BANKLINK has gone live with bizLINK and bizLINK Plus – a new solution designed to help financial institutions capture more business from the small business segment. bizLINK will initially target the needs of small businesses ranging from revenues of $500,000 to companies with more than 100 employees and revenues up to $10 million. With a roadmap that includes delivering a tailored solution to the small business/home office segment, it brings to the forefront such features as internal transfer capabilities, loan reporting and payments, electronic bill payment and the ability to obtain information on checks and stop payments. According to Paul Frank, BANKLINK’s President, the bizLINK suite gives customers the ability to capitalize on their investment by combining BANKLINK’s extensive cash management expertise with tailor-made functionalities and value-added services that previously were not available to small businesses.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
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