BRIDGEPORT, Conn., Oct. 6, 2020 /PRNewswire/ -- People's United
Bank, N.A. a subsidiary of People's United Financial, Inc. (NASDAQ:
PBCT) announced it continues to expand its Treasury Management
offering by partnering with Transactis, a Mastercard company, to
deliver digital Accounts Receivables capabilities that replace
traditionally paper-based processes. With the Accounts Receivables
solution, People's United Treasury Management clients can provide
their customers the option to deliver bills and receive payments
through one simple to navigate digital experience.
"Our clients have been increasingly requesting digital-centric
technology designed to enrich the experience for their customers,
provide a differentiated level of service, and eliminate
inefficiencies associated with paper bills and checks," said
Cris Sigovitch, SVP Treasury
Management, People's United Bank. "In addition, this
solution can help to streamline collection channels, reduce costs,
ensure on-time payments, and improve payment posting."
Through digital Accounts Receivables, businesses can automate
receivables, improve cash flow and configure the platform to
maintain direct control over how they are paid. With flexible
payment options, including multiple methods (ACH, Credit/Debit, and
alternative methods) and a variety of digital channels (web, IVR,
CSR, text and mobile wallet), businesses offer their customers
greater control and transparency in how they manage their bill
payments, improving the overall customer experience. The enhanced
messaging capabilities of the platform also help businesses keep
their customers up to date with critical information.
"We are delighted to partner with People's United to help
enhance the customer experience with increased speed and ease of
use through our leading digital billing and payment solution," said
Joe Proto, CEO, Transactis. "Using
our Accounts Receivables solution, People's United will further
strengthen their relationship-based approach to service through a
unique combination of best-in-class technology and banking
expertise."
In addition, People's United Treasury Management recently
partnered with FIS and MineralTree to bring to market two AP
Automation solutions to deliver simple, secure digital
capabilities for Commercial Banking clients. These additions
are part of People's United's strategy to augment the overall
client experience through the continued expansion of personalized
technology across business lines.
People's United's Treasury Management team provides direct
support to the Bank's commercial and small business clients through
their tailored cash management and commercial card solutions.
From maximizing working capital and processing payments faster, to
enhancing operational efficiency and controlling risk, the Treasury
Management team's goal is to help clients effectively manage their
financial needs to achieve long-term success.
About People's United Bank
People's United Bank, N.A.
is a subsidiary of People's United Financial, Inc., a diversified,
community-focused financial services company headquartered in the
Northeast with more than $61 billion
in assets. Founded in 1842, People's United Bank offers commercial
and retail banking through a network of over 400 retail locations
in Connecticut, New York, Massachusetts, Vermont, New
Hampshire and Maine, as
well as wealth management and insurance solutions. The company also
provides specialized commercial services to clients nationwide.
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SOURCE People's United Bank