First Tennessee Bank Join Hands with First Data to Serve SMBs

By CIOReview | Tuesday, March 29, 2016
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NEW YORK: To support SMBs, First Data, a provider of commerce-enabling technology and solution has partnered with First Tennessee Bank, a bank with nearly 200 retail and commercial banking locations in and around Tennessee. The new enterprise agreement between First Data and First Tennessee Bank will offer Tennessee Bank’s small business customers with the innovative products of First Data.

The products include the Clover family of business management solutions. First Tennessee customers can also switch their clover solutions that best suit them including Clover Mobile, Clover Station, Clover Mini and the latest Clover Go. First Tennessee’s business owner clients will be benefitted with the tools of First Data that assist to expand business and customer intelligence, streamline operations, and improve the customer experience. It facilitates a safe and secure environment for payments. Bank’s customers are further allowed to access the Clover App Market where they can enjoy the services of digital gift cards, digital loyalty, consumer loans, and more.

Apart from the solutions offering, First Tennessee will also get access to an array of cutting-edge fraud protection tools through the First Data’s STAR network. STAR promises secure PIN and PIN-less transactions, and extends to support signature-based transactions through the new STAR Access solution.

With the innovation, economic value, and STAR’s preeminent fraud protection solution of STAR Access users can analyze the complete lifecycle of a transaction across prepaid, commercial, debit, and credit card accounts. The solution also allows First Tennessee clients to reduce overall fraud-losses and operational costs, including for card-not present transactions.

By Implementing First Data’s DenfenseEdge solution, First Tennessee simplifies the process of detecting client fraud, reduces error, and assists their clients in saving money and time.