
offering merchant solution
Digital River through its Digital River World Payments solution, has expanded its Value Added Tax (VAT) management capabilities by partnering with Meridian Global Services, an organisation that assists merchants with their international VAT compliance, remittance and related needs.
Digital River has long provided VAT calculation and collection capabilities as part of its global commerce solution. Now, by working with Meridian, Digital River can extend its VAT advisory and remittance capabilities as a companion offering to its Digital River World Payments solution. The joint offering provides cross-border merchants access to both global online payments and VAT compliance solutions.
The technology combination benefits merchants by breaking down barriers that prevent them from maximising their overseas selling opportunities. While the solution enables merchants to cater to local preferences with regionally preferred payment options and purchasing experiences, Meridian’s solution helps merchants manage the back-office operations of VAT compliance, which go hand-in-hand with global transactions. Tight coordination across these functions can lead to a notable uplift in successful cross-border sales.
“By teaming up with Meridian, we can help merchants comply with a variety of local payment processes and complex tax requirements so they can expand into international markets more quickly and with less risk than they can on their own,” said Souheil Badran, Digital River’s senior vice president and general manager of Digital River World Payments. “We intend to continue to expand our ecosystem of best-of-breed payments partners to offer our customers even greater choice and more flexibility in building out their global payments programs.”
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more