Regions Bank announced the launch of Regions ReimbursePro, the bank’s latest Treasury Management innovation designed to help business clients modernize their payment processes and expedite real-time money movement. Regions ReimbursePro is powered by Dash Solutions, a leading payments enablement company also headquartered in Birmingham. The solution provides Regions’ Treasury Management clients access to a modern, secure digital platform that helps transform refund operations away from older, manual, time-consuming processes that include paper documents and physical checks. Key upgrades include: Once a reimbursement is initiated through this new solution, recipients can choose to spend funds immediately via their digital wallet. Or, they can instantly send funds to a preferred account, such as a checking or savings account or a digital payments platform. When the digital option is selected, funds are delivered immediately, enabling faster account reconciliation. This, in turn, helps reduce unclaimed refunds and escheatment, which significantly lowers the risk of check-related errors or re-issues.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RF:
- Regions Financial price target raised to $30 from $28 at Truist
- Regions Financial price target raised to $32 from $31 at DA Davidson
- Regions Financial price target raised to $31 from $29 at RBC Capital
- Regions Financial Corp. Highlights Growth Amid Margin Pressure
- Midday Fly By: Netflix slumps as co-founder Hastings announces exit
