Stride Bank and PayQwick Enter Into Long-Term Agreement
PayQwick Expands Stride's Market Reach and Adds New Payment Services
ENID, Okla., November 12, 2019 (Newswire.com) - Stride Bank, N.A. announces a multi-year agreement with PayQwick to serve cash-intensive businesses in markets across the U.S. The PayQwick relationship extends the bank’s mission of delivering innovative solutions to help clients achieve normalized treasury solutions through the PayQwick platform.
PayQwick’s electronic banking platform is supported by Stride’s extensive treasury products and operational capabilities. PayQwick’s clients are in markets across the U.S., and Stride’s national presence helps PayQwick’s clients deposit cash and other receivables in rapidly growing state-regulated markets. Stride has invested in technologies and infrastructure in recent years to offer new services and resources to national customers, and these investments were attractive to PayQwick and its clients. PayQwick has onboarded dozens of relationships in California and Arizona.
“Our industry is changing rapidly,” says Brud Baker, Chairman of Stride Bank. “Determining how we continue to grow and thrive in the future starts with how we position ourselves. We have strengthened the core capacities that have sustained us and expanded our product offerings and delivery channels to serve our clients, regardless of geographic location. PayQwick is a key leader in serving cash-intensive businesses and follows Stride’s exacting compliance regimens for the Bank Secrecy Act, Anti-Money Laundering, Know Your Customer and other national and local regulations.”
“Stride has been an exemplary partner in our tremendous growth in California and Arizona”, explained Keith Marks, CEO and Founder of PayQwick. “Stride’s national charter, unique understanding of the PayQwick platform and our shared market vision have helped us expand into new states while serving top clients with advanced treasury services.”
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About Stride
Stride Bank, National Association, was chartered in 1913 as The Central National Bank of Enid. Now a full-service, Oklahoma-owned-and-operated national banking association with approximately $650 million in assets, Stride Bank offers innovative products for businesses and consumers, including mobile banking, wealth management services and a full spectrum of treasury management services. Stride Bank has specialty lending groups for commercial, healthcare, heavy equipment and transportation, commercial real estate and agriculture. An industry leader throughout the U.S. for next-generation, real-time payments, and in the issuance of prepaid and payroll cards, Stride Bank has branches in Enid, Tulsa, Blackwell, Bartlesville, Woodward and Mooreland, and a commercial banking office in Oklahoma City. Member FDIC. Equal Housing Lender. Learn more at www.stridebank.com.
About PayQwick
PayQwick empowers emerging businesses by enabling financial access and control through a comprehensive product suite, technological innovation and strategic partnerships. The highly automated platform enables businesses to streamline banking and treasury operations by centralizing receivables and payables and integrating their supply chain through electronic payments. Fully compliant and secure, PayQwick simplifies business operations and allows full visibility while providing reliable end-to-end solutions across its national network. Learn more about PayQwick at payqwick.com.
Stride Contact
Stephanie Collums, Marketing Director, 580.213.1762, scollums@stridebank.com
PayQwick Contact
Kate Ryan, Kate Ryan PR, 774.929.5223, kate@kateryanpr.com
Source: Stride Bank