Regions Bank and Dash Solutions announced they will launch Regions ReimbursePro, the bank’s latest Treasury Management innovation to help business clients modernize their payment processes.
ReimbursePro is powered by payments enablement company Dash Solutions, and will provide Regions’ Treasury Management clients with access to a modern, secure digital platform that helps transform refund operations away from older processes like paper documents and physical checks.
“Regions Bank’s commitment to forward-thinking payments technology is one of the top reasons business clients turn to us for their banking relationship,” said Bryan Ford, head of Regions Treasury Management. “In recent years, our team has introduced a range of powerful solutions that help clients automate workflows and payments, eliminate friction, mitigate fraud and manage their operations with greater efficiency. This refund solution is the logical next step, and it reflects our relentless focus on innovation and ease of use. Our collaboration with Dash Solutions helps enable us to deliver smarter, faster tools that help clients move money confidently.”
The process upgrade includes the ability for recipients to choose to spend funds immediately via their digital wallet once a reimbursement is initiated, or they can instantly send funds to a preferred account. When digital options are selected, funds are delivered immediately, the bank said.
The system works with many industries, including healthcare, insurance and finance, utilities, higher education, legal, telecom and other technology services, and the nonprofit and government sectors.
“Efficient payments are critical to enterprise success, yet billions of transactions still run through legacy systems that weren’t built for how organizations operate today,” Stephen Faust, CEO of Dash Solutions, said. “Regions shares our commitment to changing that, and together, we are helping clients modernize how they move money with less risk, better visibility, stronger controls and a payee experience that meets people where they want to be met. We’re making something critical work the way it should.”