Partnerships / Acquisitions

Viewpost Inks Partnership With Bank of America

Viewpost, the financial tech company, has revealed a partnership with Bank of America, enabling small business customers of Bank of America to get paid quicker and more efficiently.

The partnership was inked in Dec. 2015 but is only now being made public. The agreement gives more than 3 million small business owners who have a Bank of America account direct access to the services offered by Viewpost.

“This is a continued validation by the financial community that what we do is necessary for small businesses,” Viewpost CEO Max Eliscu said in a report. “This allows us to do more than just marketing and become more engaged with the small business audience.”

Viewpost was launched in 2011 and last year unveiled its invoice software. The company says it is growing at a rate of 150 percent per quarter. Eliscu said in the report the company expects 2016 transaction volume to be greater than $40 billion. The executive said Viewpost and Bank of America have been talking since the startup’s infancy to expand B2B services. Bank of America first decided to help Viewpost build out its idea before inking a partnership. The company initially was listed on the Bank of America website as a reference tool with a link provided to Viewpost’s website. Now, Bank of America customers can enroll in Viewpost services directly from the bank’s website.

U.S. Bank and Fifth Third Bank are also partners of Viewpost, but Bank of America is the first to launch direct enrollment on its own site. U.S. Bank and Fifth Third customers have to click on a link and go to Viewpost’s site to access the services and enroll. Viewpost helps small businesses control their cash flow by enabling the exchange of electronic invoices and payments via its secure business network.

——————————–

Latest Insights: 

The Payments 2022 Study: Building A High-Performance Payments Team For Fraud Detection, a PYMNTS collaboration with Stripe, examines how digital platforms of all sectors and sizes plan to develop their anti-fraud teams as part of their their broader growth and development strategies. Drawing from an extensive survey from approximately 250 payments heads at digital platforms in the U.S. and abroad, our study analyzes how poor anti-fraud capabilities can harm platforms’ long-term growth strategies, and how they can build high-performing teams to tackle these challenges.

Click to comment

TRENDING RIGHT NOW

To Top