The way you manage your outgoing payments impacts everything from cash flow to vendor relationships. At Sovereign Bank, our payable solutions are built to give you control, flexibility, and confidence, so you can pay employees, vendors, and partners on time, every time, with tools that scale as you grow.
From everyday transactions to strategic disbursements, our technology streamlines the entire process and puts your business in charge of how and when funds move.
Solutions to Optimize Your Payables
- ACH Origination | Automate payments to vendors and employees with fast, secure electronic transfers. Schedule one-time or recurring payments to simplify your operations and reduce errors.
- Bill Pay | Organize and manage your payments from a single dashboard. Perfect for handling utilities, subscriptions, vendors, and contractors on your terms and schedule.
- Commercial Card Solutions | Empower your team with purchasing flexibility while keeping a close eye on spending. Track expenses in real time and gain insights with detailed reporting and controls.
- Payroll Cards | Simplify payroll for employees without traditional bank accounts. Reloadable debit cards offer fast, secure access to wages without issuing paper checks.
- Wire Services | Send secure domestic and international payments with confidence. Our wire platform offers speed, traceability, and enhanced fraud protection.
- Zelle® for Business – Outgoing Payments | Send money to vendors, contractors, or employees using just an email address or mobile number. Ideal for quick, secure disbursements without needing account info.
Why It Matters:
- Improve control and visibility over spending
- Reduce check issuance costs and manual processing
- Support faster payments and stronger vendor relationships
- Ensure timely and accurate disbursements
- Scale your payables process with your business
