The Client

Regional bank

 

The Challenge

Operating in a highly competitive, highly fluctuating market, the bank was seeking new ways to create efficiencies that would allow them to continually deliver value to shareholders and customers. Their accounting team was spending hours each day issuing checks and enrolling vendors into ACH payments. The bank wanted to streamline operations and build an automated process that would meet current needs and scale for future ones.

 

The Solution

Paymerang worked with the bank to outsource virtually all of their check, ACH and virtual card payments, including those they had already enrolled in their in-house ACH program. As the bank grew through acquisitions, Paymerang gave them the agility to add new payments and vendors into the service, enabling a smoother and less expensive integration process.