Products and Services 

 

 Positive Pay 

  • Check Positive Pay protects against counterfeit duplicate or altered checks.
  • ACH Positive Pay prevents unauthorized or fraudulent electronic transactions.
  • Efficiently and seamlessly monitor transactions for fraud.
  • Items only require approval when the issued check or ACH doesn’t match what is presented.
  • Provides an extra level of security against fraud. 
  • Reduces the risk of financial loss.
  • Provides peace of mind.

 

 Reverse Positive Pay

  • Allows you to compare presented checks and/or ACH items against what you have issued.
  • Each item requires your approval to clear your account.

 

 Remote Deposit Capture

  • Deposit incoming checks directly from your workplace using special scanning hardware and secure software.
  • Make remote deposits any time of day, and as often as necessary.
  • Receive an email alert of confirmation when deposits are received.
  • Generate daily reports that offer summaries of each day's deposits.
  • Deposit records are stored on your computer for easy access.
  • Reduce end-of-day trips to the credit union to make deposits.
  • Reduce the risk of transporting a large numbers of checks in public.

 

 ACH Services

  • Move funds into and out of your business accounts electronically, quickly and safely.
  • Originate payments from your office computer network to vendors, suppliers, the government (for tax purposes) and even employees (to cover payroll).
  • Arrange for incoming electronic payments from customers and clients, reducing the number of overdue accounts.
  • Make use of a variety of ways to originate ACH payments, including database templates and direct file transfers.
  • Reduce your staff's paperwork and mail-handling workload.
  • Reduce the costs associated with lost checks and financial fraud.
  • Secure login with our single sign-on feature. 

 

 Sweeps

  • Line of Credit Sweep automatically moves funds between a revolving line of credit and a business checking account to reduce interest costs. Funds moved are determined by you via a targeted pegged balance.
  • Investment Sweep automatically moves money between a business checking account and a money market account to maximize interest earned.
  • ZBA Sweep automatically moves funds from a business checking account to/from another business checking account to streamline operations and automate the movement of cash to where it is needed.
  • Combine Sweep products together to automate the movement of cash while maximizing interest earned and minimizing interest paid.

 

 Business Bill Pay

  • Reduce check-cutting and postage costs by sending payments electronically through Purdue Federal digital banking.6
  • Make one-time payments in minutes and schedule recurring payments months in advance.
  • Precise scheduling of payments allows your business to facilitate cash flow and make full use of your funds.
  • Receive electronic confirmation of your payments.
  • Easily access records of previous payments by date or individual account.

 

 Credit Card Processing

  • Increase sales by allowing your customers and clients to pay in whatever manner is most convenient to them.
  • Point-of-sale devices and customized software allows your business to accept most credit cards, debit cards, gift cards, government-issued benefit cards and electronic payments.
  • In-store and mobile options.
  • Generate reports that can help you manage inventory, track customer preferences and launch marketing efforts.
  • Protect your customers, business and reputation from fraud with state-of-the-art security.

Purdue Federal Credit Union serves members worldwide and operates branches throughout Greater Lafayette, Crown Point and La Porte, Indiana.

6 Please see the Digital Banking Services Agreement for full disclosures. Data rates may apply.