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AP Simplified: Secure Business Pay Lets Businesses Ditch Paper Checks Once and For All

Secure Business PayToday we are announcing our new version of MineralTree Secure Business Pay™, now directly available to business customers.

The New Year is a time for change, and in 2014 we are encouraging businesses to ditch those costly, insecure paper checks and start making and managing payments online and through their bank–no third parties, no hassles!

MineralTree Secure Business Pay also seamlessly integrates with a variety of accounting packages, so businesses never have to worry about dual-entry ever again.

Secure Business Pay is also just that–secure.  Our product offers a variety of security features that protect customers from both external and internal fraud, such as dual approval workflow, multi-factor authentication, daily payment threshold limits, and integrated Positive Pay.

Our mission at MineralTree is simple: to provide businesses with a simple, secure way to make and manage payments.

From the release:

The growing demand by businesses for secure, integrated payables is translating quickly into record growth for MineralTree, the business payments company. In the last quarter of 2013, the company signed agreements to offer Secure Business Pay to the business customers of five major U.S. banks, including City National Bank and Silicon Valley Bank.

MineralTree sits at the intersection of businesses that are increasingly looking for smarter and safer ways to manage payments and banks that target business payments as a strategic growth opportunity. MineralTree’s award-winning solution offers businesses a better way to make and manage payments – relieving them of the risk and cost of relying on paper checks.

“Every month, we issue hundreds of checks, and the resources needed to review, produce, mail, and reconcile those payments was a huge burden—it was also an antiquated, expensive process fraught with risk at every step,” said Ed Mis, Manager of Apnea Care in Williamsville, New York. “When our bank came to us with the option to use MineralTree, everything clicked, and we quickly and easily made the switch. We could not be happier – everything remains the same – our accounting system, our payments processes, our bank – except faster, safer, and more efficient.”

For the full press release, go here.

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