Paymerang announces partnership with Community Bankers’ Bank. This partnership will provide Paymerang’s best-in-class electronic payables solution to CBB’s client community banks and their commercial customers. With Paymerang, community banks will be able to automate their accounts payable disbursements, making them more efficient, secure and profitable.
“We are excited to welcome CBB’s banks to our growing list of clients,” said Paymerang CEO, Nasser Chanda. “Community banks today are facing intensifying competition from larger banks and continued regulatory demands. By outsourcing their AP processing to Paymerang, they can focus on managing their core business and taking care of their customers. By also making Paymerang available to their commercial clients, community banks can compete against larger Fintechs and national banks. It’s a double win.”
“CBB’s mission is to deliver continuous innovation and outstanding value to community bank clients through the economies of scale that we create,” said Billy Beale, President and CEO at CBB. “We are thrilled to bring Paymerang’s world-class ePayables platform to our banks. It’s a game changer in terms of the operational efficiency and incremental revenue it creates for the banks and their clients. With growing competition and heightened security risks in the community banking sector, Paymerang is a timely solution. We are already seeing strong interest.”
To read the full press release click here.