P&H's Web Cash Manager product will be integral to Silicon Valley Bank's replacement system, and the bank will take advantage of P&H's automated conversion services to move customer data from its current system. Web Cash Manager will provide Silicon Valley Bank with flexible electronic payment services allowing them to provide their small business and medium-sized business clients with the same leading solution being used at major competitors.

"Silicon Valley Bank has a reputation for working closely with their customers, and their commitment to the success of their clients mirrors P&H's philosophy of building strong relationships and understanding the banking needs of diverse markets," says Ralph Dangelmaier, P&H President. "P&H is pleased with this opportunity to work with Silicon Valley Bank to deliver a robust, scalable cash management solution that is a proven leader in the industry. Silicon Valley Bank's customers will benefit greatly from the experience and expertise of both teams."