Digital business payments company Bill.com has released a smartphone solution that allows merchants to manage business payments.
The financial services sector is currently undergoing a digital revolution, with an Accenture report stating that in 2014, investments into financial technology reached $12bn.
Cloud-based mobile technology received a large amount of investment during that period and the technological results are starting to show.
Bill.com has developed an iOS application that integrates cloud technology and applies it to mobile devices, offering small and medium sized merchants an opportunity to make and receive payments without having to go through traditional banks. The technology will be available for Android users later this year.
‘‘We are in the midst of a tremendous shift as the world of payments becomes digital, and increasingly mobile,’’ explained René Lacerte, CEO of Bill.com.
The application enables consumers to sort bills by due date, vendor name, amount, or time pending in the queue. Merchants will also have more control over their payments, gaining the ability to cancel and check the status of their transactions.
‘‘At Bill.com, we are making sure no business is left behind. That is why we are so thrilled to introduce a new mobile platform. It is built on the Bill.com platform to provide small and medium-sized businesses with a fast, secure and easy way to manage payments from their mobile device,’’ continued Lacerte.
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