Press Release

MineralTree Shares Insights about Moving Business Payments forward at NACHA’s Payments 2016 Conference

B2B Payments Leader Presents with Representatives from the Federal Reserve Bank, City National Bank and Others during Panel Sessions

Cambridge, Mass., April 7, 2016

MineralTree, the accounts payable (AP) and payment automation solution for growing companies, today announced that its founder and CEO, BC Krishna is speaking in two sessions at NACHA’s Payments 2016 conference to share insights and ideas about the future of business payments. Payments 2016, taking place April 17-20 in Phoenix, Arizona, unites thousands of payments system stakeholders from business end-user, financial, and technology services organizations to debate and explore pressing issues and opportunities.

MineralTree’s BC Krishna is speaking in the following sessions:

Ensuring Business Bill Pay Isn’t a Dead End
Monday, April 18 at 10:30 a.m.

During this session, Krishna joins Omar Loya, SVP and group product manager at City National Bank, to explore how banks can support the evolving needs of business banking customers as they grow. They’ll discuss how growing organizations need advanced workflow and approval processes, support for payment mechanisms such as ACH, and integration with ERP and accounting packages. Attendees will learn how to leverage business payments as a strategic function that drives revenue and builds stronger relationships with business customers.

A Directory Concept Update: Changing the Way Businesses Make Payments
Tuesday, April 19 at 8:15 a.m.

Michael Bilski, CEO of North American Banking Company, Patti Ritter, Senior Treasury Operations Manager at Republic Services, Claudia Swendseid, SVP of The Federal Reserve Bank of Minneapolis, and MineralTree’s BC Krishna, provide an update on The Remittance Coalition. This group was formed to address the lack of readily available, trusted information that business payers can use to make electronic payments, and is working to develop a B2B payment directory. In this interactive session, panelists discuss how an open, non-proprietary directory can change the way payments are made, potential efficiencies a directory would bring to businesses, and the investment and infrastructure necessary to ensure success.

“NACHA has a long history of fostering the development and use of electronic payments, but we’re only at the beginning of the digital payments revolution,” said Krishna. “When you look at how much businesses still rely on paper checks, it’s clear that there’s a tremendous amount of work that still needs to be done. Payments 2016 is an important forum that brings together leaders in the worlds of banking, finance, and payments so we can dissect the challenges and move the ball forward in a constructive way.”

To learn more about how MineralTree is helping companies improve the invoice-to-pay process, visit https://www.mineraltree.com/products/ap-automation/.


About MineralTree

MineralTree provides the easiest to use Accounts Payable (AP) and Payment Automation solutions for finance professionals at growing organizations. MineralTree streamlines AP, giving customers unparalleled visibility and significant cost savings in an affordable, integrated platform that is guaranteed secure. For more information visit www.mineraltree.com.


About NACHA—The Electronic Payments Association

Since 1974, NACHA – The Electronic Payments Association has served as trustee of the ACH Network, managing the development, administration and rules for the payment network that universally connects all 12,000 financial institutions in the U.S. The Network, which moves money and information directly from one bank account to another, supports more than 90 percent of the total value of all electronic payments in the U.S. Through its collaborative, self-governing model, education, and inclusive engagement of ACH Network participants, NACHA facilitates the expansion and diversification of electronic payments, supporting Direct Deposit and Direct Payment via ACH transactions, including ACH credit and debit payments, recurring and one-time payments; government, consumer and business transactions; international payments, and payments plus payment-related information. Through NACHA’s expertise and leadership, the ACH Network is now one of the largest, safest, and most reliable systems in the world, creating value and enabling innovation for all participants. Visit nacha.org for more information.