FIBT Chief Payments Officer Trent Sorbe, Head of Payments Risk Management Mandy Cooper, Head of Payment Products & Strategy Brooke Fitts, Head of Cards & BaaS Operations Heather Schumacher, & Managing Director of Kotapay Jim Haug
Kotapay recently expanded to Sioux Falls, marking a significant milestone in its continued growth. For more than 30 years, Kotapay has offered streamlined electronic payment solutions for accounts payable, accounts receivable, reliable payroll services, and a wide array of secure products designed to help businesses manage their cash flow. Originally based in Fargo, ND, Kotapay continues to serve clients nationwide, helping them move confidently into the ever-expanding world of payments.
In 2024, Kotapay was named to Nacha’s Top 50 ACH Originating Financial Institutions in the United States list for the fifth consecutive year. Last fall, Kotapay launched its Banking as a Service (BaaS) 2.0 platform, Kavinu™, giving clients access to a host of new services, including ACH, realtime payments, identity verification, and account validation, with virtual and physical card issuing (debit, mobile, prepaid, and payroll cards) on the horizon.
Leveraging First International Bank & Trust’s 115-year heritage, Kotapay is committed to building the future of financial technology, with integrity, scale, and innovation. Part of this innovation happens in areas that many do not see, including how they help protect their clients from fraud. By introducing new authentication methods, incorporating additional systems to scan for suspicious behavior, and expanding their risk management team, Kotapay has prevented significant financial loss for their clients.
Kotapay, Powered by First International Bank & Trust
601 S Minnesota Ave
Sioux Falls, SD 57104
800.378.3328
Kotapay.com
