Woodforest Acceptance Solutions Launches as Independent Payments Company
THE WOODLANDS, Texas, December 20, 2023 (VSNewsNetwork.com) - Woodforest Acceptance Solutions has officially transitioned to an independent entity from Woodforest National Bank, a move aimed at fostering growth and innovation in the payments sector, as per a recent announcement.
Originating from the 41-year-old Woodforest National Bank, Woodforest Acceptance Solutions has made significant strides in the payments industry over the past three years. This spin-off represents a milestone in the company's journey, showcasing its commitment to delivering advanced payment solutions across the nation.
The key features of this transition include:
The independence of Woodforest Acceptance Solutions, allowing for greater agility and strategic alignment with the evolving payment industry.
The company's plans to invest in innovation, technology, and product development, thereby expanding its suite of payment services and solutions.
A focus on customizing services to meet the diverse needs of the customer base.
A continued emphasis on enhancing payment services, security, and compliance with regulatory standards.
Todd Linden, CEO of Woodforest Acceptance Solutions, stated, “Woodforest Acceptance Solutions has always strived to be at the forefront of the payments industry, providing secure, convenient, and innovative solutions to our customers. With this spin-off, we are poised to accelerate our growth, forge new partnerships, and continue delivering exceptional payment experiences."
According to the company, for existing customers of Woodforest Acceptance Solutions, the transition is expected to be seamless, maintaining the high quality of service they are accustomed to.
Jay Dreibelbis, President and CEO of Woodforest National Bank, commented on the restructuring, “We’re excited to announce this strategic move that will further enhance the services and benefits we provide Woodforest National Bank customers. By consolidating our payment processing operations as a subsidiary of the Bank, we are streamlining our services and creating a more efficient and customer-centric approach to managing customer payment processing needs.”
For more information about Woodforest Acceptance Solutions, visit www.woodforest-pay.com.
Source: Woodforest Acceptance Solutions via Newswire
