PNC Treasury Management Launches Capabilities for Industry Leading Corporate Banking Platform

PITTSBURGH, 25 October 2021 / PRNewswire / – PNC Treasury Management today announced new capabilities that strengthen its industry-leading corporate banking platform, PINACLE®. The new features – PINACLE Connect and PINACLE Payee Account Validation – remove complexities and respond to customer feedback, specifically related to technology integration and fraud prevention.

With PINACLE Connect, PNC can now seamlessly integrate its cash management services directly into its customers’ existing Enterprise Resource Planning (ERP) systems, providing an integrated banking experience. PNC customers taking advantage of this new offer can now initiate payments, track payment status and access their account and transaction information, all in their ERP, using their existing PINACLE data access controls. . PINACLE Connect provides customers with a streamlined interface, keeping the day-to-day business of treasurers on one platform – eliminating the need to switch between systems – and, ultimately, eliminating friction in the customer experience. This integrated banking experience is representative of changing customer expectations and a wider acceptance of new technologies.

“PNC Bank is committed to providing its clients with an innovative platform of solutions and tools to help them succeed and keep their businesses running smoothly,” said Chris ward, Executive Vice President and Head of Data, Digital and Innovation for PNC Treasury Management. “We know how essential a streamlined, easy-to-use system is to the efficiency of our customers’ business operations, and PINACLE Connect simply bridges the gap between existing technology systems and our banking platform. “

Additionally, PINACLE Payee Account Validation provides the industry’s first integrated account validation directly into the PINACLE payment flow. This new capability helps customers more easily complete transactions by confirming payee details and, most importantly, alerting businesses when there are signs of potential payment fraud, like a vendor’s email account being compromised. The validation of the account of the intended beneficiary of a payment is quick and simple and takes place before the payment instruction is submitted. The validation results are almost immediate, clear and informative, and appear next to the payment so that it can be tracked from end to end. Ultimately, validating the payee’s account gives customers confidence when executing payments and reduces fraud-related losses that can cripple their business.

“As the world continues to evolve and our economy moves towards immediate, real-time transactions, our focus remains not only to provide faster payment solutions, but also to deliver them securely. We know nothing can disrupt business operations faster than fraud, which is why we have created PINACLE Payee Account Validation, an integrated, near real-time account validation solution, ”added Ward.

PNC cash management offers a platform of innovative end-to-end technologies and experienced teams that help clients design and implement a cohesive cash management system for their business. PNC is committed to investing in cutting-edge technologies and will continue to support its clients in their efforts to optimize their working capital, achieve faster and more secure transactions and move their businesses forward. PINACLE Connect and PINACLE Payee Account Validation are now available for PNC customers. For more information, please visit www.pnc.com/tror.

PNC Bank, National Association, is a member of PNC Financial Services Group, Inc. PNC is one of the largest diversified financial services institutions in United States, organized around its customers and communities for strong relationships and a local offering of banking services to individuals and businesses, including a full range of lending products; specialized services for businesses and government entities, including business banking, real estate financing and asset-backed loans; wealth management and asset management. For more information on PNC, visit www.pnc.com.

CONTACT:

Whitney wilson
(214) 871-1209
[email protected]

PNC SOURCE bank


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Michael C. Sumner

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