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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Regions Financial Corporation | NYSE:RF | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.05 | 0.25% | 19.83 | 19.88 | 19.74 | 19.81 | 7,888,569 | 01:00:00 |
Regions Bank is the first to launch this Commercial Card enhancement tool from Visa to help business clients maximize payment options through the mobile wallet.
Regions Bank on Tuesday announced the launch of Visa Commercial Pay Mobile, an enhanced commercial card solution from Visa, a world leader in digital payments, that allows Treasury Management clients to make quick, easy and secure payments from the convenience of a digital wallet. Regions is the first financial institution to make it available.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240305522878/en/
Regions Bank is announcing the launch of Visa Commercial Pay Mobile, an enhanced commercial card solution from Visa, a world leader in digital payments, that allows Treasury Management clients to make quick, easy and secure payments from the convenience of a digital wallet. Regions is the first financial institution to make it available. (Photo: Business Wire)
“A superior client experience is at the heart of our value proposition for business clients,” said David Lapaglia, head of Commercial Card Products and Strategy for Regions. “Visa Commercial Pay is the ideal complement to our already-enhanced selection of products and services. Visa understands financial-service providers deliver greater value when they give clients more convenience, along with more intuitive, time-saving solutions. We share in that vision, and by building on our digital wallet capabilities, Regions is reinforcing its commitment to helping our business clients grow and thrive.”
In 2022, Regions launched Visa Commercial Pay-Travel. This virtual commercial card solution can facilitate quick, easy and on-the-go business travel payments from a centralized travel-management vendor. With the launch of Visa Commercial Pay Mobile, business clients can now create virtual accounts to use for payments beyond travel expenses by using a mobile application. Virtual accounts can then be connected to a mobile wallet and used for payment in the following types of business transactions:
This enhanced solution allows businesses the convenience to issue virtual accounts to employees and monitor real-time updates on business expenses, all within the Visa Commercial Pay app. Visa Commercial Pay Mobile supports overall cash-management strategies that many businesses need to help reduce manual payment processing and optimize cash flow operations.
“The acceleration of digitization in B2B payments is rapidly transforming the needs and experiences of corporate clients. We are thrilled to offer top-tier services to Regions Bank and their clients, fostering growth and enhancing the customer experience for a variety of B2B payment use cases,” said Veronica Fernandez, senior vice president, regional head of North America, Visa Commercial Solutions.
Regions worked with Visa on functionality support for Visa Commercial Pay Mobile, including product development, pilot testing, product validation and associate training. It is the latest in a series of new Treasury Management products and services from Regions Bank. Those include:
In the coming months, Regions will launch RegionsCashFlowIQSM, a new tool that is being designed to help improve cash flow for clients by providing seamless accounts payable, accounts receivable, invoicing, and business bill payment capabilities for small and mid-sized businesses.
“Regions continues to envision payment solutions that meet the emerging needs of business clients,” said Bryan Ford, head of Treasury Management for Regions Bank. “At a time when businesses want more technology tools to manage their cash flow, Visa Commercial Pay Mobile provides greater options for payment needs. We appreciate the collaboration with Visa to make this solution possible, and we are proud that Regions is leading the way in being the first to offer it in the marketplace.”
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $152 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,250 banking offices and more than 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240305522878/en/
Jennifer Elmore Regions Bank (334) 240-1220 Regions News Online: regions.doingmoretoday.com
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