Business e-Solutions from Republic Bank & Trust

What is it?

The future of check clearing is available at Republic Bank & Trust. With Republic's e-Deposit™ you can now eliminate time-consuming manual deposit preparation and multiple trips to the bank, while improving the speed and efficiency of both check collections and returns.

Using revolutionary, image-based technology, Republic's e-Deposit™ allows you to submit checks for deposit using a PC and a scanning device. While at home or at work, each check is scanned for deposit directly transmitting an image to a central processing center, working its way into the collection stream faster than a paper check and making funds available to you much sooner.

Features:

• Your business can remotely deposit all check types via an e-Deposit scanner.
• Republic provides all your scanners at no cost to you, a savings of at least $600.
• Establish recurring debits and credits using the Automated Clearing House (ACH) network to debit or credit your customers.
• Images of all your scanned items are maintained online and remain accessible to you.
• Customized data can be programmed into your scanner that meets the needs of your business (i.e. customer name, invoice number, check number, etc.).
• Your customers' information will populate future fields in your reports when additional checks are processed.
• You can create different users and levels of user authority.
• Check Collect can be used with Republic's e-Deposit™ software for a seamless interface in assisting your check collection.

Benefits:

• Multiple trips to the bank can be virtually eliminated saving you time and travel expense.
• The liability and expense of using a courier service can be eliminated.
• Your deposited funds are available faster.
• The need to itemize your deposit slip or make copies of deposited items is eliminated.
• Researching deposits and imaged items is quick and easy to do, especially for the business with multiple locations.
• Easier account reconciliation.
• Reduces the cost of your labor to process items, postage, and overall operating costs.

Best Used By:

• Businesses located far away from a Republic Banking Center.
• Businesses with multiple locations.
• Businesses who utilize courier services for making deposits.
• Businesses with high check volumes that prefer to not take advantage of our customized Lockbox services.
• Businesses with few staff members, thus making it problematic to spare someone to deliver deposits to the Bank.
• Businesses who enjoy taking advantage of cutting edge technology.
• Businesses who may simply appreciate the convenience.

What is it?

Did you know that check fraud and uncollected funds already costs U.S. merchants more than $5.9 billion a year? Don't let fraudulent check writers cost your business much needed and deserved income.

With Republic's Check Collect you have the opportunity to access a full-service check collection program, helping you eliminate the need to track down the owners of insufficient checks returned to your account and the payments due to you.

Features:

• Offers you a non-intrusive cost effective way to automate the recovery of your customer's insufficient (NSF) checks.
• Re-presents your customer's check to their financial institution via the Automated Clearing House (ACH) network.
• Has a standard success rate of collecting 70% of the checks that are returned to your account as NSF.
• Rewards you with 100% of the check's face value if the check is collected. In addition, you are paid a rebate of $5 if the State Return Item Fee is collected.
• Your funds will settle within 5 days of the collection of the item(s).
• Allows you to see the "real-time" status of your collections via the Internet.
• Provides you with an endorsement stamp and window sticker for your required consumer disclosure, including sample language that can be included in any standard payment service agreements.

Benefits:

• Does not require you to purchase or install any additional software.
• Helps you avoid making those uncomfortable phone calls to your customer requesting payment.
• Eliminates the labor and expense associated with in-house recovery efforts.
• Provides you with weekly deposits of recovered items.
• Recovery efforts are handled efficiently, professionally, and discretely.
• Items that have not been collected after being presented a total of three times are returned to you for further recourse (i.e. submission to the District Attorney's office).

Best Used By:

• Convenience stores & gas stations
• Pharmacies
• Doctor's offices, especially pediatricians
• Grocery stores
• Apartment complexes or rental properties
• Repair shops
• Every Business!

What is it?

Republic Bank & Trust's customized Lockbox service allows you to accelerate your receivables collections. Payments are routed to Republic via a designated post office box. A Republic Banker retrieves the mail daily, all invoices and imaged checks are balanced, and funds are deposited directly to your Republic account.

Features:

• Speeds up the processing and collection of the payments you receive from your customers.
• Payments are routed to a post office box that a Republic Banker will check each business day.
• All items relevant to your deposit are scanned into electronic images (i.e. checks, invoices, payment coupons, etc.).
• All transactions that are processed are available for you to review the next business day via the Internet.
• You can easily research and query information through your online account access.
• You can choose from alternate information delivery methods, including CDs, DVDs, E-mail and Facsimile.

Benefits:

• The time and effort you spend on processing your receivables can be spent in more productive ways that allow you to invest in your business.
• Reduces labor costs involved in processing your deposits.
• Easy monthly statement reconciliation.
• Your deposited funds are available faster.

Best Used By:

• Businesses that do regular and high volume invoicing (i.e. Doctor's offices, utility companies, hospitals, municipalities, rental facilities, etc.).
• Businesses with few staff members, who find it difficult to spare the human resources needed for payment processing.
• Businesses who need assets for the securement of a loan.

What is it?

In addition to the standard features of Republic Online®, Republic's PayPlus Online™ allows you to swiftly initiate Automated Clearing House (ACH) and wire transactions via the Internet with ease. PayPlus Online also assists you with payroll, direct deposits, recurring debits and credits, and tax payments.

Features:

• Allows you the ability to offer and pay your employees by direct deposit.
• Provides you with online account access with the ability to:
  • Transfer funds between accounts
  • Transmit wire information to Republic
  • Make tax payments
  • Pay your bills
  • Download your bank statements
  • Transact ACH credits and debits as a batch
• You have the flexibility to appoint your own office administrator and define user authority.

Benefits:

• Allows you to be more proactive when managing your accounts.
• Saves money on operating costs, including checks, stamps, and envelopes.
• Direct Deposit is appealing and a convenient benefit for employees.
• Faster availability of funds for receivables collected via ACH.
• Greater convenience in requesting wire transfers and avoids a trip to the Banking Center.

Best Used By:

• Businesses seeking a Direct Deposit solution for their employees.
• Businesses who frequently interact with the same customer base for recurring payments (i.e. gyms for membership dues, doctor's office for co-pays, etc.).
• Businesses that need frequent wire transfers.

What is it?

Are you missing out on substantial revenues for your business? Credit card sales are 20% higher than cash or check sales. More and more customers are demanding the convenience of credit card and debit card payment options.

Republic Bank & Trust understands that accepting credit and debit cards has become a necessity to successful business growth. Republic's Merchant Services account allows you to accept credit and debit card payments for the products and services you sell.

Features:

• Allows your business to accept credit and debit cards as acceptable methods of payment.
• Accepts payments from Visa, MasterCard, Discover, American Express, and more.
• Offers a Voice Response Unit if you do not run frequent transactions and have no need for a terminal.
• Offers many different terminal options that will cater to your business' specific needs.
• Supports various online shopping carts that your business may offer.
• Allows you to develop a branded gift card program for your business.

Benefits:

• Convenience.
• Allows your business to be more competitive in the marketplace.
• Provides you with competitive pricing and superior local service, including providing your business with a temporary replacement terminal if the need ever arises.
• Gives you a greater assurance of collection of payment.
• Improves your brand recognition through a customized gift card program.
• Republic Bankers are always available to you for questions, assistance, terminal programming, staff training, etc.

Best Used By:

• Businesses with high dollar volume and high transaction volume.
• Businesses with a high volume of non-local patrons.
• Businesses who sell higher priced merchandise or services.
• Businesses who sell necessity items.
• Any and all business customers.