Pittsburgh-based PNC Bank, one of the largest diversified financial services institutions in the United States, and Visa, a digital payments provider, recently renewed strategic collaboration that will further expand the immediate payments capabilities available to PNC Treasury Management clients.
PNC Treasury Management helps clients create and implement a cohesive cash management system for their businesses. The collaboration uses PNC’s Treasury Management Platform and
Visa Direct’s U.S. network to provide clients with access to differentiated payment capabilities.
“PNC’s enhanced collaboration with Visa meets a growing need among PNC’s corporate and commercial clients for faster, secure payments solutions,” Sarah Billings, PNC Treasury Management head of Global Payments, said. “Our clients have come to expect leading capabilities and expertise from PNC. Our strategic collaboration with Visa enriches PNC’s competitive set of offerings for our clients seeking reliable, scalable and cutting-edge payments solutions.”
Business-to-consumer and business-to-business customers have increasingly been seeking faster payments options such as refund/rebate payments, earned wage access, insurance disbursements, and gig economy payouts. PNC offers all these options enabled by Visa Direct. The latest collaboration with Visa adds to PNC’s existing portfolio of products and solutions.
PNC Bank is a member of The PNC Financial Services Group.
Visa facilitates transactions in more than 200 countries and territories.