US-based vertically-integrated payment solutions provider Repay Holdings has integrated its technology with Billtrust to boost B2B payment offerings.
Billtrust is an accounts receivable automation and integrated B2B payments company.
Under this partnership, Repay will utilise the Business Payments Network (BPN) of Billtrust.
This will allow Repay’s corporate customers to automate electronic payments to Billtrust’s network of suppliers, distributors, and vendors.
This technology integration will simplify the payment process and boost the adoption of virtual credit cards.
Business buyers used to collect, verify, and store bank data individually with each supplier to send payments electronically.
By integrating with Billtrust’s BPN, Repay will be able to do the same for thousands of additional suppliers.
Billtrust SVP and GM of BPN Nick Babinsky said: “The service and supplier industry has seen an acceleration in adoption and preference of digital payments to streamline efficiencies and reduce costs related to the invoice-to-cash process.
“Considering Repay’s powerful payment automation platform and virtual card capabilities, this partnership was a natural fit.
“Their B2B customers will now be able to instantly leverage the extensive and continually growing Billtrust network of suppliers.”
Repay SVP of B2B Darin Horrocks said: “Our goal is always to help our customers simplify and optimise their vendor payments by automating payments through a single interface.
“We believe our partnership with Billtrust will significantly bolster the adoption of electronic payments to suppliers who participate in the BPN.”