Plains Commerce Bank
Plains Commerce Bank is a state-chartered, FDIC-insured community bank operating since 1931, offering the PlainsPay online platform for ACH and wire transfer payments to B2B businesses, fintech firms, and bookkeeping clients across the United States.
- Company typePrivate
- Founded1931
- HeadquartersAberdeen, United States
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What Plains Commerce Bank does
Plains Commerce Bank is a state-chartered community bank founded in 1931 and headquartered in Aberdeen, United States. It operates as an FDIC-insured institution regulated by both federal and state banking agencies, offering mortgages, loans, credit and debit cards, and financial consulting services to businesses and individuals. Its digital product surface is anchored by PlainsPay, an online payment platform that delivers ACH and wire transfer services for scheduling customer loan, vendor, and tax payments from a centralized interface.
The PlainsPay platform is built on 'nimble and accessible technology' supporting fully automated, customizable payment processing. Technical infrastructure includes redundant USA-based data centers, network redundancy, and business continuity plans. The platform is designed to be flexible for unique business needs and is marketed as integrable with partner systems, including an embedded integration with VercyFi's accounts payable BPO solutions. Distribution is sales-led, with dedicated account managers and a 'Talk to an Expert' engagement model deployed via the plainspay.com site, supplemented by opt-in SMS messaging for ACH processing communications.
Revenue is generated through a mix of transaction-based ACH and wire transfer processing fees and traditional community banking services (deposit accounts with higher interest rates and lower fees than larger banks). Target customer segments are verticalized across B2B businesses (primary), fintech firms, and bookkeeping/accounting firms. Pricing is quote-based and described as competitive/aggressive, with specific tiers not publicly disclosed. Named customers include Edge Capital (COO testimonial on ACH transaction management) and VercyFi (CEO testimonial on platform integration for AP automation).
Plains Commerce Bank firmographics
Firmographics- Name
- Plains Commerce Bank
- Legal name
- Plains Commerce Bank
- Website
- https://plainspay.com
- Company type
- Private
- Founded year
- 1931
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Plains Commerce Bank is a state-chartered, FDIC-insured community bank operating since 1931, offering the PlainsPay online platform for ACH and wire transfer payments to B2B businesses, fintech firms, and bookkeeping clients across the United States.
- Ownership category
- akta.pro rank
Plains Commerce Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Merchant & Commercial Acquiring (POS/eCommerce acquiring for corporates) (FSABAIAH)
- akta.pro secondary industry
- Alternative Payment Methods (APMs) & Local Rails (ACH/SEPA/UPI, etc.) (CRAFALAG)
Keywords
Where Plains Commerce Bank is headquartered
LocationHeadquarters
- HQ city
- Aberdeen
- HQ country
- United States
- HQ region
- North America
Markets served
Plains Commerce Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Payment Processing Fees: ACH processing and wire transfer services generate transaction-based revenue through fees charged per transaction. PlainsPay offers competitive/aggressive pricing to maintain market position.
- Banking Services Revenue: As a community bank, Plains Commerce Bank generates revenue through deposit services, offering higher interest rates on business deposits while maintaining lower fees on excess balances. Additional revenue from expedited payment processing and reduced check-related costs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Quote-based pricing - specific rates not publicly disclosed |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Plains Commerce Bank product offering
Product offeringCore offering
Plains Commerce Bank is a state-chartered community bank offering traditional banking products such as mortgages, loans, and credit/debit cards alongside its flagship digital platform, PlainsPay. PlainsPay is an online payment service that enables businesses to schedule and automate ACH and wire transfers for customer loan, vendor, and tax payments, supported by dedicated account managers and bank-level regulatory oversight.
Product overview
Plains Commerce Bank operates PlainsPay as its primary digital product — an online payment platform designed for business banking and payment processing. The core offering centers on PlainsPay, which provides ACH and wire transfer services, enabling businesses to schedule and manage customer loan payments, vendor payments, and tax payments. The platform is marketed as offering automated processing with flexible, customizable features. Beyond the digital payment service, clients gain access to traditional community bank services including higher interest rates on deposits and lower fees. The product portfolio is unified under the PlainsPay brand as the primary interface for businesses to access banking services.
Differentiator
Problem solved
Functional benefit
Products and services
- PlainsPay Payment Platform
Quantifiable outcome
- Reduced costs associated with paper checks
- +2 more outcomes
Companies that use Plains Commerce Bank
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Plains Commerce Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Plains Commerce Bank partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- VercyFicorePlains Commerce Bank's PlainsPay platform was integrated with VercyFi's accounts payable business process outsourcing solutions. The partnership enables VercyFi customers to access PlainsPay's payment processing capabilities through seamless integration, meeting increasing customer demand for efficient and accurate payment solutions.
Scale indicators1 record
Recent moves5 records
Expansion highlights4 records
Plains Commerce Bank competitors and assessment
Company assessmentDirect peers
- Modern Treasury: Modern Treasury is a payment-operations platform purpose-built for B2B ACH and wire transfer processing, offering APIs for automated payment workflows. It directly competes with PlainsPay's core ACH/wire value proposition, though it is API-first rather than bank-anchored.
- Dwolla: Dwolla provides ACH payment processing APIs for businesses, similar to PlainsPay's core offering. Both target businesses needing automated, configurable ACH for vendor, customer, and tax payments, though Dwolla is a fintech rather than a chartered bank.
- Coastal Community Bank: Coastal Community Bank is a community-chartered bank that operates a Banking-as-a-Service and embedded-payments franchise similar in spirit to PlainsPay. Both pair a community-bank charter with B2B fintech-style payment offerings.
Broad incumbents
- Stripe Treasury: Stripe Treasury offers embedded banking and ACH/wire capabilities to platforms, with sponsor-bank infrastructure. While broader than PlainsPay, it competes for the same embedded B2B payment volume and brings far greater scale.
- Live Oak Bank: Live Oak Bank is a technology-forward, digitally-delivered community bank serving small and mid-market businesses. Like Plains Commerce, it pairs a chartered bank with digital-first B2B services, though at significantly larger scale.
Regional players
- First Internet Bank: First Internet Bank is a state-chartered digital bank offering business banking and ACH services. It is comparable as a digitally-delivered, chartered-bank competitor to PlainsPay's B2B payment niche, though operating at a different scale.
- Column (formerly Northern Block): Column is a commercial bank offering API-driven banking infrastructure for fintechs and businesses. It is comparable to PlainsPay as a chartered bank delivering ACH/wire and embedded-banking services to B2B and fintech customers.
Emerging players
- Increase: Increase is an API-first banking platform built on top of bank partners, offering ACH, wire, and treasury infrastructure to businesses. It overlaps with PlainsPay on B2B ACH/wire but delivers through developer APIs rather than a single bank's branded portal.
- Treasury Prime: Treasury Prime is a banking-as-a-service platform connecting fintechs with sponsor banks for ACH, wire, and embedded accounts. It competes for the same embedded-payments use cases that PlainsPay addresses via its VercyFi-style partnership model.
- Thread Bank: Thread Bank is a chartered bank offering embedded banking, ACH, and treasury services to fintechs and businesses. It is comparable to PlainsPay as a chartered bank pursuing embedded-payments distribution via partner integrations.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Plains Commerce Bank social profiles
Digital presencePlains Commerce Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Plains Commerce Bank leadership team
Management profileNumber of profiles
Profiles1 record
Plains Commerce Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Plains Commerce Bank M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Plains Commerce Bank
What does Plains Commerce Bank do?
Plains Commerce Bank is a state-chartered community bank offering traditional banking products such as mortgages, loans, and credit/debit cards alongside its flagship digital platform, PlainsPay. PlainsPay is an online payment service that enables businesses to schedule and automate ACH and wire transfers for customer loan, vendor, and tax payments, supported by dedicated account managers and bank-level regulatory oversight.
Is Plains Commerce Bank a public or private company?
Plains Commerce Bank is a private company. It is classified as unknown and is currently operating.
When was Plains Commerce Bank founded?
Plains Commerce Bank was founded in 1931. It employs 251 to 500 people.
Where is Plains Commerce Bank based?
Plains Commerce Bank is headquartered in Aberdeen, United States, in the North America region.
How does Plains Commerce Bank make money?
Two revenue lines are on record. Payment Processing Fees are the primary driver. The others are banking Services Revenue.
Who are Plains Commerce Bank's main competitors?
Direct peers on record are Modern Treasury, Dwolla and Coastal Community Bank. Broad incumbents are Stripe Treasury and Live Oak Bank. Regional players are First Internet Bank and Column (formerly Northern Block). Emerging players are Increase, Treasury Prime and Thread Bank.
Does Plains Commerce Bank have an API?
No public API is recorded for Plains Commerce Bank.
What industry is Plains Commerce Bank in?
Plains Commerce Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAIAH, Merchant & Commercial Acquiring (POS/eCommerce acquiring for corporates), with a secondary code of CRAFALAG, Alternative Payment Methods (APMs) & Local Rails (ACH/SEPA/UPI, etc.). Its NAICS code is 52211 and its SIC code is 6022.