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This is especially true for payments,

which continue to evolve from checks to

electronic formats. In fact, card and ACH

transactions made up 85 percent of all non-

cash payments in 2012 (Source: The 2013

Federal Reserve Payments Study). That

means only 15 percent were paper checks,

a reality which would have seemed all but

impossible just five or ten years ago.

Switching to electronic payments is an easy

win in the effort to streamline back-office

processes and expense. According to some

estimates, electronic payments can actually

reduce processing costs by up to 60 percent

and can be processed almost twice as fast as

paper checks. By leveraging online bill pay,

you can make sure payments aren’t delayed

by meeting or travel schedules or by critical

days in the mail.

Even better, electronic transactions are

widely considered to have a lower risk

profile. Banks are able to quickly run

authentication procedures to approve or

deny almost instantly, without sacrificing

attention to risk management.

Another payments trend is the increased

use of purchasing cards for everyday

transactions at companies of all sizes.

What was once seen at only the largest

organizations is now widely accepted

in small businesses also. Businesses have

recognized how easy the cards are to

manage, especially when transactions,

approvals and reconciling can all be

done online.

The payments evolution is just the latest in

a trend that has been years in the making

at First National Bank. Business owners

don’t have the luxury of time to get to

the bank, but still want to be connected

to their information. From First Desktop

Banker, which allows checks to be deposited

remotely, to ExecuBanc,™ a secure online

banking system, we make it easy to manage

accounts when and where it’s convenient.

FNB experts anticipate that consumer

technology trends will only further influence

business-to-business practices. More

banking functionality will become available

for businesses on mobile devices, and

heightened security will play a big role in the

shape those enhancements take.

Of course each of these trends comes back

to time and money. From pilot to program,

trust First National Bank to be there every

step of the way as you look to cut costs and

add efficiency for your business.

K

THE PAYMENTS

EVOLUTION

Technology has changed how - and how fast - consumers interact with

the world around them. The expectation for

immediate satisfaction

extends from the delivery of information and service to the way

purchases are made. We want it now, and we want it at our fingertips.

FNB continuously invests in

technology to make banking more

convenient for our clients. That’s

why we recently launched Apple

Pay.™ Apple Pay lets customers

easily make secure mobile payments

at hundreds of thousands of stores,

all with just the touch of a finger.

The new service adds leading-

edge payments technology to our

comprehensive online and mobile

banking options.

Our experts predict 2015 will be

the year we see this type of mobile

technology make its debut in the

business space. Keep an eye out

for new options available to you

and your customers.

Apple Pay works with iPhone

®

6, iPhone 6

plus or AppleWatch™ in stores accepting

contactless payments. Purchases can be

made within participating apps on iPhone 6,

iPad Air

®

2, and iPad mini™ 3.

Apple, the Apple logo, iPhone, and iPad

are trademarks of Apple Inc., registered

in the U.S. and other countries. Apple Pay,

Touch ID, AppleWatch and iPad mini are

trademarks of Apple Inc.

03

FNB-ONLINE.COM