Capital Credit Union’s treasury management solutions place emphasis on cash management, ensuring business owners are making their money work for them in the most strategic way possible. Our goal is to support the small business owners and entrepreneurs in our community by giving them the tools they need to succeed.
As a business owner, you probably want to learn more about these tools and evaluate their value before deciding whether they’re right for you. CCU is a thought leader in financial education and literacy. We’ll walk you through how these tools work so you can be confident in whether to move forward.
Merchant Services
Customers have more ways to pay than ever before. For instance, many people are turning to electronic payment methods such as Apple Pay®, Samsung Pay®, or Google Wallet®.
CCU partners with Merchants’ Choice, providing you the flexibility to accept payments anytime and anywhere. Connect an EMV device to collect debit or credit card payments by swipe, dip, or tap.
Do you manage an online shop? Accept payments directly through your website via a Buy button, hosted payment page, or integrated shopping cart. Your website or mobile app can accept digital wallet payments as well.
If you work with clients across the country, or even the globe, Merchants’ Choice allows you to email electronic invoices and accept over-the-phone payments. You even have the option of customizing your Buy buttons, payment pages, and invoices for a personalized customer experience.
Accepting a range of payment options gives your customers the freedom to select the payment method most convenient for them. This, in turn, allows you to improve cash flow and better manage daily operational expenses. With mobile processing, you can even accept payments on the go.
In addition to the freedom and flexibility our merchant services provide, you can also reduce costs by eliminating standard processing fees. Rather than pay a merchant fee on every transaction, you can opt for a flat monthly rate of $50.00 instead. This could add up to substantial savings as your business grows and revenue climbs, and who doesn’t want to increase their bottom line?
Business Rewards
A business credit card optimizes liquidity by allowing you to postpone payments until the end of the billing cycle. If your funds are deposited in an interest-bearing account, you may earn more money by strategically timing your payments so that you maintain a higher average daily balance.
CCU understands that each business is built differently. To best serve our members’ needs, we offer a range of credit card options*:
Smart Business Rewards Card
Our Smart Business Rewards Card maximizes your rewards potential so that you can keep more cash in your account. Earn five times the points on prepaid hotels and car rentals booked directly in the Rewards Center. Earn double points on your top two spend categories and one point per dollar spent on all other eligible purchases.
Redeem points for your choice of cash back, gift cards, merchandise, and travel. You can also take advantage of 20,000 bonus rewards points when you spend $500 within the first 90 days of account opening.
Our Business Real Rewards Card is another way to earn quick and easy rewards. There’s no cap on points earned, and just like the Smart Business Rewards Card, points can be redeemed for cash back, gift cards, merchandise, and travel.
Business Cash Preferred Card
With the Business Cash Preferred Card, meanwhile, you get 5 percent cash back on prepaid hotels and car rentals booked through the Rewards Center. You also earn cash back on a number of other purchases, including 3 percent cash back on eligible purchases at gas and EV charging stations, cell phone service providers, office supply stores, and dining establishments. The Business Cash Preferred Card allows you to earn money on purchases you’re likely already making.
We also offer our standard Business Card, which comes with a low introductory rate for an extended period. Use it to pay down your high-interest debt and keep more of what you earn.
Fraud Detection and Prevention
When businesses fall victim to fraud, revenue takes a hit. Research suggests small businesses are more susceptible to fraud loss, and close to two-thirds of fraud losses experienced by small businesses are not recovered.
Businesses can lose money for several reasons, such as seasonal fluctuations or a rise in production costs. However, fraud shouldn’t be one of them. When you take advantage of CCU’s treasury management services, you have peace of mind knowing you have the tools necessary to minimize your risk of financial loss.
For example, CCU offers both Check Positive Pay and ACH Positive Pay. Check Positive Pay allows you to share the details of checks your business has issued. When someone attempts to deposit or cash a check, it is compared with the information you’ve provided. If details, such as the amount or payee name, don’t match up, the check is flagged for your review. You can then decide whether to deny or approve payment.
ACH Positive Pay works much the same way. You’re able to provide a list of approved debit and credit card transactions or set parameters for those transactions. Anything that appears suspicious will be flagged for your review so you can stop fraudulent activity before it ever occurs.
Capital Credit Union has a range of tools to protect the financial interests of both you and your clients. Make a smart business decision by leveraging these tools for smarter business banking. To learn more about CCU’s treasury management services, get in touch with us. Discover why our way of doing business is simply good financial sense.
*The creditor and issuer of these cards is Elan Financial Services, pursuant to separate licenses from Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.