Under the agreement, Fifth Third will offer CollectPay to its commercial clients, which include telecommunications, cable, healthcare, utility, receivables management, public funds, and other businesses. The service will complement the Bank’s suite of cash management services, by enabling clients to offer their customers multiple electronic payment options, and minimize their payment processing costs.
Patrick Moore, senior vice president and director of treasury product management at Fifth Third Bancorp, said: We partnered with Online Resources because they understand the importance of offering solutions tailored to our clients’ business operations. We pride ourselves on delivering best-of-breed technology to help our business customers meet critical treasury management goals, and Online Resources’ payment solutions complement our suite of Treasury Management products and services.
