MIAMI--(BUSINESS WIRE)--DadeSystems, a provider of next generation payment processing solutions, today announced that Customers Bank has selected its DadePay AR Automation solution to expand and enhance its payment processing strategy. Headquartered in Wyomissing, PA, Customers Bank is $7.1 billion, full-service community bank serving small- and medium-sized businesses, professionals, individuals and families throughout Pennsylvania, New York, Rhode Island, Massachusetts and New Jersey.
Customers Bank will replace two legacy RDC systems with DadeSystems’ next generation DadePay solution. DadePay is a single application built on the latest technology that can efficiently process C2B and B2B payments. The application is a true, multi-payment platform supporting all payments forms and can be accessed from any popular browser and both the Apple iOS and Android mobile platforms. The application goes beyond today’s RDC platforms by providing sophisticated AR Automation capabilities including full support for the most complex B2B payments.
“We were very impressed with the advanced capabilities of DadePay,” said Robert J. Diegel, Deputy Chief Administrative Officer. “This solution will provide immediate efficiencies to our current RDC service as well as providing a new platform on which we can quickly deliver innovative new Virtual Lockbox and AR Automation services to our business customers. No other vendor offered a single application that covered such a wide spectrum of functionality, running on today’s latest technology.”
“Customers Bank is well known in the industry for its 'high tech, high touch' business philosophy to enhance the customer experience,” said DadeSystems President and CEO Bill Zayas. “We are pleased that they immediately saw the architectural advantages of our DadePay AR Automation system over both of their existing systems and made the decision to replace them with our integrated offering. We look forward to working with Customers Bank to incorporate DadePay into their innovative customer service strategy.”
About Customers Bancorp, Inc. and Customers Bank
Customers Bancorp, Inc. is a bank holding company in Wyomissing, Pa., engaged in banking and related businesses through its bank subsidiary, Customers Bank. Customers Bank is a community-based, full-service bank with assets of approximately $7.6 billion. A member of the Federal Reserve System and with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal housing lender that provides a full range of banking services to small- and medium-sized businesses, professionals, individuals and families through offices in Pennsylvania, New York, Rhode Island, Massachusetts and New Jersey. Committed to fostering customer loyalty, Customers Bank uses a High Tech/High Touch strategy that includes use of industry-leading technology to provide customers better access to their money, as well as Concierge Banking® by appointment at customers’ homes or offices 12 hours a day, seven days a week. Customers Bank offers a continually expanding portfolio of loans to small businesses, multi-family projects, mortgage companies and consumers. Customers Bancorp, Inc. is listed on the NYSE under the symbol CUBI. Additional information about Customers Bancorp, Inc. can be found on the company's website, http://www.customersbank.com.
DadeSystems provides advanced payment processing solutions to financial institutions, wholesalers, distributors, property managers, healthcare providers, insurance companies and other organizations with complex payment system environments.
The company’s flagship offering, DadePay, is an integrated suite of payment processing solutions that leverages next-generation technology to accelerate payment processing speed, increase operational efficiency, eliminate unnecessary fees and dramatically improve cash collection. Supported by its team of industry professionals, DadeSystems delivers the technology and expertise organizations need to successfully navigate today’s complex payment systems environment and ultimately, improve their bottom line. For more information, visit: www.DadeSystems.com.