Foundations of Business Banking

Learn how businesses manage their various banking needs by relying on business banking services.
Differentiate banking regulations and their effects on banks and credit unions.
Apply the different forms of business funding from banks.
Articulate the different ways payments and collections can be made through banks.
Determine approaches for alternative financing.
Summarize what constitutes value for a positive relationship with a banker.

Introduction

• Welcome to the course: Business banking

1. Overview of Business Services Provided by Banks

• Accepting and managing payment: Merchant services
• Business loans
• Payroll services
• Business advising
• Banking terminology

2. Bank Regulatory Environment

• Banking regulation
• Role of central banks
• What is the difference between a bank and a credit union?
• Investment banks

3. Forms of Business Financing Provided by Banks

• Loan covenants
• Fixed-rate vs. variable-rate loans
• Short-term vs. long-term loans
• Asset-backed loans
• Lines of credit

4. Payments and Collections through Banks

• Checking account float and Watertown, New York
• Electronic funds transfer (EFT)
• Credit and debit cards
• Cross-border cash transactions

5. Advances in Banking Technology

• What is fintech?
• Mobile banking
• Blockchain: Introduction
• Blockchain: Comparison to centralized data storage
• Cryptocurrency
• Internet of Things
• Big data
• Alternative financing

6. Bank Relationship Management

• Value of a positive relationship with your banker