Business Payments offers one-time, recurring, and future-dated payments to meet each business' individual needs. It also enables small businesses to make next-day payments, allowing businesses to hold onto their money longer and replacing the need to send checks via overnight delivery.
Risk Management & Security
- How do you guarantee safe online transfers for small businesses?
All of CashEdge's small business services are supported by the Company's risk management capabilities that leverage comprehensive, proprietary technology, and the insights gathered from managing risk for the world's largest financial institutions, helping institutions mitigate risk and decrease fraud exposure for all online transactions including those of small businesses.