Pacific Mercantile Bank Helps Companies Reduce Payment Processing Costs with eConnect Pay
Pacific Mercantile Bancorp (PMBC)
Last pacific mercantile bancorp earnings: 4/30 04:30 pm
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Source: GlobeNewswire
COSTA MESA, Calif., May 24, 2018 (GLOBE NEWSWIRE) -- Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ:PMBC), today announced the introduction of eConnect Pay, an end-to-end accounts payable and payments solution for mid-sized businesses. A significant advancement in cash management efficiency, eConnect Pay automates invoice and payment processing by integrating with a company’s accounting system while processing check, ACH and credit card payments directly with Pacific Mercantile Bank. “The accounts payable function for most businesses is a highly inefficient process requiring significant manual labor to enter invoices, chase approvals, wait for authorizations and track payments,” said Paul Happach, Senior Vice President and Senior E-Channel Product Manager at Pacific Mercantile Bank. “With eConnect Pay, Pacific Mercantile puts an end to the manual nature of accounts payable by automating the entire invoice-to-payment process
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