Five Star Bank Partners with Autobooks to Launch Tap to Pay on iPhone for Small Business Customers
21 8월 2023 - 10:00PM
Five Star Bank (“Five Star” or the “Bank”), the wholly-owned
community bank subsidiary of Financial Institutions, Inc. (NASDAQ:
FISI), announced the launch of contactless payment acceptance for
its small business customers through an expanded partnership with
payment and accounting platform Autobooks.
“The same way our customers need to be able to
do business with us when, where and how they prefer, we know that
the small businesses we serve need to offer the same convenience to
their own clients. Offering Tap to Pay on iPhone empowers Five Star
customers to accept payments on the go, right from our mobile
banking app,” said Jeanne Stegmeier, Vice President and Small
Business Leader with Five Star Bank. “Small businesses are crucial
to the economic vitality of our local communities, and we are proud
to work with exceptional partners like Autobooks to help them
manage the day-to-day needs of their businesses.”
Five Star small business customers can use Tap
to Pay on iPhone to accept all forms of contactless payments, using
only an iPhone and the Five Star Bank Digital Banking mobile app.
At checkout, the merchant will simply prompt the customer to hold
their iPhone or Apple Watch to pay with Apple Pay, their
contactless credit or debit card, or other digital wallet near the
merchant’s iPhone, and the payment will be securely completed using
NFC technology. Small business customers will still have access to
the variety of secure payment options they enjoy through Five Star
Bank and Autobooks, including unique payment links for use in
email, text or on a website, as well as reusable QR codes.
In addition to secure payment capabilities, Five
Star’s partnership with Autobooks allows small business customers
to access free professional invoicing with customized branding
options, receive payments from customers directly into their
business checking account, and more. Customers also have the option
to purchase additional features through Autobooks, including
accounting tools, automated reporting and business bill pay. For
more information, please visit www.five-starbank.com/autobooks.
Today’s announcement is just the latest
enhancement to Five Star’s suite of solutions dedicated to
supporting small businesses. Earlier this month, the Bank announced
that New York State small business customers with a Five Star Bank
business checking account may apply for term loans and lines of
credit, for total lending exposure of up to $250,000, online at
www.five-starbank.com.
About Five Star Bank and Financial
Institutions, Inc.Financial Institutions, Inc. (NASDAQ:
FISI) is an innovative financial holding company with approximately
$6.1 billion in assets offering banking, insurance and wealth
management products and services through a network of subsidiaries.
Its Five Star Bank subsidiary provides consumer and commercial
banking and lending services to individuals, municipalities and
businesses throughout Western and Central New York and its
Mid-Atlantic commercial loan production office serves the Baltimore
and Washington, D.C. region. SDN Insurance Agency, LLC provides a
broad range of insurance services to personal and business clients,
while Courier Capital, LLC offers customized investment management,
financial planning and consulting services to individuals and
families, businesses, institutions, non-profits and retirement
plans. Learn more at five-starbank.com and FISI-investors.com.
For additional information
contact:Kate CroftDirector of Investor and External
Relations(716) 817-5159klcroft@five-starbank.com
Financial Institutions (NASDAQ:FISI)
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