Moneris Solutions, a Canada-based payment-processing firm, has introduced electronic payment processing solutions to the business-to-business (B2B) marketplace in Canada.
These business-to-business payment solutions will allow businesses to accept electronic payments from commercial customers.
The company expects to launch its first B2B solution in spring 2016 in partnership with Boost Payment Solutions.
Called Boost Intercept, the B2B payment platform will be launched in Canada and will support multiple commercial card platforms.
Moneris said that the solutions would provide suppliers and buyers with a simplified accounting processes and an opportunity for improved cash flow.
The new B2B solutions have been designed to target business suppliers accepting payments from commercial customers and card issuing partners.
The services will benefit suppliers by offering them accounts receivable solutions that accelerate payment delivery times and optimize business operations, while card-issuers will benefit from supplier enablement services that help simplify the migration to electronic payment acceptance for suppliers.
Moneris B2B services will comprise strategy consulting, onboarding management, supplier enablement and reporting analytics.
Boost chairman and CEO Dean Leavitt said: "We’re confident that our collective expertise and the Boost Intercept platform will forever change the electronic payments landscape for businesses in Canada."