21 August 2017
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Commerce Bank enhances Web cash manager

20 July 2006  |  1943 views  |  0 Source: Commerce Bank

Commerce Bank/Harrisburg, NA today announced new features for Commerce TreasuryDirect, the bank's acclaimed web-based cash management tool, that provide businesses and organizations with enhanced fraud prevention and greater cash flow control.

TreasuryDirect now enables users to view and manage wires and electronic transaction activity in real-time. The up-to-the-minute account data gives customers more power over their cash position. Inbound fund confirmations, account transfers and disbursements are instantaneous with a click.

Additionally, TreasuryDirect now offers a new payee positive pay feature, which enhances an organization's ability to avert losses due to check fraud. Payee positive pay electronically compares issued check data - including check number, payment amount and payee name - with items that have been presented but not yet paid. By identifying discrepancies, the service prevents unauthorized items from clearing. Conventional positive pay compares check number and amount only.

"Commerce TreasuryDirect enables organizations to ensure that every dollar is producing the best possible return," said Commerce Bank Chief Retail Officer David Skerpon. "Thanks to new upgrades, TreasuryDirect users will now profit from an even richer tool. With real-time data, payee positive pay and the convenience of single sign-on, TreasuryDirect is a superior choice for organizations that want the best in cash management control, efficiency and fraud prevention."

A summary of Commerce TreasuryDirect conveniences:

  • Single sign-on, single platform (competitor solutions require multiple platforms and passwords)
  • Real-time inbound and outbound wire transfers
  • Real-time book transfers and stop payments up to 8 p.m.
  • Direct deposit, direct debit and other payments
  • Tax payments to federal and state authorities
  • Check image retrieval
  • Custom-formatted reports
  • 128-bit encryption and other security features
  • Minimal system requirements


In addition to TreasuryDirect, Commerce Cash Management services include RapidDeposit on-site check scanning; lockbox services; positive pay; account reconcilement; direct deposit payroll; electronic payment services; automatic investment sweep; account analysis; merchant card processing and corporate credit cards.

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