Union First Invests in The Payments Company

Union First Market Bankshares has made an equity investment in The Payments Company, which offers a software-based business payments service.

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The Payments Company enables business payments to vendors that accept ACH and cards and targets business clients in the healthcare, manufacturing, media, public sector, education, retail and financial verticals.

The company is one of a number of players that are attempting to extend payments automation to business payments, where traditional check-based transactions still dominate.

"Union's investment will enable us to expand our national footprint," says Steve Winston, founder and CEO of The Payments Company, in a Jan. 6 press release, adding his company currently has clients in seven states and plans to serve the entire country.

John Adams

Executive Editor, Payments

John Adams is executive editor of payments for American Banker. John interviews top executives in the payments, cryptocurrency and fintech... Read full bio

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