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E-invoicing, SCF & E-procurement

Finexio teams with Cass Information Systems to serve B2B payment market

Friday 4 January 2019 | 11:13 AM CET

US-based B2B payment network Finexio has partnered with Cass Information Systems to provide financial exchange services to Finexio and its clients.

The financial services provided by Cass, which are supported by Cass subsidiary Cass Commercial Bank, include funds management, transaction processing, ACH and check processing , and financing solutions. According to Finexio representatives, the partnership with Cass, an information processing and financial holding company with experience in routing and handling B2B payments, provides Finexio and its customers access to a Federal Reserve member bank with a suite of compliance and fraud detection tools.

Finexio's AP 'Payments-as-a-Service' solution identifies the optimal payment acceptance method for all suppliers and leverages proprietary analytics and artificial intelligence tools to generate higher conversion rates of suppliers to electronic payments.

More: Link
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