Tag Archives: paymerang


Paymerang Named #1 Best Tech Startup in Richmond

Paymerang Named #1 Best Tech Startup in Richmond We are proud to be named #1 Best Tech Startup in RVA by The Tech Tribune! We are grateful for each and every one of our amazing team members and clients who makes our awesome company what we are today, and we look forward to our continued … Read More

Paymerang CEO to Present at CPI Middle Market Summit

Commercial Payments International (CPI) connects the world’s top decision makers to discuss the latest developments in commercial cards and payments, share innovation and drive the industry forward. They do this through live events and interactive advisory boards that meet regularly throughout the year. Relationships forged at their events help the industry’s top executives meet today’s challenges and plan for … Read More

Don’t Settle for a Fractional Bank ePayment Solution

The world of electronic supplier payments is growing rapidly. Companies are making the transition to eliminate check writing and move to secure electronic payment (ePayment) platforms. The time savings, fraud prevention, and cost savings have already convinced many companies to outsource their accounts payable disbursements. Traditionally, banks have been the trusted adviser in this new world, but … Read More

Paymerang Volunteers at Habitat for Humanity Chesterfield ReStore

Paymerang Volunteers at Habitat for Humanity Chesterfield ReStore Our team volunteered at the new Habitat for Humanity Chesterfield ReStore. Locations like this one help fund the building of affordable housing across the Greater Richmond area. We were able to help organize the store, sort donations for sale, assist in accepting donated items. Most importantly, we … Read More

Paymerang Hosts Financial Seminar for Employees

Paymerang Hosts Financial Seminar for Employees Here at Paymerang we want the best for our employees. We believe that when employees are given the opportunity to learn and grow they will accomplish amazing things. We value our employees and want them to be successful both in the office and in their personal lives. This week, … Read More

Rethinking Checks’ Role In B2B Payments Friction

Rethinking Checks’ Role In B2B Payments Friction Paymerang CEO, Nasser Chanda, recently spoke with PYMNTS about the evolution of B2B payments—in particular, the shift to electronic payments and the continuing role of traditional paper checks. Since our story began in 2010, we’ve had one simple goal in mind: to facilitate electronic supplier payments and make business payments … Read More

Aldrich Capital Partners Invests $26 million in Paymerang

Today was a red-letter day at Paymerang! At a special event that included Virginia Governor Ralph Northam, we announced that Aldrich Capital Partners made a $26 million growth investment in our company. This investment will help us grow organically and through acquisitions in the Procure-to-Pay space. You can view the full press release here. Governor … Read More

Paymerang partners with AISNE for webinar

Paymerang is pleased to partner with AISNE to bring you an informational webinar, “Streamline Your Payments Process”. The webinar will be hosted by John Zaudtke, Vice President of Business Development at Paymerang. It will feature Michelle Mejiborsky from The Governor’s Academy. Founded in 1763, the Governor’s Academy is a co-educational boarding and day preparatory school for grades 9-12 … Read More

Paymerang presents at Cards and Payments On Campus Conference

  This week Brian Cook, Senior Vice President of Higher Education with Paymerang, attended and presented at the 21st National Cards and Payments On Campus Conference hosted by Professional Development Group in Atlantic Beach, FL. Since 1986, PDG has planned and overseen conferences that are national in scope. Each year, they host a Student Loan Receivables Collection … Read More

Paymerang Named #1 Best Tech Startup in Richmond

Paymerang Named #1 Best Tech Startup in Richmond

We are proud to be named #1 Best Tech Startup in RVA by The Tech Tribune!

We are grateful for each and every one of our amazing team members and clients who makes our awesome company what we are today, and we look forward to our continued growth and success! Want to join our team? Check out all of our current openings here.

The Tech Tribune delivers the latest technology news, in-depth technology articles, and insights on the hottest technology startups all over the world. Their staff compiled the very best tech startups in Richmond, Virginia. In doing their research, they considered several factors including but not limited to:

  1. Revenue potential
  2. Leadership team
  3. Brand/product traction
  4. Competitive landscape

To see the full article and complete Top 10 list click here.

Paymerang CEO to Present at CPI Middle Market Summit

Commercial Payments International (CPI) connects the world’s top decision makers to discuss the latest developments in commercial cards and payments, share innovation and drive the industry forward. They do this through live events and interactive advisory boards that meet regularly throughout the year. Relationships forged at their events help the industry’s top executives meet today’s challenges and plan for the future.

Their annual summits take place in the US, Europe, Asia, and this year,  for the first time, Dubai, where they will focus on the Middle East and Africa.

Each summit offers an unrivaled opportunity for peer-to-peer networking, as well as discussion and debate about the latest legal, regulatory and technological developments in the commercial payments industry.

According to a recent survey from the National Center for the Middle Market, more than 70 percent of middle market companies reported improved year-over-year company performance. *

CPI provided an expanded Middle Market Summit program this year, reflecting on the growing opportunities to better serve this varied market segment.

Paymerang CEO, Nasser Chanda, was honored to present to an audience of over 100 senior-level industry delegates—representing over 50 leading organizations.
Middle market specialists from multinational and large regional banks as well as heads of middle market banking from local banks were in attendance. Financial
institutions of all types, consultants and key suppliers were also present at the summit.

Opportunities abound to provide cards and payments services that help these companies continue to thrive. Eliminating time consuming manual processes, addressing their cashflow needs, and transitioning them into the digital age are just some of the ways financial services can help with improving performance.

* Q4 2017 Middle Market Indicator (MMI) conducted by
the National Center for the Middle Market (NCMM)

To view the full presentation click here.

Don’t Settle for a Fractional Bank ePayment Solution

The world of electronic supplier payments is growing rapidly. Companies are making the transition to eliminate check writing and move to secure electronic payment (ePayment) platforms. The time savings, fraud prevention, and cost savings have already convinced many companies to outsource their accounts payable disbursements. Traditionally, banks have been the trusted adviser in this new world, but are they the best choice? Sending over some card payments, ACH transactions and wire transfers does not constitute a holistic ePayments solution. And yet, that is exactly what many companies are doing. Fractional bank solutions do not provide the best opportunity to transform your AP department. CFOs and Controllers should be asking the following questions:

  1. Will I still need to reconcile my accounts? 
  2. Do I need to open a line of credit to process my card payments?
  3. Who does all the work in enrolling new vendors after initial setup, and what level of service is provided to these vendors? 
  4. Will you make sure I am compliant with NACHA, OFAC and PCI? 

If the answer to any of these questions results in additional work for your AP department or does not mitigate your risk—a fractional bank solution is not in your best interests. A complete ePayment platform will allow you to gain operating efficiency, reduce or eliminate check writing, provide generous cash rebates, ensure compliance and protect your funds in the most secure environment possible. 

To learn more about a complete ePayment platform visit us here or contact us now [email protected]

Paymerang Volunteers at Habitat for Humanity Chesterfield ReStore

Paymerang Volunteers at Habitat for Humanity Chesterfield ReStore

Our team volunteered at the new Habitat for Humanity Chesterfield ReStore. Locations like this one help fund the building of affordable housing across the Greater Richmond area. We were able to help organize the store, sort donations for sale, assist in accepting donated items. Most importantly, we loved giving back to our community!

The Habitat ReStore is a retail outlet offering building and home improvement supplies for sale to the general public at greatly reduced prices. The new, gently used, and salvaged supplies are donated by individuals, contractors, and suppliers. Every purchase made at Chesterfield’s new ReStore supports the construction of Habitat for Humanity homes for members of the community.

Since its inception, Habitat has helped build over 400,000 homes for more than 2 million people around the world.

The Richmond Habitat chapter joined the affordable housing effort in 1986. Since then, they’ve built more than 300 homes for deserving families. Along with their partner families, generous volunteers, and donors, they have restored the hope and dignity that poverty housing often strips away. Paymerang is proud to be a part of their mission to bring people together to build homes, communities, and hope.

To learn more about Habitat for Humanity’s new Chesterfield ReStore location click here or to join our awesome team click here. 

 

Paymerang Hosts Financial Seminar for Employees

Paymerang Hosts Financial Seminar for Employees

Here at Paymerang we want the best for our employees. We believe that when employees are given the opportunity to learn and grow they will accomplish amazing things. We value our employees and want them to be successful both in the office and in their personal lives.

This week, we provided our employees the opportunity to learn more about financial wellness.

John Holcomb, a local Certified Financial Counselor who also manages a local Mortgage group led an in-office financial seminar. The seminar was based on topics requested by our team members.

Our team discussed: budgeting, savings, establishing credit and eliminating debt.

John came to us with over 20 years of industry knowledge in banking and mortgage operations. He was able to provide our staff with excellent tips and simple actions to take in order to secure a sound financial future.  Our staff was encouraged to actively participate in the discussion by asking questions and sharing their experiences. Many employees reported gaining a wealth of knowledge and feeling encouraged by having access to this type of training at work.

We are grateful to John for sharing his time and expertise leading this financial seminar and the opportunity to provide this service to our great employees!

Rethinking Checks’ Role In B2B Payments Friction

Rethinking Checks’ Role In B2B Payments Friction

Paymerang CEO, Nasser Chanda, recently spoke with PYMNTS about the evolution of B2B payments—in particular, the shift to electronic payments and the continuing role of traditional paper checks. Since our story began in 2010, we’ve had one simple goal in mind: to facilitate electronic supplier payments and make business payments easy, for payors and payees alike.

Paymerang recognizes that vendor relationships are the lifeblood of our clients’ businesses—happy vendors enable successful operations—and we do not want to disrupt that relationship long-term. We are flexible in working with vendors during the enrollment process, offering choice and ensuring that payment settlement is friction-less, whether by electronic payment or check. Typically, these suppliers recognize that their customers want to shift from paper checks to more secure and efficient methods of payment, such as a virtual card or ACH. Flexibility in working with vendors and persistence in settling payments has allowed Paymerang to keep vendors happy while achieving a world-class electronic payment acceptance over the years. Our payment network spans 70,000+ suppliers from coast to coast, with 75% receiving electronic payments over traditional checks.

You can view the full PYMNTS article “Rethinking Check’s Role in B2B Payments Friction”.

 

Aldrich Capital Partners Invests $26 million in Paymerang

Today was a red-letter day at Paymerang! At a special event that included Virginia Governor Ralph Northam, we announced that Aldrich Capital Partners made a $26 million growth investment in our company. This investment will help us grow organically and through acquisitions in the Procure-to-Pay space.

You can view the full press release here.

Governor Northam met the Paymerang team and shared his delight at the innovative work we are doing for our clients across the country within healthcare, education, media, manufacturing, services and banking. Our partnership with Aldrich Capital will allow us to invest aggressively in operations, new product development and marketing. This partnership will result in over 100 new jobs over the next five years within the highly valued Fin-Tech sector.

Nasser Chanda, CEO of Paymerang, stated that Aldrich is the right investment partner for Paymerang. “When I met Mirza Baig, founding partner of Aldrich Capital, I knew that he would support us as a true partner, interested in our vision,” he said. We will accomplish great things together for our employees, our clients and our market.

Baig echoed our CEO’s comments and added, “This the largest investment that we have made in the state of Virginia and we believe whole-heartedly in the Paymerang team.” He also praised Governor Northam for his efforts to stimulate economic growth, invest in education and create 21st century jobs.

We look forward to sharing more details about this exciting new venture with Aldrich Capital in upcoming blog posts.

Paymerang partners with AISNE for webinar

Paymerang is pleased to partner with AISNE to bring you an informational webinar, “Streamline Your Payments Process”. The webinar will be hosted by John Zaudtke, Vice President of Business Development at Paymerang. It will feature Michelle Mejiborsky from The Governor’s Academy.

Founded in 1763, the Governor’s Academy is a co-educational boarding and day preparatory school for grades 9-12 located in Byfield, Massachusetts. The academy is the oldest continuously operated boarding school in the U.S., with a 450-acre campus that houses extensive facilities for learning, athletics and the performing arts.

After experiencing a number of check fraud attempts, The Governor’s Academy began searching for a secure solution to pay their vendors and protect school assets. Paymerang’s services were recommended by a peer at a business officer round table. The idea of securely paying their vendors electronically, while creating efficiency and generating revenue, seemed like a no-brainer.

After completing a “super easy” implementation—one where Paymerang does most of the work—The Governor’s Academy has seen immediate benefits. They have been able to add an additional layer of fraud protection and have gained substantial efficiencies. Since time is no longer spent on printing, mailing and reconciling checks—their finance team is able to focus on more strategic tasks. Meanwhile, their vendors and faculty are thrilled to receive their payments in a timely and electronic fashion—all while earning valuable rebates for the school. It’s a win-win.

Paymerang is focused on making business payments easy. During this webinar attendees will learn about our platform, and also to hear from Michelle Mejiborsky regarding her experiences over the past four years partnering with Paymerang. This webinar is a great opportunity to learn how Paymerang can help your school simplify and streamline your payments while adding a layer of fraud protection and turning a profit.

 

Paymerang Mission Statement 

 

AISNE Mission Statement 

With an ongoing commitment to equity and inclusion, AISNE shapes the educational landscape for independent schools through leadership, education, service and strategic advocacy.

 

Paymerang presents at Cards and Payments On Campus Conference

 

This week Brian Cook, Senior Vice President of Higher Education with Paymerang, attended and presented at the 21st National Cards and Payments On Campus Conference hosted by Professional Development Group in Atlantic Beach, FL. Since 1986, PDG has planned and overseen conferences that are national in scope. Each year, they host a Student Loan Receivables Collection Conference, P-Cards on Campus Conference, and The College & University Bursar Conference. The National Cards and Payments on Campus Conference is an event built by Higher Education, for Higher Education. The conference is geared towards all skill levels for card & procure-to-pay programs from beginning to advanced. The conference gave attendees the opportunity to learn how they can avoid reinventing the wheel by learning from top experts in strategic spend management from both public and private institutions from across the country.

During Brian’s time with Paymerang, he has been involved with the selection and implementation of several electronic supplier payment and P-Card programs. Brian’s various roles within Paymerang and the payments industry have allowed him to personally speak with thousands of finance professionals who have experienced varying levels of success implementing B2B ePayments for Accounts Payable and the pain points they continue to face.

His presentation at the conference, B2B Payments on Campus; Past, Present and Future,  discussed the advent of white label banking options for software and cloud based organizations to deliver funds with large amounts of customized data to suppliers. A rapid evolution is taking place which is changing the payments landscape.. Companies are implementing a more automated, simple and secure process that benefits both the payor and payee. His presentation took attendees through time from where payments have been to where payments are heading in the next few years and how their campus can benefit from leveraging these advances in secure technology.

To see see the latest Paymerang events click here.