New EBPP platform combines speed, simplicity,
and security to empower wholesale payments clients with a modern
and flexible payment experience
CHARLOTTE, N.C., Oct. 18,
2024 /PRNewswire/ -- Truist Financial Corporation
(NYSE: TFC) today announced a new solution designed to empower its
wholesale payments clients with greater control and efficiency over
their billing and payment operations. The bank's Electronic Bill
Presentment and Payment platform will provide a modern approach to
managing payments, streamlining operations, improving client
satisfaction and driving growth.
The new platform allows businesses to accelerate cash flow with
faster payment processing, simplify operations with automated
workflows and enhance security with robust fraud
prevention tools. By automating tasks like invoicing and payment
reconciliation, Truist clients can free up valuable time and
resources to focus on serving their clients and growing their
business.
Truist's EBPP solution — which will be available Nov. 1 to all commercial and corporate clients,
and the consumers they serve — is highly adaptable and designed to
benefit a wide range of organizations, from utilities and financial
services providers to healthcare organizations and municipalities.
For payers, it provides numerous flexible payment options — from
online and mobile to text, digital assistant and Intelligent Voice
Response (IVR). For billers, EBPP streamlines operations, reduces
billing costs and delivers innovative payment experiences.
"As payers increasingly expect digital payment channels,
businesses need payment solutions that are secure, efficient and
seamlessly integrated into their operations," said Truist Head of
Enterprise Payments Chris Ward. "Our new Electronic Bill
Presentment and Payment solution helps clients achieve their
electronic collection objectives by offering a safe, simple and
quick way to accept payments through multiple channels."
Truist's EBPP solution offers a comprehensive suite of
features designed to:
- Optimize and automate operations: Streamline billing and
payment processes to reduce manual effort, minimize errors and
accelerate cash flow.
- Enhance the client experience: Offer a modern and
convenient payment experience with online, mobile and text payment
options, all accessible through a customizable portal.
- Gain financial control: Track payments in real-time,
monitor payment history and generate detailed reports.
- Strengthen security: Protect sensitive data with robust
security measures.
Learn more about Truist's EBPP solution: How to manage
commercial accounts receivables and accept payments.
About Truist
Truist Financial Corporation is a
purpose-driven financial services company committed to inspiring
and building better lives and communities. As a leading U.S.
commercial bank, Truist has leading market share in many of the
high-growth markets across the country. Truist offers a wide range
of products and services through our wholesale and consumer
businesses, including consumer and small business banking,
commercial banking, corporate and investment banking, wealth
management, payments, and specialized lending businesses.
Headquartered in Charlotte, North
Carolina, Truist is a top-10 commercial bank with total
assets of $523 billion as of
Sep. 30, 2024. Truist Bank, Member
FDIC. Learn more at Truist.com.
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SOURCE Truist Financial Corporation