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Superior Press , a treasury management solution provider for commercial banks, is acting on that need. Earlier this month, the company announced a buyback program to help financial institutions (FIs) trade in their broken RemoteDepositCapture (RDC) tools for an upgrade.
The solutions include ACH, accounts receivable, remotedepositcapture, compliance, auditing and other tools, the company noted, adding that it plans to augment its offering by adding real-time payments, corporate treasury services, mobile banking and other finserv tools for users.
“The traditional corporate banking customer relationship is changing,” reflected Horicon Bank Vice President of Treasury Management Bob Van Kirk in a statement. The AR solution also supports payment acceptance across channels, including online, mobile, in-person and others.
For the receivers of those checks, there’s another major argument in favor of the clunky, manual and insecure payment rail, according to Deluxe Treasury Management Solutions Vice President Gary Cawthorne. According to Cawthorne, banks are really perking up to small businesses’ (SMBs) needs in treasury management.
The historically fragmented nature of disparate services and payment solutions, ranging from credit cards to ACH to mobile payments to lockbox and remotedepositcapture is a driving force in corporate banking clients’ desire for truly integrated receivables solutions.
Dave Wilson, founder and chief architect at DadeSystems , said that legacy remotedepositcapture systems only solve the first part of the equation. Cooke said this could encourage businesses to take that next growth step and go global, or provide an entry point for existing global players to consider working with the startup.
Dave Wilson, Founder and Chief Architect at DadeSystems , says legacy remotedepositcapture systems only solve the first part of the equation. Cooke said this could encourage businesses to take that next growth step and go global, or provide an entry point for existing global players to consider working with the startup.
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