Make your disbursements more efficiently.

Citibank offers a variety of electronic payment types

Services: FED & CHIPS transfers ACH transfers PayLink Checks

Wire Transfers (Fedwire & CHIPS) for transferring immediate funds and supporting information between two financial institutions using their respective Federal Reserve Accounts.

PayLink Checks offers you the latest technology to execute electronic online payments from your office, enabling you to settle your bills via check, or via an electronic funds transfer to the beneficiary´s account.

Controlled Disbursement same day notification of the dollar amount of checks that will clear against the disbursement account that day.

Check Reconcilement is provided as Partial and Full, available as a paper report and/ or in electronic form.

	Partial reconcilement, bank lists all paid checks in numerical order by check serial number or date paid;
	Full Reconcilement, the company supplies an electronic file of issued checks to the bank and the bank matches the checks paid against the file.

Positive Pay & Payee Authentication provides even greater control over payments, enabling to monitor and approve checks presented for payments on a daily basis. This substantially decreases the potential for check fraud. This service entails an electronic transmission from the customer to Citibank on each day when checks are issued.

Reverse Positive Pay the bank transmits a file of checks presented for payment to the client on a daily basis. The customer matches the file to its list of issued checks and notifies the bank of any items they wish to have returned.

Statement Imaging technology replaces paper documents with digitized replicas that can be stored, retrieved, and printed. Checks images are stored in a CD-ROM for a relative ease and speed searching with a self installed software. These images can be further used for reconciliation purposes and investigation.

Mass Payment is an electronic file delivery service that allows the customer to originate a single file with payments such as checks, ACH & wire transfers. Also support the integration with customers ERP systems using several standard file formats. Allows fully automated end to end process by providing electronic file acceptance and transaction reconcilements.

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