WELCOME to the MICHIGAN LIQUOR CONTROL COMMISSION Electronic Fund Transfer Presentation.

Slides:

Advertisements

Similar presentations

TYPES OF BANK ACCOUNTS.

Advertisements

© 2007 First Data Corporation. All Rights Reserved. This document contains unpublished, confidential and proprietary information of First Data Corporation.

Money and Financial Institutions. In the monetary system goods and services are indirectly exchanged using money, which can then be exchanged for other.

1 What is iSupplier? Why should my company register?  iSupplier is for those vendors who wish to directly access information regarding transactions with.

Take Charge of Your Finances

2.7.1.G1 © Family Economics & Financial Education – December 2005– Get Ready to Take Charge of Your Finances – Electronic Banking Bonanza – Slide 1 Funded.

1.7.2.G2 Electronic Banking Trivia G2 © Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic.

Copyright © 2005 EFT Network, Inc. All Rights Reserved. Automated Recurring Payments Flexible Payment Solution.

1.7.2.G1 © Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Funded by a grant from Take.

1.7.2.G1 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Funded by a grant from Take Charge.

District 22 Area 1 – 3 Meeting Financial Timelines Internet Banking Saturday 16 March 2013.

Welcome ~ To the Michigan Liquor Control Commission’s presentation on Electronic Fund Transfers.

There are many different ways of making and receiving payments. MAKING A PAYMENT Cash Cheque Credit cards Debit cards Direct debit Credit transfers.

1.2.2.G1 © Take Charge Today – Revised May 2010 – Electronic Banking Bonanza – Slide 1 Funded by a grant from Take Charge America, Inc. to the Norton School.

Checking Maintaining a checking account is a necessary skill to master before living independently.

Checking Accounts & Banking Services

1.7.2.G1 Electronic/Online Banking & Bill Pay Take Charge of Your Finances.

Managing a Bank Account Tracking Your Money Test Review.

1.7.6.G1 © Family Economics & Financial Education –March 2008 – Financial Institutions – Online Banking Funded by a grant from Take Charge America, Inc.

Welcome to BEN Buys and the Penn Marketplace Electronic Purchase-to-Pay Made Easy!

Wire Transfers and Foreign Drafts Cash Management, October 2014.

Financial Services & Electronic Banking Ch PoB 2011.

The Kent Card Supporting Direct Payments Jean Penney - Project Manager, Independent Living - KCC.

Paying The Employee CPP Review Course February 21, 2015 Presented by: Heather Williams FPC, CPP.

Common payment services What are the common payment services provided by financial institutions? 1.

1 Begin the E Signature Process Here. 2 OPTION 1: Send a secure to the Insured to E-Sign and Pay Online This is a copy of the your Insured.

Chapter © 2010 South-Western, Cengage Learning Checking Accounts and Banking Services Banking Services and Fees 9.

The difference between a Credit and Debit Card Debit card: Give you access to your funds immediately Credit card: You use money you don’t have but are.

Checking Accounts. What is a Checking Account? 1.A checking account is a sum of money that you deposit in a bank or other financial institution, to hold.

1.7.2.G1 © Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Funded by a grant from Take.

Benny Says: The More You Know About Flexible Spending Accounts The MORE You Save!

2.7.1.G1 © Family Economics & Financial Education – December 2005 – Get Ready To Take Charge of Your Finances – Electronic Banking Bonanza Funded by a.

1.7.2.G1 © Family Economics & Financial Education – Revised May 2009 – Financial Institutions Unit – Electronic Banking Funded by a grant from Take Charge.

Unit 5 Your Money: Keeping it Safe and Secure Info from: NEFE High School Financial Planning Program.

Problem Solving Bellringer Objective: Understand Personal Banking Problem: Solve for the variable x 3x + 2 = 11.

Chapter 3, Section 3 ELECTRONIC BANKING.

Banking & Financial Institutions How Banks Work.

Money and Banking  1. Median of Exchange= any items that sellers accept as payment.  2. Standard of Value= a way to measure the relative value of goods.

Chapter 10 Banking.

Banking Math 10 Essentials. Banking Transactions A bank is an financial institution which deals with cash, domestic and foreign, receives and stores deposits.

2 You Will Know Major types of insured financial institutions Basic banking terms Differences between banks and check-cashing services Bank employees.

7.02 Evaluate ways that commercial banks can assist consumers with money management. Principles of Business 2006.

Checking Accounts/Banking Services Checking Accounts Used for regular spending money and to pay bills Write checks or use debit card to spend from.

Banking Services and Types of Money. Let’s look at some of the services offered by banks… Savings Account: Pays interest, has no maturity date, and from.

Checking Account. Key Terms Check Online and smartphone banking Deposit/credit Automated Teller Machines (ATMs) Debit Overdrawn Balance/reconcile Overdraft.

Five Types of Payment Systems Cash Checking Transfer Credit Card Stored Value Accumulating Balance.

A checking account is also called a “demand” deposit account because funds can be withdrawn, or “demanded” at any time by cashing a check. Check Writing.

Execute sales transactions. Sales transactions include: Cash or check Debit card sales Credit card sales Layaway sales On approval sale Cash-on-delivery.

WELCOME to the MICHIGAN LIQUOR CONTROL COMMISSION’S Electronic Fund Transfer Presentation.

GOALS BUSINESS MATH© Thomson/South-WesternLesson 3.2Slide 1 3.2Electronic Banking Record electronic banking transactions Find account balance when banking.

Eliza Cagle Cell Shop With Scrip.

September 28, 2011 Objective: Students will identify the purpose of a checking account.

Chapter 9.2 Accounting for Cash Payments

1.7.2.G1 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Funded by a grant from Take Charge.

Chapter 14 Money 3 Functions of Money Medium of Exchange - Barter System Unit of Accounting - Yardstick for comparison - Enables accurate financial records.

TODAY’S AGENDA 1.Budgeting Project review- they are due electronically tomorrow 2.Budgeting Quiz (DVD) and test questions afterwards 3.Ch. 10 Baking 4.Ch.

Chapter © 2010 South-Western, Cengage Learning Checking Accounts and Banking Services Checking Accounts Banking Services and Fees 9.

Step 2 – Register a Card To register a UR Card, you can send an to or fill out the registration form at one of our awesome

Where Should I Put My Money? Choosing a Financial Institution.

How to Write Checks and Balance Accounts. Checking Account An account at a bank against which checks can be drawn by the account depositor Check – A document.

Electronic Banking 7.3. EFT  Electronic Funds Transfer Banks ability to move money from one account to another by computer  Advantages to Banks (Cost.

Automated Fund Transfer System AUTOMATED FUND TRANSFER SYSTEM (AFTS) FOR PEMC PARTICIPANTS.

PD 21 Mrs. Biegel. NPR Podcast Banks are a business, they: Provide a safe place for people to deposit money Lend funds to people & businesses in temporary.

Other Banking Services Chapter 7.5. Certified Check ► Personal check ► Stamped and signed by bank officer ► Charges a fee - $5-$20 ► Withdrawals money.

Unit 9 Finance and Banking. Electronic Banking What is E-Banking Electronic banking or e- banking gives people electronic access to bank accounts and.

Bursar’s Office. SJSU Washington Square Bursar Services Collect payments for tuition, fees and housing. Disburse financial aid funds. Process and generate.

Bursar’s Office.

Take Charge of Your Finances

Take Charge of Your Finances

Presentation transcript:

WELCOME to the MICHIGAN LIQUOR CONTROL COMMISSION Electronic Fund Transfer Presentation

MLCC ELECTRONIC FUND TRANSFER PROGRAM Do you pay for liquor orders by check or cash? Are you the only one at the business who can write checks? Do you have to wait for the business office to write a check? Would you like to have more free time?

HASSLE-FREE PAYMENT Experience a hassle-free method of payment for liquor delivery. Funds can be electronically withdrawn from your account by the MLCC.

IT’S EASY TO START TO OPEN AN EFT ACCOUNT: Complete an EFT application. MLCC verifies account information with your bank. The application process takes up to 16 business days. EFT accounts are activated every Wednesday. EFT notification will show up on your ADA invoice.

IT’S EASY TO DO Place your order as you normally would through the appropriate ADA automated ordering system.

PACKING YOUR ORDER Liquor is packed for loading on the delivery truck by the ADA. Your invoice identifies your business as an EFT account.

FREE WEEKLY DELIVERY Your ADA will deliver your order to you each week you order liquor. Check your order and sign your invoice.

SAVE TIME Save time and money when you use direct payment with MLCC’s EFT Program.

WHY TAKE YOUR CHANCES… Direct Payment….. Provides bill-paying convenience by authorizing the State of Michigan to debit the money you owe for liquor directly from your account.

SAFETY FOR YOU Eliminate the need for extra cash on hand. When your liquor is delivered, just sign the invoice and funds will be transferred from your checking or savings account.

SIGN UP FOR EFT Remember to sign up for the Michigan Liquor Control Commission’s EFT program.

QUESTIONS? Contact MLCC, Financial Management Division, at if you have questions regarding the EFT program for liquor purchases.