People’s United Bank, N.A., a subsidiary of People’s United Financial, has expanded its Treasury Management Payment offering, partnering with FIS and MineralTree to bring to market two best-in-class AP Automation solutions that will replace traditionally paper-based processes with simple, secure digital capabilities for Commercial Banking clients. These additions are part of People’s United’s strategy to augment the client experience through the continued expansion of personalized technology across business lines.
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“We are excited to be working with two industry-leading providers to bring the value of their solutions to our clients and to change the way they make payments through automated technologies. We remain focused on forming strategic partnerships with Fintech companies and making continued investments that enhance the Treasury Management client experience,” said Cris Sigovitch, SVP Treasury Management, People’s United Bank. “These technologies are also critical elements to client business continuity planning and enabling Accounts Payable teams to effectively carry out their responsibilities particularly during this difficult time.”
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Through FIS’s Integrated Payables solution, clients can access a cloud-based payments platform that accepts payment files from an existing ERP system and executes AP payments through designated bank accounts, including virtual card, ACH, wire or check. Integrated Payables helps transform Accounts Payable operations by streamlining processes, reducing costs, increasing revenue, and mitigating fraud risk.
“We are pleased to expand our long-term relationship with People’s United to help the Bank enhance the customer experience through increased speed and ease of use through our sophisticated digital payment solutions,” said Mike Kresse, Division Executive of Card & Money Movement at FIS.
