Old-Fashioned Wisdom Married to Cutting Edge FinTech Creates Smart New Opportunities for Businesses

In an era of near-daily media stories on data breaches, hacked merchant accounts or large financial institutions behaving badly, it’s hard for consumers and businesses to know who to trust and where to turn for a sense of financial security without giving up the access to data and services that technology brings.

This is especially true of businesses who struggle to attract and keep employees in today’s gig economy and who must simultaneously provide both on-site and online payment options that are cutting edge in their ease of use and security.

Established in 1878, Attica, Ohio-based Sutton Bank has not only witnessed but weathered and prospered during critical and tumultuous periods in America’s history; the settling of the Midwest by pioneers, two World Wars and the Great Depression. This has created unparalleled trust within its consumer and business customer base but also, within the last fifteen years, Sutton has, perhaps ironically, carved out a name within the national banking and financial services world as a leader in cutting edge financial technology.

“When most people hear the words ‘FinTech’ or financial technology, they think of Silicon Valley or New York,” admits Jeff Lewis, SVP of the bank’s Sutton Prepaid division. “Sutton Bank takes its motto ‘old fashioned innovation’ seriously and we’ve strategically partnered with some of the top names in financial technology to insure stability and security while simultaneously offering our clients the latest services to benefit their business’ bottom line.”

One of the more recent offerings that Lewis points to is the bank’s real-time pay access service that allows businesses to be highly competitive in their ability to recruit and keep employees who may want or need access to their already-earned pay prior to a weekly or bi-weekly payroll period.

“With the simple installation of a smart-phone app, employees who are in need of a portion of that payroll period’s income – for, say, a utility bill, a car repair or a doctor visit – can safely and securely access that amount instead of potentially missing work or asking their employer for an advance. When we look at the recent natural disasters that have affected millions of American workers, the benefit of a product like this becomes quickly obvious and is the smart, cost-effective alternative to what employees might otherwise turn to in the way of payday or title loans.”

Lewis stresses that this is just one example of the Sutton Bank services that are both state-of-the-art and common sense. “We work hard to use technology smartly and safely and we keep in mind that we’re servicing two critical audiences and modern catalysts to the American economy; the company or individual who owns a business and the employee who shows up each day to help make that business succeed.“