Disbursement Management

Manage payments to vendors, employees, retirees and taxing authorities with flexible payment options, prudent risk management and accurate information.

 

Northern Trust's disbursement solutions help you:

• Efficiently originate domestic and international paper and electronic payments
• Reduce risk by verifying payee and check information, implementing ACH and wire transfer controls and setting up custom alerts to notify you of transaction activity

Payment Origination–Accommodate both basic and complex electronic payment needs by initiating same-day or recurring domestic and international ACH and Wire transfers.

Controlled Disbursement–Enhance your ability to more accurately determine your daily cash position with same-day notification of cleared transactions, allowing you to make investment and funding decisions early.

Integrated Disbursement–Securely transmit a single electronic file of check, ACH, and wire payment instructions and we’ll process and issue all payments, reducing your overall cost of payment origination.

Fraud Protection Services–Protect against paper check fraud and unauthorized electronic transactions with our fraud prevention tools. We’ll help you establish the right controls to protect your organization from fraudulent payments.

Information Services–Capture and integrate information from multiple payment and information types to improve timeliness of information flows. Northern Trust Treasury Passport and direct transmission options enhance timely access and flexibility in how information is accessed and delivered.

Imaging Services–Eliminate the need to store checks and images by accessing detailed check information through our online tools, CD and transmission services.

Reconcilement Services–Simplify your reconcilement process and automate manual tasks. With our range of reconcilement options you can securely view and export summary or detailed reporting through Northern Trust Treasury Passport® or direct transmissions.