Billtrust announces Businesses Payments Network (BPN) 3.0
US-based fintech company, Billtrust has launched Business Payments Network 3.0 which will add support Automated Clearing House (ACH) and wire transactions.
Earlier this year, Billtrust and Visa had collaborated on Billtrust’s Business Payments Network (BPN). According to the press release, Billtrust said that the network on which they and Visa collaborated, there has been 118% increase in payments volume in the first half of 2020, compared to the first half of 2019. Visa’s clients such as Heartland Financial USA, Inc., M&T Bank and Regions Bank have begun participating in BPN in the first half of 2020.
J.P. Morgan, CSI and Finexio have joined Business Payments Network this year.