First Financial Bankshares, Inc. announced that they have launched Picture Pay, a unique mobile bill pay solution, becoming the first bank in the United States to offer this solution to its customers. The process is as simple as taking a picture of a vendor bill and submitting it for payment.
âWe are very excited to launch this new technology that pays bills utilizing the camera functionality of Smart phones. We are proud to be the first bank in the nation to provide this convenient solution to customers which demonstrates our commitment to offering state-of-the-art technology for our customers,â said F. Scott Dueser, Chairman, CEO and President of First Financial Bankshares.Â
âAs we see more of our customers bypassing traditional banking channels in favor of the mobile channel, mobile payment capabilities become increasingly important,â added Gary L. Webb, Executive Vice President of Operations. âOur customers expect intuitive and quick transaction capabilities through our smartphone banking solution, and traditional bill pay can require upwards of 10 steps to complete. Picture Pay lines up well with our focus on ease-of-use and truly makes the bill payment process âsmart.â Our customers love the convenience of depositing checks and receiving text alerts through the mobile channel and now that convenience will exist when paying a bill.â
"All you need is a bill with the name and address of the company with your account number associated with the bill," said President and CEO of First Financial Bank in Sweetwater Kirby Andrews.
"This technology also works with deposits," said Senior Vice President of First Financial Bank Debbie Anthony. "All you do is take a photo of a check and it can be deposited with next-day availability."
To be able to access this technology, one must download the free First Financial Bank application to a smart phone (iPhone or Android).
"It is exciting leading the banking industry in this technology, as we are the first in the nation to offer this to our banking customers." said Andrews.
Headquartered in Abilene, Texas, First Financial Bankshares, Inc. (NASDAQ: FFIN) is a financial holding company that operates 11 banking regions with 55 locations in Texas including Abilene, Acton, Albany, Aledo, Alvarado, Boyd, Bridgeport, Brock, Burleson, Cisco, Cleburne, Clyde, Crowley, Decatur, Eastland, Fort Worth, Glen Rose, Granbury, Grapevine, Hereford, Huntsville, Keller, Merkel, Midlothian, Mineral Wells, Moran, Odessa, Ranger, Rising Star, Roby, San Angelo, Southlake, Stephenville, Sweetwater, Trent, Trophy Club, Waxahachie, Weatherford and Willow Park. The Company also operates First Financial Trust & Asset Management Company, N.A., with six locations and First Technology Services, Inc., a technology operating company.
The Company is listed on The NASDAQ Global Select Market under the trading symbol FFIN. Â For more information about First Financial Bankshares, visit their website at http://www.ffin.com and follow them on Twitter at http://www.twitter.com/First_Financial.