Bankers’ Bank of the West, a correspondent bank serving community banks in the Rocky Mountain and western states in the US, and Bling Nation, a provider of mobile payment services, have partnered to enable tap-and-pay purchases at the point of sale across the mid-west.
Through a referral agreement, Bankers’ Bank of the West will offer mobile payments to its more than 330 client banks. Bling Nation will help these financial institutions and their business customers eliminate payment processing middlemen, while differentiating their services and supporting community ‘shop local’ programs.
Bling Nation mobile payment services let consumers with a direct deposit account or DDA at a local financial institution tap their mobile phones to pay for purchases and redeem loyalty incentives at the point of sale.
Bill Mitchell, president and CEO of Bankers’ Bank of the West, said: “This partnership with Bling Nation gives our client banks access to a new realm of technology-driven solutions their customers will be excited about – and that’s exciting to us.”
Rod Stambaugh, general manager of west region for Bling Nation, said: “Mobile payments are a necessary component of the financial institution, business and consumer relationship of today and tomorrow.”