Fintech is Changing How We Make Payments: Here’s How…

Fintech is opening up a new world when it comes to processing payments.

Technology is changing just about everything in our modern world, and payments are no exception. Innovations in financial technology — better known as fintech — are streamlining archaic processes and systems. Even better, those technologies are creating new opportunities to generate higher returns and better protect your hard-earned cash.

We’ve been champions of innovation from the earliest days of our business, and as the world continues to shift, we are committed to changing with it. Here’s how fintech has transformed not only payments processes, but the options for securing that cash and keep it working for you.

Fintech and vendor payments

One of the most confounding parts of managing large-scale projects has always been the process of paying vendors — ensuring the contracts with each vendor are administered effectively, and that payments are made on time, in the exact amount agreed upon by both parties involved.

Our clients wanted a better way, so we built the American Payment Solutions program to bring much-needed innovation to an outdated and, too often, ineffective process. The system combines our cash management experience with the efficiency and automation that can only come with technology. It automates the approval and payments process — removing as much human error as possible — and can handle even the most complex project payment contracts.

All of this of course requires that your business have enough cash on hand to distribute when the time comes. And when it comes to managing your cash flow, technology has vastly improved that part, too.

Competitive return and liquidity through fintech

In the past, you’ve kept cash liquid by socking it away in your bank or credit union of choice. The problem with that is, you’re only guaranteed FDIC or NCUA insurance on up to $250,000 in any one institution. Our Deposit Management technology turned that problem into a tremendous opportunity: We created a proprietary system that can spread over $75 million to different financial institutions around the country and make sure that every last dollar is protected by the FDIC or NCUA. And, FDIC insurance plus a strong deposit network yields a highly competitive return, an added bonus for your business.

Fintech and merchant services

While we don’t predict the downfall of cash or good old paper checks in the immediate future, technology has vastly changed the way people want to pay. Fintech has become an integral cog in our personal lives with services such as PayPal, Venmo, Bitcoin, Apple Pay and Google Pay. As businesses, we’ve got to adapt as well.

At ADM, we make it easy. Our Merchant Services offer businesses an affordable way to accept electronic payments via our secure, reliable network. We offer a side-by-side price comparison of processing costs so you can find the best rate for your needs. From there, we keep things flexible, with a system you can run in any environment — from standalone and virtual machines to online and mobile options, as well.

And as always, when you have extra cash on hand, our Deposit Management services can keep that money safe while it earns more for you and your business.

Fintech and management of bond proceeds

At ADM, we understand that customers and vendors aren’t the only things that keep money flowing through your business. If you’ve won a referendum or have other bond proceeds to manage, we can help. With innovative cash solutions and a team of Registered Municipal Advisors, we are your one stop solution for bonds proceeds management.

ADM’s proprietary fintech works for your business

Our technology can automate payments and regulatory filings, taking that load off your plate and ensuring you never miss a DTC (Depository Trust Company) interest payment, a vendor payment or an IRS filing. We keep track of everything so you don’t have to. Want to learn more about how fintech can transform your business? Reach out to one of our friendly associates today. We are committed to helping you make the best possible use of your extra cash, and when technology can help make that possible, we’re going to use it.


*American Deposit Management Co. is not an FDIC/NCUA-insured institution. FDIC/NCUA deposit coverage only protects against the failure of an FDIC/NCUA-insured depository institution.

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