Payments are the lifeblood of any business, driving working capital through payables and receivables. In this dynamic and technology-driven economy, organizations need a full suite of traditional and innovative payment options to support the speed and nature of commerce.
Our payments platform delivers innovative and integrated solutions for your payments and receivables. A team of experienced professionals is here to help you optimize your payments and receivables so you can accelerate incoming payments, streamline accounting functions, increase insight into your finances and take control over your cash position.
Payables
Streamline and automate with our payables solutions
Automating the Invoice to Pay process provides enhanced visibility into an organization’s financial supply chain, while unlocking the full potential of the Accounts Payable department, including improvement of DPO (days payable outstanding).
- Invoice Automation
- Integrated Payables
- Card Services
- Check Disbursement
- ACH
- Wire
Receivables
Collect, integrate and increase access to working capital with our receivables solutions
The introduction of Invoice to Cash automation reduces manual intervention and increases straight through processing, while reducing exception handling and improving DSO (days sales outstanding).
- Receivables Automation
- Electronic Billing and Collections Services
- Integrated Receivables
- Merchant Services
- International Trade Instruments - Global
Immediate Payments
Video: Treasury Management Faster Payments
In an increasingly digital world, companies are recognizing the need for faster and more transparent payments
PNC offers a mix of traditional electronic payments alongside faster payment options to provide a comprehensive set of payment solutions that meet the varied needs of your organization.
Businesses continue to seek ways to reduce paper checks and eliminate manual processes while consumers expect businesses to provide convenient payment options.
We can help your company achieve faster, more efficient payment processing
while reducing risk through digital innovation.
It is becoming increasingly important that businesses evolve and provide their customers with a modern, digital experience. Companies can leverage new tools and technologies to design innovative, efficient solutions to meet evolving expectations.
PNC provides multiple delivery channels for our suite of payment solutions including our PINACLE® online platform, API, and file transmission. For more information, please visit our Integration and Digital Services site for a comprehensive overview of connectivity options, API specifications and Developer Portal.
Earned Wage Access
Provide your employees the ability to access their pay as it is earned
with on-demand pay — instead of having to wait for payday.
PNC EarnedIt (powered by DailyPay™) provides your employees with an intuitive, easy-to-use on-demand pay experience. This voluntary, opt-in benefit allows your employees to control the timing of when they receive their earned and unpaid income. PNC EarnedIt helps employees harness the power of their pay to meet unexpected expenses, pay bills on time and avoid late fees before payday.
PNC EarnedIt is simple to implement and operate. The technology interfaces easily with nearly any payroll and time management system. PNC EarnedIt sits on top of your existing payroll process and requires no changes to how you run payroll today — no changes to payroll processes, tax withholdings or paystub production, and no funding required by you.
Employer benefits may include[2]:
- Faster recruiting and increased in job application volume
- Reduces employee turnover
- Drives employee engagement
- Decreases employee absenteeism and improves time clock management
- Motivates employees to work additional days and longer hours
2Based on DailyPay client data and user research, 2020–2021
PNC EarnedIt was recently selected as one of the 2022 winners of the Gartner Eye on Innovation Awards for Financial Services for the Americas. The awards recognize financial services companies for their innovative use of technology to drive best-in-class initiatives.
ePayments
PNC’s ePayments platform offers an innovative, efficient way for businesses to pay consumers by presenting multiple payment delivery options to the payee.
- You can choose which payment options to make available to your customer.
- Notification of payment is delivered by email or text to the payee, and the payee can choose their preferred method of payment.
- No customer bank account information is required. ePayments facilitates the payment notification based on the unique email address or mobile phone number of the payee.
Faster, electronic payment options include:
- Zelle Disbursements
- Direct Deposit
- Direct to Debit Card
- Check
Aite Novarica Award Winner 2022
Aite Novarica Award Winner 2022
PNC Treasury Management is a winner of Aite-Novarica Group’s 2022 Cash Management & Payments Impact Awards for Customer Experience for its ePayments capabilities. In its fifth year, the awards program honors the innovative financial institutions that are introducing new products, capabilities or levels of automation and effectiveness that bring the industry one step closer to next-generation banking.
Intelligent Routing
As payment choices proliferate, optimization of payables and receivables transactions is paramount. To achieve this, PNC offers an innovative Intelligent Routing service that can assist you with the decision making as you assess emerging payment and traditional payment types.
Intelligent Routing:
- Provides you with flexible options that can help you meet your specific business needs and address individual payment scenarios.
- Can be applied for both business to business and business to consumer transactions.
- Determines the appropriate payment type based on specific factors, such as the fastest delivery and lowest cost, depending upon preset parameters established by your organization. Payments can be sent via real-time payment (RTP®), Same Day ACH, Wire or traditional next day ACH.
As with all our payments offerings, Intelligent Routing can be embedded in your organization’s internal or client experience by using our APIs.
Celent Model Bank Awards 2023
PNC Bank has been recognized by Celent as a winner of a Model Bank award for Simplifying Payments. Celent is a global research and advisory firm for the financial services industry.
PNC Protect
At PNC, we want to make you aware of ongoing threats and trends, as well as the solutions and tools that can help protect your company from the harmful effects of cybercrime and payments fraud. Learn More »
Insights
Maximize Cash Flow
Real-Time Payments Poised for Accelerated Growth
Adoption of immediate payments is on the rise as businesses seek out innovative options to streamline treasury operations.
2 min read
Maximize Cash Flow
How Faster Payments Can Help Your Business
Understand emerging payment types and how they may answer your business needs.
2 min read
Client Success Stories
Helping Paychex Keep Payroll Rolling
Client Success Story: Paychex, Inc.
1 min read
Our Team
Our team of experienced professionals are forward-looking, skilled, dedicated Treasury Management Officers who can help you architect the vision for your treasury management systems and how it fuels your company’s path forward.
With integration experience, we can advise on how to best integrate different technology platforms to create a more seamless end-to-end experience focused on having a real-time understanding of your liquidity situation.
If You are an Existing Customer
For product and service related questions, please contact your Treasury Management Officer or Treasury Management Client Care (TMCC) directly at
1-800-669-1518.
Contact Us
If you have questions or would like additional information, please fill out this short form so we can get in touch with you. By completing this form, you are authorizing us to contact you (via email and/or phone) to answer your questions and provide information about PNC’s Treasury Management products and services.
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Important Legal Disclosures and Information
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When you send a payment, the availability of funds in the recipient’s account will depend on the funds availability policy of the recipient’s financial institution. Limitations to availability may apply, including “cut-off times” by which items need to be deposited to be included for processing on that business day.
Microsoft is a registered trademark of Microsoft Corporation in the United States and other countries.
RTP is a registered trademark of The Clearing House Payments Company, LLC.
Zelle and the Zelle-related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
Visa is a registered trademark of Visa International Service Association and used under license.
Mastercard is a registered mark of Mastercard International Incorporated.
Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.
