The combined product offering delivers an eInvoicing and payment solution using private cloud technologies to simplify the implementation process for businesses of all sizes. As a result, banks can now serve their middle market customers with the advanced electronic lockbox technology and receivables automation previously available to only large corporations using highly customised solutions.
Mike Corbera , CEO of Revo Payments stated, “We are excited about partnering with US Dataworks to bring the flexibility of eInvoicing and payments to a broader audience of small to mid-sized businesses. Moving to fully electronic processing reduces waste and provides efficiencies to the whole economy. We are pleased to deliver this new combined solution to the thousand-plus banks currently served by the Clearingworks solution.”
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.