PCMI teams up with Infintech to launch automated B2B payments
With the rapid digitization of commercial payments this year, large numbers of agents related to the commercial payments space are embracing this opportunity to integrate payments options inside their management platforms with greater degree, providing increased flexibility and simplicity for businesses to adopt these solutions.
In one such case, Policy Claim Management International (PCMI), a US-based payments administration software company which deals with insurance claim management, has partnered with Infintech, which is a payment processing company, in order to create an automated process for dealers and administrators.
According to the press release, Infintech’s payment gateway will be integrated with PCMI’s Policy Claim and Reporting Solutions (PCRS) platform, which would allow for enabling ACH for dealers to submit bills and a gateway where they can monitor transactions.
Under this partnership, “PCRS administrators have the capability to support both ACH and integrated credit cards from dealers”. As the transactions are done, the PCRS Agent portal will provide an online update allowing for a simplified month-end process which would enable businesses with payments data.
Earlier this year, Volopay partnered with Wallex, under which venture they planned to launch an integrated platform for Singapore based SMEs, and with Nium, with which they planned to integrate an expense management solution using Nium’s API solutions.