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PNC Bank Unveils PNC Mobile Accept®

PNC Bank has officially launched PNC Mobile Accept®, a comprehensive payment processing solution designed specifically for micro businesses. This innovative service allows business owners to securely accept credit and debit card payments directly through the PNC Mobile Banking App, addressing a significant gap in payment processing solutions for smaller enterprises.

The introduction of PNC Mobile Accept is timely, as micro businesses often struggle with traditional payment options that come with high fees and complex requirements. With this new feature, businesses with annual transactions under $300,000 can enjoy a self-service solution, enabling them to accept payments conveniently from their phones or tablets, without incurring any monthly fees.

Matt Evans, the head of PNC Merchant Services for Small Businesses, emphasizes the need for solutions tailored to micro businesses: "Micro businesses are frequently overlooked by traditional card processing offerings due to exorbitant fees and cumbersome approval processes. PNC Mobile Accept is our answer to this challenge, offering robust payment capabilities tailored specifically for smaller operations."

This user-friendly service allows for card payments through two methods: manual entry and a compact reader that facilitates tap, dip, or swipe transactions. Furthermore, it features advanced options such as tax-and-tip functionality, encryption of cardholder data, and near real-time transaction tracking, ensuring both security and ease of use.

A significant advantage of PNC Mobile Accept is its compatibility with all major credit card providers. When transactions are completed, micro business owners can typically access their funds within just two business days, making cash flow management smoother and more efficient. The service is ideal for mobile entrepreneurs who have faced difficulties accepting card payments until now.

Clients of PNC Bank who maintain an active PNC business checking account can register for PNC Mobile Accept either at their local bank branch or through the PNC website, simplifying the process of integrating this payment solution into their business operations. Those interested can find more information at PNC's official website.

The payment processing services provided by PNC Mobile Accept are facilitated by Tempus Technologies, Inc., a subsidiary of PNC Bank itself. As one of the largest diversified financial institutions in the United States, PNC Bank is dedicated to enhancing the financial experience for its clients, particularly by offering tailored products and services for various business sizes and sectors.

For micro businesses seeking to modernize their payment acceptance methods without incurring huge costs, PNC Mobile Accept® provides an efficient, accessible solution designed to support their growth and financial stability. With this launch, PNC Bank is strengthening its commitment to fostering business success in the communities it serves, demonstrating that financial institutions can play a critical role in empowering entrepreneurs.

In summary, PNC Mobile Accept is not just another payment solution; it's a much-needed service for micro businesses focused on growth and efficiency. By removing barriers and providing a secure, seamless way to accept payments, PNC Bank is setting new standards in the landscape of small business banking.