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Fifth Third signs referral deal with Viewpost

12 May 2015  |  2412 views  |  0 Source: Viewpost

Viewpost North America (Viewpost) today announced a collaboration with Fifth Third Bancorp. Fifth Third’s middle market customers will be introduced to Viewpost by referral.

In addition to securely connecting their bank account to the Viewpost network, customers will connect with trading partners to exchange electronic payments and invoices with unprecedented speed and efficiency, as well as arrange early payment discounting. This partnership further expands a singular effort by Viewpost to make everyday business simple, electronic and fast for businesses of all sizes.

“We're pleased to collaborate with Fifth Third,” said Max Eliscu, Founder and CEO of Viewpost. “Much of my career has focused on financial services working with Middle Market businesses, so I’ve come to understand, with deep insight, the barriers and inefficiencies they face when sending and receiving invoices and payments. Joining our network will allow them to eliminate these inefficiencies while improving their supplier and customer relationships.”

Fifth Third will make this network available to existing customers to further advance optimization of payments. The Viewpost network will enable them to securely connect with any trading partner to send, receive and manage electronic invoices and payments. To date, over $24 Billion in payables data has been exchanged over Viewpost.

“Fifth Third is pleased to bring an innovative solution to our customers looking to improve their payment experience,” said Randy Koporc, EVP and head of Payments and Commerce Solutions at Fifth Third. “We are pleased to be one of the first banks to collaborate with Viewpost in this way. Their unique approach to electronic payments and invoice management provides a solution to midsized businesses that the market has been lacking.”

In September of 2014, Fifth Third announced the formation of the Payments and Commerce Solutions division. The new division was created to rethink the payment and commerce experience with innovation that delivers greater value to customers.

Viewpost offers a secure network that eliminates the usual barriers to adoption, such as cost complexity, incentive and lack of technological resources. Connecting to the network and using the service requires no purchase of new software or hardware, no consumption of IT resources, and no change to existing business processes. 

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