TITLE

Firms Go to Works On Business Payments

AUTHOR(S)
Kite, Shane
PUB. DATE
February 2005
SOURCE
Bank Technology News;Feb2005, Vol. 18 Issue 2, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the collaboration between SunTrust Banks Inc., Commerce Bank, Intrust Bank NA with Works Inc. in Austin, Texas. Purpose of the deal to increase the financial companies' commercial card business by automating payment and expense accounts for local corporate customers; Aim of the bank to seek greater percentage of merchant fee revenue and penetration of the overall commercial card business; Aid of Works in automating the payment software of the banks that can provide corporate purchasing and expense departments.
ACCESSION #
16176344

 

Related Articles

  • SunTrust pulls off smooth merger of its far-flung card operations. Meece, Mickey // American Banker;11/3/1993, Vol. 158 Issue 211, p16 

    Reports on SunTrust Banks Inc.'s consolidation of credit card operations into SunTrust Bankcard in Orlando, Florida. Ramifications in other parts of the company; Number of cardholders; Consolidation's effect on customers; Pricing strategy; Outsourcing arrangement.

  • SunTrust sets up an Atlanta division to centralize all kinds of remote banking. Power, Carol // American Banker;6/26/1997, Vol. 162 Issue 122, p16 

    Reports on the formation of SunTrust On-Line, a SunTrust Banks Inc. division in Atlanta, Georgia, to handle the company's remote banking activities. Centralization of PC banking, Internet banking, and call-center activities.

  • SunTrust takes on MBNA in race for stock car fans, issuing Daytona USA card. Quittner, Jeremy // American Banker;7/10/1996, Vol. 161 Issue 130, p18 

    Reports that Daytona USA MasterCard is being issued by SunTrust BankCard comarketed with Daytona USA, a motor sports entertainment center located on the grounds of the Daytona International Speedway in Florida. Competition with MBNA Corp.'s Nascar MasterCard program; Characterization of stock...

  • SET is ready, are banks and merchants? O'Sullivan, Orla // ABA Banking Journal;Jan1997, Vol. 89 Issue 1, p57 

    Focuses on the secure electronic transaction protocols which enable credit card purchases over the Internet. Advantages of the system; Cost of this type of technology.

  • Infrastructure ready, but the waiting has just begun. Kutler, Jeffrey // American Banker;9/30/1996, Vol. 161 Issue 187, p14 

    Reports on credit card transaction processing companies' development of systems on the Internet. KeyCorp's KeyNN Web site; Growth in interactive transactions as projected by Killen & Associates, provider of research to banks and other electronic commerce; Vital Processing Services' Cybercash.

  • SunTrust Named United Way Global Corporate Leadership Partner.  // Tennessee Tribune;8/11/2011, Vol. 22 Issue 32, p1C 

    The article announces that SunTrust Banks Inc. recieves a corporate gift of 2.88 million dollars from the Sun Trust Foundation after it has been naed a United Way Global Corporate Leadership Partner by United Way Worldwide.

  • Commerce e-commerce.  // Business News New Jersey;02/01/99, Vol. 12 Issue 5, p3 

    Comments on the online banking service of Cherry Hill, New Jersey-based Commerce Bank. Ranking among banks that offer online service; Percent of customers who use the Web to connect to the bank; Abandonment of Web advertising slogan using URL.

  • SunTrust delves into hedge fund sales. Wagley, John // Bank Investment Consultant;Mar2000, Vol. 8 Issue 3, p15 

    Focuses on the efforts of SunTrust to join with banks offering hedge fund products in the United States. Interest to advance asset management; Goal of hedge funds-non-traditional investments; Partnership of the company with Alpha Investment Management; List of banks offering hedge products;...

  • MC Snatches SunTrust From Visa. Wolfe, Daniel; Lowe, Frederick H. // American Banker;1/15/2010, Vol. 175 Issue F302, p1 

    The article reports on a 2010 decision from SunTrust Banks Inc. to choose Mastercard Inc. to be its debit partner. In doing so, SunTrust replaced Visa Inc., which had been its previous debit partner. A discussion of the factors, including better pricing and more financial incentives, which led...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics