CertusBank Announces Comprehensive Receivables Solution

CertusBank Partners with Klik Technologies, Corp. to offer its customers the benefit of a national lockbox network and an integrated receivables product set.

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CertusBank, N.A.

Oct 02, 2012, 12:39 ET

GREENVILLE, S.C., Oct. 2, 2012 /PRNewswire/ -- CertusBank, N.A. announced today that it will integrate with Klik Technologies, Corp. in order to deliver a private label end-to-end receivables solution to its treasury services customers. Klik is one of the nation's premier innovators and providers of outsourced remittance solutions to financial institutions. This solution draws upon CertusBank's and Klik's experience and expertise in offering clients a comprehensive product suite to handle all forms of lockbox, remote deposit, and on-line bill payment processing quickly, cost-effectively, and with reduced risk.

"With businesses under pressure to lower costs, simplify and automate their receivables process, the opportunity to deliver this technology demonstrates that we can provide sophisticated solutions without making it complex for customers," said Walter Bridgeman, Treasury and Information Management executive for CertusBank.

Key features of the solution include:

A network of 13 fully-integrated national processing locations that cover business- to-business and consumer-to-business payments (wholesale, retail and electronic lockbox),
Remote deposit capture capable of capturing any remittance documents, and
Advanced Web-based search capabilities, same day decisioning tools, customized reports and a long-term image archive

"We are very pleased to be CertusBank's strategic delivery partner," said Alok Ahuja, President and Chief Executive Officer of Klik Technologies, Corp. "The partnership allows CertusBank immediate access to a broad receivables product set with a low cost of entry."

This new solution is suited for any organization choosing to further automate its receivables and who want to improve their reporting and research options. Government, not-for-profit, healthcare, education, telecommunications, property management and utility companies that have a desire to simplify administrative back office expenses will benefit most.

To learn more about CertusBank, visit us at www.certusbank.com or stop by your local branch. You can also learn more about Klik Technologies, Corp. at www.klik.com.

CertusBank, N.A. Contact:
Nicole Lockman
SVP, Director of Communications
864-884-9979, [email protected]
(Greenville, SC)

Klik Technologies, Corp. Contact:
Joanne Curran
SVP, Corporate Communications
213-236-5017, [email protected]
(Los Angeles, CA)

About CertusBank, N.A.

CertusBank, N.A., is a subsidiary of CertusHoldings, Inc. (formerly Blue Ridge Holdings, Inc.) and has $1.8 billion in assets, 31 branch locations, 3 operations centers and offices in South Carolina, North Carolina, Georgia and Northern Florida. In 2011, the bank acquired the franchises of the former Community South, First Georgia and Atlantic Southern Bank. Visit us at www.certusbank.com

About CertusHoldings, Inc.

Additionally, CertusHoldings, Inc. purchased SAGE Southeastern Securities, Inc.; Atlanta, Georgia based registered broker-dealer.

About Klik Technologies, Corp.

Klik Technologies, Corp. is a wholly owned subsidiary of Union Bank, N.A. Klik is a leading national innovator and provider of ASP outsourced receivables payment processing and transaction settlement solutions based out of Valley Cottage, New York (25 miles north of Manhattan). Klik provides a complete suite of fully integrated electronic and paper remittance solutions across 13 national processing locations including Retail Lockbox, Wholetail Lockbox, Wholesale Lockbox, ACH services, Remote Deposit Lockbox, Online Bill Payment processing, and Invoice Print Services. Visit us at www.klik.com.

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SOURCE CertusBank, N.A.