- WaFd Bank Partners with Fiserv:
- US-based WaFd Bank has collaborated with Fiserv to deploy a new digital payment and cash flow management solution for its small business customers.
- The bank, headquartered in Seattle, has chosen Fiserv’s CashFlow Central solution to simplify and streamline billing and payment processes for its customers.
- WaFd Bank, formerly known as Washington Federal, offers various banking services tailored to small businesses, including current and savings accounts, credit and payroll services, inventory systems, and customer engagement tools.
- CashFlow Central allows small businesses to send electronic invoices, accept payments through ACH transfers and credit cards, and pay billers and suppliers via bank accounts or credit cards. It also supports additional options for expense management, card issuing, and merchant services.
- Matt Wilcox, president of digital payment solutions at Fiserv, highlights that CashFlow Central enables WaFd Bank to take a holistic approach to serving their small business clients, helping them streamline operations and improve cash flow.
- The solution is a result of Fiserv’s partnership with B2B payments-as-a-service platform provider Melio, announced in October, and is expected to be integrated into its treasury management offering in Q4 2024.
