LOS ANGELES - Imperial Bank has introduced its imPower Internet cash management service.
The service lets the bank's midsize business clients review checking, savings, and disbursement account information, set up automated clearing house payments, pay vendors and taxes, make payroll deposits, and reimburse expenses directly to employee accounts from Web browsers.
The subsidiary of $7 billion-asset Imperial Bancorp plans to add more features, such as wire transfers, initiation and reporting, stop payment requests, check imaging, and merchant statements, over the next four months.
ImPower was created with software from Politzer & Haney of Newton, Mass.
