B2B real-time payment provider, Traxpay, is forming the Traxpay Corporate Banking Advisory Board to provide additional corporate banking, payments and institutional finance expertise to the company (view press release). The advisors will help the company establish a true real-time payment system in line with international banking security standards and practices.
“While the banking industry has made strides over the past decade in electronic payments, we are now experiencing ‘the perfect storm’ to realise the biggest advance in transaction-basedbanking,” said Richard Oliver, chairman of the Traxpay Corporate Banking Advisory Board. “Companies now have optimised enterprise systems that provide the infrastructure to link their suppliers and vendors. And, following the success of Paypal, B2B companies are ready to adopt real-time payment systems.”