Baton Network
A modern network designed for the next step in the evolution of small business banking.
Real-time B2B payments made simple: a Network designed for banks of any size, with zero required technology integration or infrastructure investment to launch or manage.
What the Network solves for
Six things a Member Bank gets
Exponential growth
A robust business model driving growth in Member Banks’ small business portfolios and non-interest income, while yielding a high return to the bottom line.
Scalability & flexibility
A highly scalable, secure, cloud-based network built to be accessible to Member Banks of any size, while handling each bank’s customized program, multiple distribution channels and funding strategies.
Network of buyers
The network effect of buyer data enables new predictive insights to maximize invoice payment volume, sharpen risk controls and accelerate automation.
Risk protection
Network-level risk protection coupled with targeted analytics on suppliers and buyers, and controlled utilization.
Payment authorization
Centralized payment authorization run to each Member Bank’s rules, using data and machine learning to build automated authorizations — similar to card payment authorizations.
Innovation at scale
Focused network investments drive continued innovation, so the platform stays cohesive but adaptable.
Roles
Baton B2B Payments Network roles
The Network enables Member Banks to sell, deliver and fund a new secured, structured financial service — a B2B payments service — delivering real-time, risk-free, debt-free invoice payments to small business suppliers.
Program Manager
Responsibilities similar to the card organizations.
Merchant Acquirer
Responsibilities similar to those in the credit card network.
Balance Sheet Provider
Holds the receivable and carries the risk the supplier used to carry.
Payment Authorization
Each invoice is authorized against the bank’s rules before it is paid.
Settlement
Principal and fees settle back to the Member Bank.
Servicing
Day-to-day servicing of the supplier relationship.
Insurance Aggregation
Aggregated protection across the Network.
Control
Member Banks control and customize their Baton programs
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Product structure
Configure solution features to align with existing customer segment needs.
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Risk tolerance
Customize the policies implemented in Baton to manage portfolio risk.
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Pricing strategy
Set risk-based pricing parameters to meet strategic risk-adjusted return requirements.
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Program parameters
Tailor program parameters through a customizable Program Guide and a detailed change-control process.
Every bank builds its own program
Product, risk, price and program parameters are the bank’s decisions. Baton supplies the rails and operates the platform.
Distribution & funding
Member Banks decide how to sell and how to fund
Direct
Sold directly to small business customers by the bank itself.
Indirect
Sold through Channel Partners, with Baton supporting the same rails.
Distribution methods supported
- Branch
- Invitation to apply
- Business bankers
- Call center sales
- Channel partners
Funding the invoice payment
A Member Bank may fund the invoice payments directly, or be matched to a funding partner. Either way the supplier is paid in as few as 3 business days.
Platform
A secure, cloud-based, end-to-end payments network
Private cloud
Dedicated AWS infrastructure built on Salesforce’s Heroku platform.
Data security and compliance
Point-to-point encryption leveraging industry standards, verified by industry leaders.
End-to-end payments network
Network applications deliver a fully digital experience to both banks and small businesses.
Zero integration required
Just add WiFi. No technology or data integrations required.
Independently reviewed: the company displayed a Veracode verified badge in its footer.
Bring the Network to your bank.
Member Banks deliver it, fund it and carry their own brand. The rails are already built.