Citizens Bank has selected payments technology company Transactis to expand its Treasury Solutions offering with electronic billing and payment solutions.
This new capability will enable Citizens’ commercial clients to distribute bills to their customers electronically and accept payments online.
As the need for more efficient payments solutions has expanded, Citizens has worked to further enhance its treasury offerings. Incorporating the cloud-based Transactis platform will enable Citizens’ thousands of commercial clients, which range from small businesses to Fortune 500 companies, to rapidly and securely send electronic bills and documents, and accept payments via web sites, phones and mobile devices.
“Citizens is committed to providing our clients with leading treasury management solutions. This technology will allow us to offer our customers advanced, high-quality billing and payment services to help them run their businesses more efficiently,” said Michael Cummins, head of Treasury Solutions at Citizens Bank.
Citizens’ clients will be able to configure the platform so they have control over how they are paid, helping to automate their receivables and streamline operations.
“Both consumers and businesses increasingly prefer viewing and paying their bills through digital channels,” said Transactis CEO Joe Proto. “We look forward to working with Citizens to make sure their commercial clients have the best electronic billing and payment services available.”
Citizens is a trusted strategic and financial advisor, consistently delivering clear and objective advice. The Citizens Commercial Banking approach puts clients first by offering great ideas combined with thorough market knowledge and excellent execution to help our clients enhance their business and reach their potential.