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Cash Concentration

Cash ConcentrationWhat is the concentration of banking in cash management?

Concentration is a banking system that allows payments from customers to a regional collection center, which transfers funds to a bank donor.

Accelerate cash collections from customers by having the funds sent to several geographically located regional banks and transferred to a main concentration account at another bank. The transfer of funds can be accomplished through the use of transfer checks, deposit and electronic transfers.

Posted on February 28, 2010.
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