Mobile Payments: Bridging Generations in the Digital Era
Posted On: March 7, 2024 by Farmers Trust & Savings Bank in: Business Banking
In the dynamic landscape of finance and technology, mobile payments have emerged as an ever present payments force. What's particularly noteworthy is their ability to transcend generational boundaries, becoming a common thread that connects individuals across different age groups.
The Rise of Mobile Payments: A Universal Phenomenon
Mobile payments have experienced unprecedented growth in recent years, with an increasing number of individuals opting for the convenience...
Disaster Recovery Plans – Are You Ready?
Posted On: August 31, 2023 by Farmers Trust & Savings Bank in: Business Banking
As technology becomes more advanced, so does the potential for something to go wrong with it. If a disaster was to strike your business, would you be ready?
According to the Disaster Recovery site, “Despite the number of very public disasters since 9/11, still only about 50 percent of companies report having a disaster recovery plan. Of those that do, nearly half have never tested their plan, which is tantamount to not having one at all.”
The types of disasters...
5 Things You May Not Know About Commercial Lending
Posted On: April 28, 2023 by Farmers Trust & Savings Bank in: Business Banking
Author: Eric Schable, Commercial Loan Officer
So what is commercial lending anyway, you may ask? It is the process of providing loans to businesses, rather than individuals. It’s an essential component of the financial sector, facilitating business growth and expansion. Without it, we wouldn't have places to shop, services to purchase and so much more!
In this blog post, we'll explore five things you may not...
Why do Businesses LEVEL UP and Choose ACH Origination?
Posted On: June 20, 2022 by Farmers Trust & Savings Bank in: Business Banking
Author: Suzi Harper, Personal Banker and Commercial Services Manager
When it comes to payments, businesses often have more options than they may even realize.
ACH Origination can be one of those options that provide a wealth of benefits to a business including helping save money and improving efficiencies.
What is ACH? ACH (Automated Clearing House) is a network for electronically moving money between bank accounts in the US. It’s the evolution of...
How Remote Deposit Can Help Your Business Work Smarter, Not Harder
Posted On: March 9, 2022 by Farmers Trust & Savings Bank in: Business Banking
Written by Suzi Harper, Personal Banker & Commercial Services Manager
In this day and age, we are always looking for convenience. Convenience comes in many shapes and forms, but nevertheless we want it because essentially it makes our day-to-day life easier. We want easier. We want more efficient. We want to make the most out of our time both personally and professionally. We want to work smarter, not harder. Sound familiar?
We understand that need to make the most...
Looking to Start a Business and Unsure Where to Start?
Posted On: January 11, 2022 by Farmers Trust & Savings Bank in: Business Banking
When planning for a new business, it is a good idea to determine your business plan, and if possible, what kind of entity it will be. Will it be a sole proprietor, partnership (LLP), limited liability company (LLC), or corporation (C-Corp, S-Corp, B-Corp, or Nonprofit)? There may be different benefits for the different types of entities, depending on the nature of your business. Contacting your attorney for more details would be a good first step to helping you decide.
A good...
