BIRMINGHAM, Alabama – August 7, 2023 – Regions Bank has announced the latest enhancement to its digital solutions that enable business clients to manage customer billing and communications via Regions Treasury Management.
This newest solution is powered by Mastercard, as well as Nordis Technologies. It enables clients – ranging from small businesses to major employers – to streamline electronic bill presentment and payments. Here’s how it works:
• Regions clients can already enroll in BillerXchange, which is the bank’s electronic bill presentment and payment solution powered by Mastercard to automate bill presentment. Further, this solution enables companies to accept online payments and enhance their customer experience.
• Now, these clients will also have access to the patented Expresso customer communications management software. This is enabled by Nordis Technologies to help Regions clients create, deliver and track communications to initiate payments from their customers. These communications can be delivered via text, email or print – whichever works best for the Regions client and their customer.
“At Regions, we are committed to delivering the resources our business clients need to accelerate cash flow and improve overall cash management,” said Bryan Ford, head of Treasury Management for Regions Bank. “At a time when business clients often need to do more with less, automation and technology provide efficient alternatives to the manual process of billing and receivables. This, in turn, helps companies focus more on customer service and product development, while we step in and make their cash flow simpler. Our team in Regions Treasury Management is proud to expand service capabilities with BillerXchange and Nordis Technologies to help our clients digitally transform, automate and consolidate their payment receivables process from start to finish.”
The integrated, omnichannel solution allows clients, ranging from healthcare and professional services sectors to real estate, manufacturing, distribution, wholesale industries and more, to manage the entire lifecycle of accounts receivable from a single integrated platform. For clients not enrolled in BillerXchange, Regions provides the option to use Expresso digital, print production and mail services as a separate add-on solution to meet their communications needs.
“Nordis Technologies is proud to provide businesses greater choice and convenience with a range of options for communications and payments,” said Ronnie Selinger, founder and CEO of Nordis Technologies. “It is a proven path for increasing customer engagement and satisfaction and lowers barriers to payments. We are proud to support Regions Bank and Mastercard with this enhanced solution.”
The solution is just the latest in a series of new Treasury Management products and services from Regions Bank. In the past year, Regions launched a virtual commercial card solution to facilitate quick, easy and on-the-go business travel payments for clients. Additionally, Regions launched another digital solution enabling Corporate Banking clients to send real-time payments through the RTP network from The Clearing House. The new real-time payments service is part of Regions’ iTreasury platform, which offers a wide range of competitive financial management options for businesses through the bank’s Treasury Management division.