Corpay One launches solution for bill payments
Businesses globally are facing multiple challenges related to commercial payments such as slower payment transfers, non-ability to track payments and payment integration with legacy ERPs.
This week, Atlanta based spend management platform, Corpay One has announced the availability of Corpay Mastercard which is a credit card product for its clients. The card is fully integrated with Corpay One bill pay platform and it provides small businesses with one subscription-free solution to make payments and manage to spend.
Last year, J.P Morgan launched digital bill payment solution in partnership with Paymentus while Marqeta and Bill.com joined hands for commercial card program.
The company in a press note mentions that with this offering the small businesses will save ‘both time and money on the process of paying bills, while also earning rebates and extending cash flow’.
“Cash flow has always been top of mind for small businesses,” said Danny Martucci, President of Corpay One. Adding further he noted, “Combined with Corpay One, which automates tasks like bill pay, expense coding and reimbursements, we are further giving small businesses the tools they need to operate efficiently and grow.”
Corpay One is a Fleetcor company and provides services to businesses in bill payment and card solutions. As per company’s website footnotes, Corpay Mastercard is issued by Regions Bank, pursuant to a license by Mastercard International Incorporated.