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Erie County Strikes Banking Deal with M&T Bank

Buffalo, NY (WBEN) Erie County Comptroller Stefan Mycahjliw says it is getting "out of the stone age" when it comes to the county's banking, signing an agreement with M&T Bank.

Mychajliw says since 2006, the county has dealt with six different banks. “Today, Erie County will finally start moving into the 21st century,” said Comptroller Mychajliw.  “Not only will M&T help us eliminate a lot of paper from County Hall, but they’ll also help us reduce the paper-pushing that goes along with it, so we can focus on improving service, improving quality, improving sustainability and lowering costs for Erie County’s taxpayers.”

“Beginning immediately, M&T’s local team will be working with Comptroller Mychajliw and his staff to implement new technological solutions that will help Erie County reduce the cost of banking services and streamline county operations,” says M&T's Jeffrey. Wellington.

To effectively and efficiently meet Erie County’s banking needs—including payroll processing, credit card and check processing and payment processing—M&T will utilize several new programs and technologies, such as:

  • A web-based E-Payment system that will greatly reduce the disbursement of paper checks and replace them with electronic payments—and provide the county with a project $500,000 in “Cash Back” savings

  • Comprehensive web-based record-keeping and reporting systems that provide county officials with up-to-the-minute access to all of its financial data and information

  • Remote Check Deposit technology that allows the county to deposit checks instantly from any location at any time, saving time and money

  • Enhanced fraud protection to help safeguard public funds, including automated check and payee verification systems, digital ACH payment originations and wire fraud protection services.

  • Free payroll check-cashing and “Bank-at-Work” financial education programs for county employees, and

  • Credit card processing at county golf courses, parks and all other public facilities

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Topics : Business_Finance
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Locations : BuffaloErie CountyWellington
People : MychajliwStefan Mycahjliw
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