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March 12, 2021

Tangoe partners Vendorin to enhance payment processing

By Shalini mani

IT firm Tangoe has joined forces with electronic payment enablement and solutions provider Vendorin to enhance payment processing across its portfolio of solutions.

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Through the partnership, Tangoe rolled out Bill Pay+ powered by Vendorin as its new enterprise-focused bill pay option. It includes StopFraud service-based security, noted the firm.

The solution also offers access to a dedicated treasury portal and features all spend categories.

Bill Pay+ is said to be a gateway solution that offers a complete payment lifecycle solution to Tangoe customers.

It allows customers to carry out financial transactions for any electronic payment method, while validating the supplier-provided information and multiple payment types from a single file transmission.

Tangoe vice-president services Bryan Seidensticker said: “In addition to PCI compliance, one of the many enhancements built into the new Bill Pay+ solution is StopFraud.

“StopFraud provides both payor and payee with industry-leading assurance that the funds approved for payment are actually delivered in the payee’s preferred electronic format on-time and without interception.”

“Bill Pay+ strengthened by the Vendorin portal, provides access to real-time payment transactional data. Customers can now see the progression of their payments processing at the most granular level.”

Bill Pay+, which is said to integrate with existing processes, provides efficiencies to close the loop on invoice processing, while eliminating late fees and service disruptions.

Vendorin uses its ‘Inroll’ technology to help buyers enrol and pay their suppliers using any payment method.

The Mississippi-based firm was acquired by Corcentric last month, for $100m, from Juvo Technologies.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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