Manage payments to vendors, employees, retirees and taxing authorities with flexible payment options, prudent risk management and accurate information.
Northern Trust's disbursement solutions help you:
Payment Origination–Accommodate both basic and complex electronic payment needs by initiating same-day or recurring domestic and international ACH and Wire transfers.
Controlled Disbursement–Enhance your ability to more accurately determine your daily cash position with same-day notification of cleared transactions, allowing you to make investment and funding decisions early.
Integrated Disbursement–Securely transmit a single electronic file of check, ACH, and wire payment instructions and we’ll process and issue all payments, reducing your overall cost of payment origination.
Fraud Protection Services–Protect against paper check fraud and unauthorized electronic transactions with our fraud prevention tools. We’ll help you establish the right controls to protect your organization from fraudulent payments.
Information Services–Capture and integrate information from multiple payment and information types to improve timeliness of information flows. Northern Trust Treasury Passport and direct transmission options enhance timely access and flexibility in how information is accessed and delivered.
Imaging Services–Eliminate the need to store checks and images by accessing detailed check information through our online tools, CD and transmission services.
Reconcilement Services–Simplify your reconcilement process and automate manual tasks. With our range of reconcilement options you can securely view and export summary or detailed reporting through Northern Trust Treasury Passport® or direct transmissions.
Scott is a Senior Vice President at Northern Trust Company and is responsible for managing Northern’s Treasury Services Consulting division. The Treasury Consulting Division provides Northern Trust clients with assistance in evaluating their existing cash management structure, support in analyzing and implementing treasury management solutions designed to optimize cash flow and streamline payment and financial operations, as well as advice regarding payment industry trends and best practices.
Scott joined Northern Trust in 2003 and has twenty-five years of banking industry experience, including more than ten years in the treasury management services field. Prior to joining Northern Trust he worked for National City Bank and predecessor organizations of J.P. Morgan Chase in several different capacities, including treasury management sales, procurement card product sales, corporate banking relationship management, asset-based lending, and asset-backed securities underwriting.
Scott has a Bachelor of Arts degree from Coe College in Cedar Rapids, Iowa and an MBA degree from DePaul University in Chicago. He is a member of the Association for Financial Professionals (AFP), and was a member of AFP’s working committee that created the first standard RFP for purchasing cards in 1998. He earned the Certified Cash Manager (CCM) designation in 2000, and currently holds AFP’s Certified Treasury Professional (CTP) designation.
Northern Trust Corporation. Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A. Incorporated with limited liability in the U.S. Products and services provided by subsidiaries of Northern Trust Corporation may vary in different markets and are offered in accordance with local regulation. For more information, read our legal and regulatory information about individual market offices.
This material is directed to professional clients only and is not intended for retail clients. For Asia-Pacific markets, it is directed to institutional investors, expert investors and professional investors only and should not be relied upon by retail investors.