Cash Management

Growing your farm or business can get complicated. Reaching new heights may involve reaching out for new technology - efficient ways to send and receive payments or accessible tracking and consolidation platforms.

Libro offers all the services you need to help maintain control over your income and expenses, plus one more thing – the advice of your Libro Coach. Your Coach will help you understand which services make sense for the operation you run. And they’ll work with you and our third-party partners to ensure a smooth transition to new technology.

Libro Commercial Online Banking

Commercial Online Banking is a web-based platform that provides 24/7 access to payment and reporting services, giving Libro’s business Owners more control over how they manage their accounts. This solution is a permission-based model which allows the account administrator to define who within their organization has various access levels. The platform is secure, accurate and in real time, giving Owners information on their accounts and cash position.

Collection Services

This suite of services enables Libro Owners to collect cash to improve efficiency and access to funds. In other words, to bring in the money!

Collection Service	Features
Automated Funds Transfer (AFT)/Pre-Authorized Debits (PAD)	Convenient and cost-effective way to collect funds from customers and renters Allows business Owners to ‘pull’ funds from an account at any financial institution in Canada, with proper agreements in place
Incoming Wires	Incoming wires can be accepted in a variety of currencies Learn More
First Data® Merchant Services	Efficient way to accept payments for the goods/services you provide Offered through our partner, First Data Services include: A variety of point-of-sale terminals; all are contactless and accept ApplePay™ and mobile wallets Mobile Pay Plus; handheld device connects with smart device to accept credit and debit payments E-commerce & Virtual Terminals; ability to accept payments through business website in CAD and USD Gift Card Program; prepaid gift cards suited for small and medium businesses
Commercial Remote Deposit Capture (CRDC)	New at Libro, scan and deposit cheques securely from the convenience of your office USD and CAD cheques accepted Online reporting available in various formats Immediate access to your funds
Bill Payment Processing Service (BPPS)	Collect funds by ATMs, online banking, telephone banking and the branch network from businesses and individuals using any Canadian financial institution A Corporate Creditor Identification Number (CCIN) is assigned to identify your business All incoming funds are consolodated and depositied into your Libro account Helps eliminate the need for manual processing of incoming payments

Disbursement Services

These services enable Libro Owners to efficiently disburse funds – paying the bills!

Disbursement Service	Features
Automated Funds Transfer (AFT)/Direct Deposit	Convenient and cost-effective way to pay vendors and suppliers Allows business Owners to ‘push’ funds from a Libro account to any financial institution in Canada, with proper agreements in place
Payroll (Automated Fund Transfer)	Through Libro, business Owners pay employees directly into their personal accounts by submitting a data file 48 hours in advance
Payroll (ADP)	Offered through our partner, ADP Pay employees directly into their personal account Offers pay stubs and T4 and other tax slips at year end
Wires	Outgoing wires can be sent in a variety of currencies LEARN MORE
Online Bill and Tax Payments	Fast, efficient payment to a variety of vendors and utilities online Ability to make government tax payments and remittances

Libro Commercial Online Banking

Collection Services

Disbursement Services

Disbursement Service

Features

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