Paya and RECUR360 announces partnership to implement integrated payments for B2B clients
Before the pandemic where the digitization of commercial payments space was without the focus on automation of payments, the same isn’t true post-pandemic. Companies have largely focused on providing payment facilities as well as creating an environment for less manual work.
In such, US-based payments processor Paya has announced a strategic partnership with invoicing and payment processing platform, Recur360. Under this partnership, Recur360 will offer its clients ‘enhanced capabilities and support for integrated card and ACH’. The company under this partnership will also tap into ‘new, underserved markets’ which include wholesalers, distributors, and field service providers.
Last week, Finstro introduced a corporate card and ERP platform in the US.
Paya’s CEO, Jeff Hack said that the partnership also provides the company with ‘further opportunities to serve B2B-focused software clients within the field services industry, where our integrated payments capabilities can offer a major value proposition’.
Paya is a Nasdaq listed company that provides integrated payment and commerce solutions. The press release notes that the company processes over $35 billion of annual payment volume across credit/debit cards, ACH, and check, making it a top 20 provider of payment processing in the US and serves more than 100,000 customers.
While Recur360 Technologies LLC is a provider of Invoice and Payment Automation for QuickBooks Desktop and Online users and it improvises the workflow for QuickBooks by speeding up recurring invoice generation, payment processing, batch emailing, collections, late fees, convenience fees and sales tax calculation.