US-based B2B payment solution provider Bento for Business has teamed up with Visa to roll out a new debit card product.
The new product is designed for small and mid-size businesses (SMBs).
Under the agreement, the B2B payment firm will add Visa Business debit cards to its modular financial operating platform. Furthermore, this aims to help small businesses manage their cash and employee expenses.
The integration will give Visa’s SMBs clients access to Bento’s businesses management tools. These include budgeting, capital management, employee card controls, and bookkeeping.
Visa global head of small and medium enterprises David Simon said: “The SMB segment is a priority for Visa and we continue to be an advocate for the 30 million SMBs in the United States.
“The Bento solution will evolve how Visa Business cardholders and merchants manage expenses and gain insights into their cash flow and financial management activities.”
CEO, Farhan Ahmad said: “We are confident that working with Visa will strengthen and accelerate our mission to bring a complete financial operating platform to the underserved SMB market and help these businesses to unlock the fullest potential of their working capital.”
Visa has been added to Bento’s operating platform, having teamed up with Mastercard in 2015.