TransCentra Partners with Associated Banc-Corp to Deliver Payment Processing Services to Commercial Clients

NORCROSS, Ga.--(BUSINESS WIRE)--

TransCentra, a leading provider of billing and payment software and services, has been selected by Green Bay, Wis.-based Associated Banc-Corp, a leading Midwest banking enterprise with more than 200 locations, to deliver enhanced receivables to the Bank's commercial clients.

“We continually look for ways to enhance the services we provide our Commercial clients,” said John A. Utz, executive vice president of the Specialized Financial Services Group at Associated Bank. “Our partnership with TransCentra broadens our capabilities in line with national service providers and offers our clients immediate, enhanced wholesale and retail lockbox services with nationwide locations, as well as access to additional enhancements well into the future.”

TransCentra's private label lockbox service will deliver faster processing times, reduced mail float and a host of new processing capabilities to Associated's Commercial clients. The bank will initially be served by TransCentra's Naperville, Ill. processing facility, which treasury consulting firm Phoenix-Hecht measured as producing some of the shortest nationwide mail float times in the country. This ensures bank clients will have payments deposited and receivables information posted in an extremely expedient manner.

“For many years we have been dedicated to the private label processing market, delivering a set of payment processing capabilities that allows our treasury management and financial institution clients to deepen their corporate customer relationships,” said Lynn Boggs, CEO, TransCentra. “In today's highly competitive environment, we look forward to helping more organizations like Associated Bank achieve their growth objectives and provide outstanding service.”

About TransCentra:

Norcross, Ga.-based TransCentra is America's largest outsourced remittance processor, one of the largest outsourced billers and a top provider of imaging and payment processing platforms and software. An industry leader in innovative multichannel billing and payment solutions, TransCentra is trusted by many of the largest and most recognized names in both the consumer and business-to-business markets across a variety of industries, including financial services, insurance, healthcare, utilities and telecommunications. For more information, visit www.transcentra.com.

About Associated Banc-Corp

Associated Banc-Corp ASBC has total assets of $24 billion and is one of the top 50, publicly traded, U.S. bank holding companies. Headquartered in Green Bay, Wis., Associated is a leading Midwest banking franchise, offering a full range of financial products and services in over 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois and Minnesota, and commercial financial services in Indiana, Michigan, Missouri, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com.