Companies Align to Offer Payment Processing and Financial Tools for Small Business Professionals
TINLEY PARK, IL - March 2021Financial technology company, Payroc has partnered with Banterra Bank as their preferred benefit provider of payment processing services. Through this partnership, they will be able to provide members discounted processing rates and world-class financial technology to further streamline their business operations.
“We are truly excited about our new partnership with Banterra. Their proven dedication to provide long-term value to their customers and community is inspiring. We can’t wait to see how our payment processing services will help grow both businesses!” said Chip Langdon, Director of Development, Strategic Partnerships at Payroc.
Through this strategic collaboration, Banterra will have the ability to negotiate more competitive credit card processing rates for the business owners that are members of their organization. Businesses will be able to expand their credit card processing services through innovative software solutions and increase cash flow. Payroc will also offer members educational resources and personalized consultations.
“It’s important for Banterra to find the right partnerships when it comes to providing the best products for our customers,” said Jeff May, President and CEO of Banterra Bank. “We know Payroc provides high quality merchant services, and we look forward to sharing those services with our business customers who are looking for flexible and affordable payment options.”
Banterra began as a single bank in Ridgway, Illinois in July of 1975. Today, Banterra has $2.3 billion in assets, 40 locations in Illinois, Indiana, Kentucky, Missouri, and Arizona and is ranked in the Top Ten Percent of U.S. Charter Banks and Top Five Percent for Illinois Charter Banks, according to asset size. In addition to offering personal and business banking products,
Banterra provides services nationwide through specialty lending divisions including Aircraft Finance, Machine Tool Finance, Corporate, Transportation and RV and Marine Lending. Banterra also offers Banterra Insurance and Banterra Investment services. For information, call 866-BANTERRA (226-8377), or go to Banterra.com.
Payroc is a high-growth merchant acquirer, processor and payment facilitation powerhouse operating in 46 countries, processing $36 billion in annual charge volume for more than 55,000 merchants. The company offers best-in-class sales enablement and merchant processing technology on a global basis, delivering proprietary, innovative and full-service merchant acquiring solutions together with key card brand network payment sponsorship registrations.
Payroc, through its affiliate companies Payroc WorldAccess LLC, Payscape, NXGEN and Payroc WorldAccess, Inc., a Canadian Payroc subsidiary, is a registered Visa third party processor (TPP), Mastercard third party servicer (TPSV) and a registered independent sales organization and merchant services provider (ISO/MSP), payment facilitator and encryption support organization for Fifth Third Bank, an Ohio-chartered bank, Cincinnati, Ohio. The company is also a registered ISO/MSP for Wells Fargo Bank, N.A. (“Wells”), Concord, Calif., and is an Elavon payments partner and registered as an ISO/MSP of Elavon, Inc., Ga., a wholly owned subsidiary of U.S. Bank Minneapolis. The company’s Canadian business unit is a registered ISO/MSP of Wells and Peoples Trust Company, Vancouver, Canada. For more information, please visit payroc.com or telephone 844-PAYROC-4.
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