DENVER, CO – April 10, 2012 - PaySimple, the leader in small business receivables automation software will be launching CAMP, an innovative platform for banks to set up their own private-labeled version of PaySimple at FinovateSpring 2012. “It’s time for banks to be able to provide offerings that truly add value to their small business members, without having to make the leap to develop and manage technology themselves” said Eric Remer, CEO of PaySimple.
For the 27 million small businesses in the US, cash flow remains a critical challenge. According to a recent survey by PaySimple, 49% of small businesses suffer from late payments every single month.
Many of these businesses are turning to their financial institution for help. However, it is difficult for these institutions to create, deploy and manage technology solutions that help their small business members.
PaySimple Knows How to Make Financial Institutions Successful
PaySimple has a turn-key, private-labeled program in the marketplace today utilized by partners including American Express, JP Morgan Chase, Vantiv and Western Union. PaySimple is further enhancing its platform to enable institutions to seamlessly offer a custom-branded experience across all of their brands.
“There is an unprecedented opportunity for financial institutions to help small businesses solve their cash flow challenges, but until now there has not been a simple way for institutions to meet this need across all of their brands” said Remer.
With CAMP, banks of all sizes can get up and running in literally minutes to be able to have a sticky value-added offering to attract and retain small business members, while adding a new revenue stream.
Remer says that at FinovateSpring, he will demonstrate how banks can set up their custom-branded software in a few simple steps and how small businesses can immediately benefit from a system that combines payment acceptance across channels integrated with customer management.
FinovateSpring is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in San Francisco, the event offers an insight-packed glimpse of the future of money via a fast-paced, intimate and unique format. FinovateSpring is organized by The Finovate Group. For more information on the event or to view videos of previous demos, please visit http://www.finovate.com/spring2012.