Wayne Bank launches ‘business link,' remote deposit capture

Honesdale — A new service is now available at Wayne Bank n Business Link, which is a remote deposit capture system used by businesses which enables them to make check deposits from their place of business. Bill Davis, president and chief executive officer of Wayne Bank, said, “It is a great service to assist businesses in saving time and money by extending their deposit time until 5 p.m. during the work week and helps our customers to have access to their funds more quickly too.” He also noted that the product was first offered to existing business customers and the feedback has been terrific. As a simple and quick, web-based service, Business Link prepares and delivers checks electronically from business locations to their accounts at Wayne Bank, any time of day, seven days a week. This technology reduces the cost and risk exposure of having someone actually drive to the bank to make daily deposits. Other key features include extension of daily business hours for same-day posting to 5 p.m., more frequent deposits that allow money to work faster, and elimination of photocopying of deposited checks, which many businesses have done. Through Business Link, deposited check images can be saved indefinitely on computer storage media for future reference, as well as allowing digital data from deposits to be captured, and exported to other recordkeeping systems. The equipment needs are minimal -- a personal computer, an authorized scanner, which Wayne Bank provides, and high-speed Internet access are all that is needed to use this service. From a security standpoint, the technology has the ease of controlling user access in order to keep information secure. Even if a PC is located in a high traffic area of the business, administrative rights only allow certain people access to the system. It is state-of-the-art with the current banking industry standards for password authentication and protection, and all data encrypted for secure transmission to the bank. It also includes advanced fraud detection and prevention features. Business Link on-site setup and training is provided by Wayne Bank, as well as telephone customer service support during business hours and 24-hour online help guides. Business Link customers also have a Free Business Checking account with no analysis fees, no minimum balance, no monthly service fee and free internet banking and monthly image statements. The two services certainly help to reduce expenses for businesses in Wayne, Pike and Monroe counties. For more information call 800-253-8502 or visit waynebank.com for more details. Wayne Bank is a subsidiary of Norwood Financial Corp., Member FDIC, serving Wayne, Pike and Monroe Counties.