Vast Bank forms payment partnership with Cliq
Vast Bank has entered a multi-year partnership with Cliq, enabling Cliq to serve as a third-party payment processor for the federally regulated bank. This collaboration will enhance Vast Bank's offerings in merchant services, ACH, alternative payment processing, and crypto solutions.
Cliq's role as a TPPP will leverage its innovative financial technologies, potentially positioning Vast Bank to better compete in the dynamic payments landscape. With a focus on digital payment solutions, this partnership aims to improve Vast Bank's service offerings and attract more business customers looking for diverse payment options.
Key takeaways
- ▸Vast Bank has signed a multi-year agreement with Cliq.
- ▸Cliq will provide payment processing services, including ACH and crypto solutions.
- ▸The partnership aims to enhance Vast Bank's merchant services offerings.
- ▸Cliq's technology supports alternative payment methods and prepaid card solutions.
Why this matters
This partnership enhances Vast Bank's technological capabilities, allowing it to offer a wider array of payment solutions and compete more effectively against traditional banks and fintechs. Cliq's innovative approach could also improve customer satisfaction and attract a diverse client base seeking modern payment options.