• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Advertise
  • About Craft Brewing Business

Craft Brewing Business

Professional Insight, Unfiltered

  • News
  • Business & Marketing
  • Ingredients & Supplies
  • Packaging & Distribution
  • Equipment
  • Webinars & White Papers
  • COVID-19

National Beer Wholesalers Association, Fintech announce strategic partnership

September 5, 2014Jason Morgan

The National Beer Wholesalers Association (NBWA) and Fintech announced a strategic partnership aimed at growing the number of beer industry payments conducted via electronic funds transfer (EFT).

fintech logoAs part of the partnership, NBWA member companies are eligible for discounts on their annual fees paid to Fintech and will enjoy quarterly rebates on new business they refer. Additionally, NBWA member companies who join Fintech in the future will enjoy discounts on their initial subscription costs. Qualified distributors also will benefit from rate locks on their transaction fees. Finally, as Fintech expands its already significant data services, the two organizations will work together closely to generate industry data.

National Beer Wholesalers“For years NBWA has been promoting the use of EFT as a way to meet retailer needs,” said NBWA’s Senior Director of State and Industry Affairs Dave Christman. “Through this partnership, we’re hopeful distributors will increase the amount of electronic payments they collect to the mutual benefit of their business as well as their retailers.”

Fintech, a leader in providing electronic data and payments to the alcohol industry, has been a strong advocate of the NBWA and a regular participant at the association’s annual convention and trade show. Fintech currently provides service to more than 300,000 retailer-distributor relationships nationwide and is the only EFT provider that is compliant and available for use in all 50 states. With more than 2,300 alcohol distributors utilizing Fintech’s system nationwide, the potential benefits of this partnership are limitless.

“I believe this strategic partnership demonstrates a mutual commitment to providing the beverage alcohol community enhanced data and services that will assist in the creation of a 100 percent electronically-paying customer base, which will in turn aid industry growth and streamline efficiency for both distributors and their retailers,” said Fintech Chief Executive Officer Scott Riley. “We couldn’t be more excited at the opportunity to work with such a great organization.”

Watch: This awareness video on human trafficking from beer wholesaler Markstein Sales will move you to action
self distribution craft beer
National Beer Wholesalers Association continues to grow awareness about human trafficking
National Beer Wholesalers
Beer purchasing shows signs of normalcy in October says NBWA
BPI-september
Beer distributors stay aggressive on ordering to minimize out-of-stock in September

Reader Interactions

Comments

  1. Phil Smith says

    September 5, 2014 at 4:07 pm

    Phil Smith liked this on Facebook.

    Log in to Reply
  2. Brock Dilger says

    September 5, 2014 at 12:07 pm

    Brock Dilger liked this on Facebook.

    Log in to Reply
  3. crsimp01 says

    September 5, 2014 at 11:39 am

    National Beer Wholesalers Association, Fintech announce strategic partnership http://t.co/Tc884PZtPt via @craftbrewingbiz

    Log in to Reply

Leave a Reply Cancel reply

You must be logged in to post a comment.

Primary Sidebar

Latest News

  • Beer rebrands continue: Ballast Point, Fremont, New Glory and Blue Point (also, enjoy some tips for your refresh)
  • Colorado Strong launches public awareness campaign to help independent breweries
  • Here’s a video recap of 2020 from Deep Ellum Brewing, complete with dubstep score
  • Malt maker Rahr purchases all of eco energy maker Koda

Sign up for our newsletter

unsubscribe from list

Most Popular Today

Recent Features

  • Beer rebrands continue: Ballast Point, Fremont, New Glory and Blue Point (also, enjoy some tips for your refresh)
    January 21, 2021
  • virginia-beer-co-renovationHow Virginia Beer Co. used the shutdown to overhaul its facility (and keep people employed)
    January 19, 2021
  • Clean air, clean beer: New Ingersoll Rand oil-less reciprocating air compressors are ideal for breweries (aeration to canning)
    January 18, 2021
  • Non-alcoholic beer brand Athletic Brewing closes $17M+ in funding with famous backers, selects Crafted ERP, eyes big growth
    January 18, 2021
  • Watch: This awareness video on human trafficking from beer wholesaler Markstein Sales will move you to action
    January 14, 2021
  • Distribution updates: Massachusetts brewers celebrate franchise reform, Yuengling goes to Texas with Molson Coors and more from Bell’s, Stone and beyond
    January 14, 2021

Footer

  • Email Newsletter Sign Up
  • About Craft Brewing Business
  • Contact Us
  • Advertise on Craft Brewing Business
  • Media Kit Download
  • Privacy and Terms

© 2021 · CBB Media LLC

Continue ...

sponsored by