June 6, 2013

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah


Martin Plaehn

Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

In the Lab

Rent to Own

Business Trends
Back from the Dead

Living Well
Artful Inspiration

A Breath of Fresh Air

Worst-Case Scenario

Regional Report
Northern Utah

Measure Up

Industry Outlook
Travel & Tourism



Bank of Utah Introduces New Online Payment and Fraud-Protection Services

Press Release

June 6, 2013

Bank of Utah Introduces Two New Online Treasury Management Services Using the Latest Technology to Help Utah Businesses Accept Payments and Prevent Payment Fraud


Ogden – Bank of Utah has introduced two new treasury management services for businesses that are designed to provide simple, convenient, secure online payment options for customers and protect businesses from fraud: Total Transact Card Payment and an Automated Clearing House (ACH) e-check payment solution.

Total Transact card payment allows businesses to accept bill payments via their web site for anything that can be invoiced. It allows businesses to manage phone, credit, and debit card payments all on one online console. Total Transact also enables business operators to set up automatic payment plans with customers, which initiates an agreed-upon withdrawal from customers’ checking or savings accounts. This Automated Clearing House (ACH) account-to-account electronic transfer simplifies the payment process for both the business and the customer.

Also as an added layer of protection, businesses can be immediately alerted through multiple channels of a potential fraudulent entry before the ACH debit hits their account. This real-time debit approval process allows business owners to easily identify trusted payment sources and to create an “approved list” for future transactions, eliminating the need to maintain labor-intensive debit filters. Businesses can also make payments through the system, which is very useful for employers in sending commissions to sales representatives via direct deposit, paying vendors electronically, issuing customer rebates or sending money to multiple payees in a single batch, simply by uploading a file with the payment details.

“We’re very pleased to be one of Utah’s first hometown community banks to add such robust treasury management services to our suite of services,” said Scott H. Parkinson, Bank of Utah senior vice president of marketing and communications.

Utah Business Social
UB Events View All
Utah Employers Healthcare Summit and Healthcare Heroes Utah Business Event
Oct 6, 2015
The Utah Employers Healthcare Summit is a gathering of all of the major employers, healthcare pro...
Twenty in Their 20sUtah Business Event
Nov 5, 2015
Meet the young and ambitious professionals who are taking the business world by storm! The honore...
Sustainable Business Awards Utah Business Event
Nov 19, 2015
Utah Business magazine is pleased to announce the Utah Sustainable Business Awards. This program ...
Community Events View All
9th Annual CHINA Town Hall: Chinese Investment in the United States
Oct 5, 2015
CHINA Town Hall is a national day of programming on China involving 70 cities throughout the Unit...
Oct 6, 2015
Link to tickets: https://www.eventbrite.com/e/secrets-to-financing-your-business-tickets-18611033...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
* Event Description: