Western Alliance Bank to Deploy Creditron’s Integrated Receivables Platform

Monday, March 14, 2016

Rockville, MD

Creditron, a leading provider of payments processing and receivables management solutions announced today that Western Alliance Bank will deploy Creditron’s Enterprise Cloud Processing (ECP) integrated receivables platform.

Western Alliance Bank selected Creditron’s ECP solution after an extensive evaluation of other lockbox and receivables platforms on the market.

Creditron’s integrated receivables solution will enable Western Alliance Bank to process all of its B2B payments, as well as C2B payments including HOA (Homeowner Association) payments and remittance information on a single platform.  The platform also will provide Western Alliance Bank with real-time, consolidated visibility into client payments and receivables information, greater control over image and data workflows, and on-demand reporting and operational and financial metrics through a highly configurable dashboard.  Western Alliance Bank will use OPEX hardware to digitize its paper lockbox transactions.

“Creditron is pleased that Western Alliance is deploying our integrated receivables platform,” said Creditron Founder and CEO Wally Vogel.  “Consolidating all payment channels on ECP will provide Western Alliance Bank with enhanced visibility and control as well as greater operational efficiency in managing the increasingly diversifying mix of paper and electronic payments and remittance data.”

With $14 billion in assets, top-performing Western Alliance Bancorporation (NYSE:WAL) is one of the fastest-growing bank holding companies in the U.S. and recognized as #10 on the Forbes 2016 “Best Banks in America” list. Its primary subsidiary, Western Alliance Bank, is the go-to bank for business and succeeds with local teams of experienced bankers who deliver superior service and a full spectrum of deposit, lending, treasury management, international banking and online banking products and services. Western Alliance Bank operates full-service banking divisions: Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank. The bank also serves business customers through a robust national platform of specialized financial services including Corporate Finance, Equity Fund Resources, Life Sciences Group, Mortgage Warehouse Lending, Public and Nonprofit Finance, Renewable Resource Group, Resort Finance, Technology Finance and Alliance Association Bank. For more information, visit westernalliancebancorporation.com.