Cheque Fraud Protection Service
An effective fraud protection tool which provides you with a web-based facility for managing cheques clearing through your Canadian and U.S. Dollar domestic business accounts.
We offer three different levels of security to meet your business needs.
- Positive Pay - you send us a file containing a record of the cheques issued by you since the previous business day. We will automatically pay cheques presented that match records in your file transmission (based on serial number and amount). Items that do not match will be flagged for a pay/no pay decision.
- Positive Pay with Payee Match - similar to the Positive Pay, however payee name is also matched.
- Negative Pay - we provide a file to you containing a record of the cheques presented to us for payment on the previous business day. You compare the serial number and dollar amount of cheques issued by you against the presented cheques and advise us online of any no pay decision if required.
How it can work for your business:
- Maintains and monitors cheque activity for multiple accounts in a secure online environment
- Increases peace of mind with multiple levels of user security
- Access images of paid cheques for 90 days from the date the cheque is cleared and maintains long-term archival of cheque images on DVD-ROM
- Create and download a wide variety of Microsoft® Excel® reports
Credit Card Solutions
Choose from a broad range of business credit card solutions including traditional travel cards to sophisticated e-payables account options that help reduce payment costs, enhance control over spending and streamline your entire payment processing function.
TD Business Credit Cards offer a convenient way to manage your day-to-day business expenses. You can also earn travel rewards, gain access to valuable insurance and receive detailed management reports.
TD Commercial Banking has joined with U.S. Bank®, to help customers replace manual cumbersome paper-based processes with simple, automated payment solutions while having the opportunity to participate in rebate program. Benefit from U.S. Bank’s ‘Access Online’ transaction management system; designed to help reduce costs, improve process and organization controls.
How it can work for your business:
- Full administrative control - allowing customers the ability to update cardholder access, spend parameters and limits - all in real time
- Leverage system controls to drive more compliance
- Ability to eliminate manual paper based processes with simple automated solutions that integrate with all financial systems
- Access to over 100 standard reports and unlimited ad hoc reporting which will provide full oversight into all card program activity
- Use an online transaction management tool to simplify and streamline reconciliation for all users
From financing to everyday transactions, U.S. Bank offers Commercial Credit Card solutions that can work for your business:
Electronic Funds Transfer (EFT) – Credits
Save time and money in making payments such as payroll, annuities, pension plan payments, dividends and investment interest by disbursing payments to your receivers’ accounts on the selected due date at any financial institution in Canada.
How it can work for your business:
- Eliminates the cost associated with cheque production and reconciliation
- Reduces postage and/or distribution expenses
- Decreases staff time spent on administration
- Enhances cash flow forecasting
- Provides quicker access for your employees to their funds
Payment Disbursement Services
This service lets you make your business payments electronically with a choice of payment options and information delivery methods tailored to your needs.
- Automates the disbursement of payments through a single process that accommodates Electronic Funds Transfer, Electronic Data Interchange, U.S. Automated Clearing House payments, Wire Payments and/or Cheques.
- Delivers remittance information by fax, email, EDI or mailed advice in either English or French.
- Allows the submission of Canadian and U.S. payments with various due dates (payments can be post-dated for up to 35 days, wire payments up to 45 days).
- Enables printing and mailing of cheque payments same day or up to nine days in advance of the settlement date.
How it can work for your business:
- Increases control of payment timing and accurate cash flow forecasting
- Improves efficiencies through streamlining of payment processes
- Reduces clerical work and error through implementation of automated processes
- Minimizes or eliminates the cost associated with cheque production, delivery and reconciliation (where applicable)
Payments and Transfers Service
Make bill payments, place stop payments and initiate transfers between your TD Canada Trust business operating accounts.
How it can work for your business:
- Saves time by reducing the need for phone calls/visits to your branch
- Manages security and control using our bill payment Full Access (self-registration of payees online) or Restricted Access (we add payees on your behalf)
Payroll Services
Regardless of the size of your business or complexity of payroll needs, our Relationship Managers can introduce you to Ceridian®, the solution that lets you manage your payroll efficiently and effectively.
How it can work for your business:
- Save time and money outsourcing your payroll
- Records of Employment can be generated at your request
- Automatically reconcile your payroll and make Receiver General remittances – so you won’t miss payment deadlines and incur late penalties
Tax Payment and Filing Service
Pay and file most federal and provincial business taxes online.
How it can work for your business:
- Prevents missed deadlines and potential late payment charges from the government– future date your payments up to one year in advance of the due date
- Reduces paperwork – no paper forms, postage, envelopes or cheques required
- Speeds up GST/HST refunds if you arrange to receive your refund via direct deposit to your account
Wire Payments
Send wire payments virtually anywhere in the world with ease.
How it can work for your business:
- Works securely by authorizing and releasing payments using authentication and encryption technology combined with other levels of security
- History and audit trail is available for another layer of security
- Reports can be printed or downloaded for further review or documentation