Collection Services
Silicon Valley Bank offers a wide range of services to help you consolidate and collect funds efficiently. Our collection services provide detailed collections information that can be integrated with your existing collections system. Collection services include:
Electronic Deposit Capture
Our remote deposit solution makes it easy to make deposits into your account from the convenience of your office. Using an SVB scanner on a computer in your office, you can easily enter checks and deposits online, and transactions are credited to your account the same day. Electronic deposit capture can save you time and money while improving your availability of funds.
Lockbox Services
Our lockbox services address the regional and national needs of many clients. Fast, accurate, and flexible, lockbox is one of the most widely used tools for accelerating cash flow. Silicon Valley Bank has partnered with the largest nationwide lockbox service providers to give our clients state-of-the-art equipment and expertise, to assure optimization of funds availability.
Merchant Services
With merchant services you can accept VisaA®, MasterCardA®, American ExpressA®, and other credit and debit cards as payment. Merchant services reduce your need to maintain credit accounts and manage collections, helping you save money, control cash flow and improve customer service. And, you also benefit from automated clearing house (ACH) settlement within 48 hours of the sale. Merchant services include:
Internet payment solutions from a wide variety of service providersTraditional payment solutions for retail, mail order, telephone order, and other businessesOnline reporting, with robust reporting of all your transactions, including deposit reports, statements and transaction reports.
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