Carver Launches Suite of Cash Management Services to Support Growth of Small and Larger Businesses Across Greater NYC Region

Rhea-AI Summary

Carver Federal Savings Bank is launching new state-of-the-art online cash management tools to help entrepreneurs and businesses grow and better manage their finances. The offering includes money management services, secure banking options, and payment solutions.

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• Carver Federal Savings Bank is committed to making technology investments to enhance the customer experience.
• The cash management tools assist businesses with effective financial asset management in a safe and secure online environment.
• The offering includes FDIC-insured products over $250k, positive pay to protect customer funds, and payment solutions like merchant services and ACH origination.

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• None.

NEW YORK, Aug. 16, 2023 /PRNewswire/ --Carver Federal Savings Bank ("Carver"), a certified Community Development Financial Institution ("CDFI") and designated Minority Depository Institution ("MDI"), is helping entrepreneurs take their businesses to the next level with its new state-of-the-art online cash management tools.

"We take great pride in providing our clientele with innovative tools they need to grow and better manage their businesses," said Michael T. Pugh, President and Chief Executive Officer of Carver Federal Savings Bank. "Carver is committed to making the necessary technology investments to enhance the customer experience. Our cash management services and products assist businesses with the effective management of their financial assets, cash, and investments in a safe and secure online environment."

Optimizing the cash management for your business is critical to creating and sustaining its success and decreasing financial and operational risk. As a community bank serving small and larger companies, Carver is proud to bring its cash management offering to the diverse communities it serves across the Greater New York City region. 

Carver's new offering contains a complementary suite of services and products to help entrepreneurs and businesses succeed:

Money Management

• Business mobile and online banking
• Mobile deposits
• Remote deposit capture
• FDIC-insured products over $250k

Bank Safely and Securely

• Positive pay: protects customer funds by allowing them to input and review all checks issued on their accounts proactively
• ACH positive pay: customers have control of companies that can access their accounts via ACH

Payment Solutions

• Merchant services
• Online wires
• Business debit and credit cards
• Bill pay
• ACH origination

Carver's cash management offering is helping small and larger businesses decrease their financial and operational risk while optimizing business liquidity. For more details, please click here or email our cash management services team at carverbusinesscashmgt@carverbank.com.

About Carver Bancorp, Inc.
Carver Bancorp, Inc. (NASDAQ: CARV) is the holding company for Carver Federal Savings Bank, a federally chartered stock savings bank. Headquartered in Harlem, NY, Carver was founded in 1948 to serve African-American communities whose residents, businesses, and institutions had limited access to mainstream financial services. The U.S. Treasury Department has designated Carver as a Community Development Financial Institution ("CDFI") because of its community-focused banking services and dedication to its local community's economic viability and revitalization. Carver is one of the largest African- and Caribbean-American managed banks in the United States. The Bank recently expanded its online presence to include consumer checking and savings accounts across nine states, from Massachusetts to Virginia, and Washington, D.C. For further information, please visit the Company's website at www.carverbank.com. Be sure to connect with Carver on Facebook, LinkedIn, and Twitter.

Media:
Michael Herley for Carver
203.308.1409
mediainquiries@carverbank.com

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SOURCE Carver Federal Savings Bank

FAQ

What is Carver Federal Savings Bank offering?

Carver Federal Savings Bank is offering new state-of-the-art online cash management tools to help businesses grow and manage their finances effectively.

What are the key features of the cash management tools?

The cash management tools include money management services, secure banking options, and payment solutions like merchant services and ACH origination.

How does Carver Federal Savings Bank ensure security for customer funds?

Carver Federal Savings Bank offers positive pay to protect customer funds and allows customers to input and review all checks issued on their accounts proactively.

What are the benefits of Carver's cash management offering?

Carver's cash management offering helps businesses decrease financial and operational risk while optimizing business liquidity.