Integration with Autobooks, Advanced Fraud Solutions provide accounts receivable/payable and fraud protections to small and medium businesses
Access Softek, an omnichannel digital banking provider, recently launched new payment features in its Commercial Banking solution via SSO integrations with Autobooks and Advanced Fraud Solutions (AFS).
.@AccessSoftek launches new #payment features for commercial digital #banking platform with @AdvancedFraud and @Autobooks_
Together with Autobooks, Access Softek’s Commercial Banking enables small business owners to easily manage tasks including but not limited to invoicing, payments, accounting, payroll, lending and taxes directly through the financial institution, rather than dealing with multiple third-party non-banking technology providers.
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“Increasingly, banks and credit unions are under pressure to establish primacy with their small business clients. Our partnership with Access Softek will enable business owners to get paid and manage their back office directly within online and mobile banking. Supporting business owners that need to get paid online, and financial institutions that need to stay ahead of the competition,” said Jay Valanju, VP Corporate Development at Autobooks.
Additionally, Commercial Banking features Positive Pay, which detects any mismatches in check information like payee name, dollar amount, and account number through its integrations with AFS. If any discrepancies are identified, the feature will send the financial institution an alert and the option to stop payment on the check. With Positive Pay, the financial institution has full control of whether to accept or reject the check based on the feedback from Positive Pay.
This feature can also leverage fraud data from Access Softek’s database, consisting of negative, historical return check information from over 2,500 financial institutions, in order to better prevent fraud.
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“Preventing fraud is important for small businesses,” said Ted Kirk, Vice President, Strategic Partnerships at AFS. “Access Softek is not only providing the technology solutions that make their work easier, but solutions that prioritize security and we are proud to support them in that mission.”
“Commercial digital banking and its features provide financial service leaders more touchpoints to engage with their small business customers and members, who are critical to the financial institution’s success,” said Chris Doner, founder and CEO of Access Softek. “Better payment services not only make financial management easier for these small businesses, but help our financial institutions demonstrate the value they can provide over other non-bank small business solutions.”
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