Overview

Webb Dynamics' cheque deposit solutions are becoming the most popular form of treasury management solutions used by merchants that accept payment from the US/Canada consumer. These services are geared specifically toward wealth management, payment acceptance, invoice submission and settlement, and escrow services, collectively called treasury management services.

For example, there are several advantages to using the Webb Dynamics a check deposit solution as opposed to the standard ACH check processing method. One of the pitfalls of merchants when it comes to ACH has been the restrictions on not only the business type of the merchant that limits the acceptable amount of ACH returns, but the appetite of the primary ACH bank to accept a merchant that consistently has a high rate of returns or charge-backs associated with the products or services that the merchant is offering to the consumer. As ACH is governed by NACHA rules, when the returns are much higher than the acceptable level, the ACH provider is most likely to shut down the ACH processing account for the high-risk merchant in order to comply with the Federal limits placed on all Automated Clearing House transactions through the Federal Banking System and enforced by NACHA.

As an alternative to credit card processing, an ever growing number of US/Canada consumers cannot or will not chose to employ a credit card in making a purchase but instead prefer to pay for goods or services directly from their US/Canada checking account. There are several reasons a consumer may choose to pay using a check instead of a major credit card. One reason is that when the consumer makes a purchase using their checking account it is the same as paying cash– this has no additional fee like a credit card that accrues interest on unpaid monthly balances, once the goods or services are paid for there are no further charges to the consumer. Another reason that our solutions are becoming more popular is that a growing number of US/Canada consumers are not able to qualify for a credit card due to the fact that they are either under-employed or un-employed and do not have access to a standard consumer credit card, or don't want to open a pre-paid credit card account because of the additional fees involved in loading money to the pre-paid credit card.

Our solutions for check deposits have its advantages over traditional ACH merchant check processing accounts. Mainly, we are not governed by NACHA Rules and therefore a high rate or returns or rejects is acceptable as long as the level of returns fall within the boundaries set. We do not use the traditional ACH method of settling through the Federal Reserve Bank's Automated Clearing House, and therefore is not required to comply with the NACHA rules when it comes to returns or chargebacks, however we are governed by FTC and other government rules such as the Consumer Protection Agency.

We have a simple vision: to be the treasury management provider of choice for the business owners and executives we serve. Our mission is to provide our clients a comprehensive suite of commercial treasury management, private relationship and wealth management services delivered in the same way we always have – by building strong relationships with our clients. This allows our experienced professionals to be thoughtful, creative and responsive in meeting your needs. We were founded by an entrepreneurial executive in 2008 and that entrepreneurial spirit continues throughout our company today, giving us the flexibility and the power to deliver for you.

Since 2008 we have provided innovations in the treasury management, escrow, and managed receivables industries. We focus on the small  to mid sized businesses whose owner can't or won't deal with a conventional/traditional financial institution and provide valuable alternatives to cash flow stagnation and check deposit dilemmas.

If your legal we can deposit your revenue!

Webb Dynamics is committed to being a key facilitator in the commercial treasury management business in Canada, but to an underserved market of small business owners whose credit status or current circumstances deny them access to a conventional banking relationship or limits their ability to perform competitively when hampered by treasury management limitations.