Prior to the introducing of CashFlows Account, businesses have been forced to wait until customers’ payments were moved from their merchant account into their business bank account. The newly launched account provides businesses with a single account into which payments are received and accessed directly, eliminating the third parties.
The CashFlows Account enables users to gain access to a range of capabilities including:• a range of payment channels including online, mobile, mail and telephone orders, voice pay and e-invoicing;• A CashFlows Account business card which allows businesses to pay suppliers, purchase goods from their account;• A range of other services to support businesses including foreign exchange and an online management system.
CashFlows is backed by UK-based financial services group Voice Commerce which provides a range of electronic payments processing services. Most recently , CashFlows became a member of the global financial messaging services provider SWIFT.
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