MidSouth Bank

ACH Payments & Payroll

Make direct deposits for your employees, pay vendors electronically, and debit customers for services all through our online banking platform. Eliminate the need for paper checks, and reduce fraud risk when you enroll.

MidSouth Bank’s ACH Origination – Customer Training and Best Practices Guide provides a brief summary of ACH Facts and ACH Originator Responsibilities. This guide offers ACH Origination best practices and details the controls in place to help combat ACH Origination fraud. Download your guide today.

Electronic Federal Tax Payment^®

The Electronic Federal Tax Payment System (EFTPS) is the most convenient way to make federal tax payments securely via the Internet or over the phone.

• Make your tax payments securely from your home or office, 24 hours a day, 7 days a week.
• Schedule all payments in advance or make weekly or monthly payments if you prefer.
• Access up to 16 months of your EFTPS payment history online or by phone.
• Receive an immediate EFT Acknowledgement Number that is a receipt of the transaction, which can be used for checking payment status and in communication with the IRS.

Remote Deposit Capture

With the MidSouth RDC scanner on your desk, you can scan and deposit checks without ever leaving your office. This will save you time and money and make your deposits quicker.

The ability to deposit checks electronically can prove to be a valuable time-saving tool for your company; however, adequate employee training is important for proper system use. View MidSouth Bank’s Remote Deposit Capture – Customer Training and Certification Guide for our customer training checklist and Remote Deposit Capture FAQ.

Business Online Banking

Our online banking services include electronic bill pay, account inquiry, fund transfers, loan payments, and stop payments right from your desk. Seamlessly links with QuickBooks and other accounting software for fast data transfer. Free yourself from your desk with our easy-to-use mobile app.

Positive Pay

Positive Pay is a powerful fraud prevention tool used to help your business combat ACH and check fraud. MidSouth Bank’s Positive Pay helps your business detect suspicious transactions, reducing the risk of financial loss and safeguarding the reputation of your business. The process is simple:

• You will upload information about approved vendors with associated expiration dates and payment limits or any checks you’ve written into our Business Online Banking platform.
• We will use your records to validate items presented for payment against your account(s) daily.
• If a mismatched or a potential fraudulent check item or “exception item” is detected, we will notify you by email.
• The email will alert an assigned decision maker for your business to log into MidSouth Bank’s Business Online Banking platform to review and make a “pay” or “return” decision for each exception — you decide whether or not to pay the amount.

Online Wire Services

Send wires safely and securely at your convenience with MidSouth Bank’s electronic wire service. This online banking feature offers convenient wire transfers without requiring in-person bank visits, facilitating timely payments worldwide.