White Paper

How banks win corporate payments market share

Summary

A partnership with CSI provides banks with a distinct competitive advantage and the ability to capture market share in one of the most dynamic sectors within the world of financial services: corporate payments.

Whether through the software licensing of CSI’s platform (white-labeling) or a referral partnership, banks gain the ability to go to market quickly with a fully supported, end-to-end electronic payments program.

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  • "CSI offers a turnkey, end-to-end solution that allows banks to immediately offer an integrated payables solution with no investment and no integration necessary."

    David Disque Managing Director, CSI

The Market Need

While banks have mastered the traditional payment services that businesses need, i.e. checking accounts, ACH and wire transfers, as well as the issuance of corporate credit cards, these conventional offerings have remained largely unchanged for decades.

Lacking a focus on innovation, banks often do not have the ability to rapidly develop offerings built on more modern technology. Further, electronic payment solutions are costly to launch, implement and support, and many financial institutions – particularly regional and community banks – may not have the budget or resources to independently support such programs.

Research shows a growing demand among businesses for more innovative electronic payment offerings that have proven their value for delivering increased security, efficiencies, savings and new revenue streams. For example, according to RPMGi, electronic accounts payable solutions are expected to experience a 69% growth rate from 2014-2018.

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Benefits of the CSI accounts payable system

No Cost

Our small admin fee is offset by the revenue you’ll earn, resulting in a no-cost enterprise solution.

Secure

Single-use virtual card numbers become invalid once the transaction is complete, eliminating the risk of stolen card numbers or lost checks.

New Revenue

Earn monthly cash back rewards based on virtual card spend, generating new revenue just by paying your bills.

Greater Efficiency

CSI Paysystems automates payments, mirroring existing workflow processes while eliminating the risk of manual errors.

Integrated

Easily integrates with existing ERP or accounting system to simplify reconciliation and save staff time.

Fully Supported

CSI handles 100% of the initial vendor enrollment and will fully train and support your team with our award-winning customer service.

Still have questions? Call 866-998-0437 and speak with a certified AP expert today or schedule a demo.