Finexio Partners with Cass Information Systems, Inc. to Serve Rapidly Growing B2B Payment Market
January 03, 2019 at 02:00 pm IST
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Finexio announced it has partnered with Cass Information Systems, Inc. to provide sophisticated financial exchange services to Finexio and its clients. These services, which are supported by Cass subsidiary Cass Commercial Bank, include funds management, transaction processing, ACH and check processing, and financing solutions. This partnership leverages Cass' 110 years in business and 60-year history in B2B payments, as well as its annual processing volume of $50 billion.
Cass Information Systems, Inc. is a provider of integrated information and payment management solutions. The Company enables enterprises to control their supply chains, communications networks, facilities and other operations. Its segments include Information Services and Banking Services. The Information Services segment provides transportation, energy, telecommunication, and environmental invoice processing and payment services to large corporations. In addition, this segment provides church management software and on-line generosity services primarily for faith-based ministries. The Banking Services segment provides banking services primarily to privately held businesses, franchise restaurants and faith-based ministries, as well as supporting the banking needs of the Information Services segment. The Company's bank subsidiary, Cass Commercial Bank, supports its payment operations. The Company offers various loans, including Commercial Real Estate (CRE) and Faith-based CRE.