Cross River Bank and Fintainium Partner to Offer Payment Services to Small Businesses

Cross River Bank and Fintainium have recently formed a strategic partnership to provide payment services to small businesses. This collaboration aims to enhance Fintainium’s offerings by granting its business clients access to automated clearing house (ACH), push-to-card, and check processing with fraud prevention enabled by Cross River Bank.

The Benefits of the Collaboration

Fintainium’s Chief Operating Officer, Neal Hurt, expressed his excitement about the partnership, stating that Cross River Bank’s payment suite allows Fintainium to provide end-to-end merchant payment solutions and deliver a first-class experience to their customers. The collaboration will empower businesses with faster B2B payment capabilities, streamlining operations and enhancing financial agility.

About Fintainium

Fintainium is a FinTech company that focuses on providing solutions to small and medium-sized enterprises (SMEs). Their platform offers a range of products, including national and international money movement, workflow automation, accounting, and reconciliation automation. Through their partnership with Cross River Bank, Fintainium can expand its offerings and provide comprehensive financial solutions to its clients.

About Cross River Bank

Cross River Bank is a technology and FinTech company that specializes in integrated payment, card, and lending solutions for technology companies in the FinTech industry. The partnership with Fintainium aligns perfectly with Cross River Bank’s commitment to delivering innovative financial solutions. The collaboration will enable both companies to leverage their expertise and provide secure, compliant, and efficient payment services to businesses.

The Shift Towards Modern Payment Systems

According to PYMNTS research, merchants are rapidly replacing legacy payment systems with more modern alternatives. B2B companies are reducing their reliance on checks and investing in new accounts receivable (AR) and accounts payable (AP) systems. This shift highlights the need for modern payment systems to meet customer demand.

Partnerships by Cross River Bank

Cross River Bank has also announced partnerships with other companies. They have teamed up with payments.io to provide flexible payment solutions for the real estate industry. Additionally, they have partnered with Finclusive to offer financial services to underserved communities and organizations. Cross River Bank’s collaboration with pay.com aims to help this UK-based company expand its automated payment platform to the United States.

Conclusion

The partnership between Cross River Bank and Fintainium brings together two companies that are committed to delivering innovative financial solutions to businesses. With Fintainium gaining access to Cross River Bank’s payment suite, they can offer end-to-end merchant payment solutions and provide a first-class experience to their customers. This collaboration also enables businesses to streamline operations and achieve greater financial agility through faster B2B payment capabilities. As the industry moves towards modern payment systems, partnerships like this one are crucial in meeting evolving customer demands.

Expanding Financial Solutions Through Strategic Partnerships

Collaborations and partnerships play a crucial role in the ever-evolving financial landscape, allowing companies to leverage each other’s strengths and provide enhanced solutions to their clients. The partnership between Cross River Bank and Fintainium is a prime example of how strategic collaborations can drive innovation and meet the evolving needs of small businesses.

By joining forces with Cross River Bank, Fintainium gains access to a comprehensive payment suite that includes automated clearing house (ACH), push-to-card, and check processing with fraud prevention capabilities. This partnership enables Fintainium to offer end-to-end merchant payment solutions, providing a seamless payment experience for its business clients.

Small and medium-sized enterprises (SMEs) often face numerous challenges when it comes to managing their finances. Cash flow management, payment processing, and fraud prevention can be complex tasks that require specialized knowledge and resources. Through the partnership with Cross River Bank, Fintainium can now offer a broader range of financial solutions to help SMEs overcome these challenges.

One of the key benefits of this collaboration is the speed and efficiency it brings to B2B payment processes. With faster payment capabilities, businesses can streamline operations, reduce payment processing times, and improve overall financial agility. This allows business owners to focus more on growing their business and less on administrative tasks.

The shift towards modern payment systems is a clear indication of the changing landscape in the financial industry. Legacy payment systems, such as checks, are gradually being replaced by more innovative and efficient alternatives. By partnering with Cross River Bank, Fintainium positions itself at the forefront of this trend, ensuring that its clients have access to the latest payment technologies and solutions.

In addition to their partnership, Cross River Bank has formed collaborations with other companies to expand their offerings and reach. These partnerships cater to various industries, such as real estate and underserved communities, and underline Cross River Bank’s commitment to providing secure and compliant financial services.

As the financial industry continues to evolve, collaborations and partnerships will play a vital role in driving innovation and meeting the changing needs of businesses. Companies that can offer comprehensive, integrated financial solutions through strategic collaborations will have a competitive edge in the market.

Summary

Cross River Bank and Fintainium have partnered to offer payment services to small businesses. The collaboration enables Fintainium to provide end-to-end merchant payment solutions, leveraging Cross River Bank’s payment suite. This partnership allows businesses to achieve greater financial agility through faster B2B payment capabilities. The shift towards modern payment systems emphasizes the need for innovative financial solutions, and partnerships like this one drive innovation in the industry. Collaborations and partnerships play a crucial role in meeting the evolving needs of businesses and driving the growth and success of the financial industry.

cross river bank and fintainio have partnered to offer payment services to small businesses.

He collaboration will enable Fintainium to offer its business clients access to automated clearing house (ACH), push-to-card, and check processing with positive payment fraud prevention enabled by Cross River Bank, the companies said in a news release from the Wednesday (June 21).

“Their payment suite allows us the flexibility to provide end-to-end merchant payment solutions and deliver a first-class experience to our customers,” said Fintainium’s COO. neal hurt he said in the statement.

Fintainium offers FinTech solutions to small and medium-sized enterprises (SMEs), providing a platform that includes national and international money movement products and workflow, accounting and reconciliation automation, according to the statement.

The company’s new partner, Cross River Bank, provides technology and fintech companies with integrated payment, card and lending solutions, according to the statement.

“Cross River’s experience in providing secure, compliant and efficient payment services aligns perfectly with Fintainium’s commitment to delivering innovative financial solutions,” Cross River Head of Payments keith vander leest he said in the statement. “Together, we will empower businesses with faster B2B payment capabilities, allowing them to streamline operations and achieve greater financial agility.”

PYMNTS research found that merchants are rapidly replacing legacy payment systems with more modern alternatives.

On the B2B side, companies are making as little as 25% of their B2B payments by check and are investing in new accounts receivable (AR) and accounts payable (AP) systems, according to “Merchants need modern payment systems to meet customer demand”, the April issue of the “B2B and Digital Payments Tracker®”, a PYMNTS and amexpress collaboration.

For their dealings with consumers, businesses are enhancing their digital payment capabilities, with 65% of non-grocery retailers, 56% of convenience stores and 55% of grocery stores incorporating additional payment methods, according to the report.

In some other partnerships announced by Cross River Bank, the firm has partnered with payments.io provide flexible payment solutions for real estate industry, with finclusive to provide financial services to underserved communities and organizations, and based in the UK pay.com to help that company expand its automated payment platform to the United States.

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