Tennessee-based Transcard is increasing to Canada.
Transcard has partnered with Xodus Journey Companies to boost digital fee experiences with its SMART Suite platform.
The growth into Canada comes a month after Transcard earned authorization from the U.Ok. Monetary Conduct Authority (FCA) to function a fee establishment within the U.Ok.
Tennessee-based Transcard is bringing its fee orchestration capabilities north of the border this week. The corporate not too long ago went stay with its first Canada-based buyer, Xodus Journey Companies. Xodus is leveraging Transcard’s SMART Suite to facilitate fee orchestration and improve its digital fee expertise.
“We’re excited to companion with Transcard as they increase their fee options in Canada,” stated Xodus President and CEO David Rivelis. “By enabling their quick, safe, digital fee options, Xodus Journey Companies will provide policyholders an improved claims expertise with fee optionality and actual time fee choices.”
Transcard’s SMART Suite provides a spread of instruments to assist banks, companies, and fintechs make and obtain digital funds and share fee information with their prospects and suppliers. The embedded fee capabilities facilitate any fee kind over any fee rail utilizing any originating checking account. They work for each single and mass funds and might happen in real-time or be scheduled.
Transcard helps worldwide funds throughout a number of currencies and languages, together with Canadian French. Its options are designed to adjust to international laws, reminiscent of GDPR, RPAA, and PIPEDA, guaranteeing strong information safety requirements.
“Launching in Canada marks a major milestone within the firm’s mission to boost digital fee options worldwide,” stated Transcard CEO Greg Bloh. “We’re excited to increase our capabilities, construct extra strategic partnerships and help prospects in Canada.”
Transcard stated that it plans to go stay with extra Canadian financial institution connections later this yr. The corporate can even introduce real-time fee choices together with the Interac fee rail, digital card capabilities, and push to debit.
At the moment’s information comes a couple of month after Transcard was granted authorization by the U.Ok. Monetary Conduct Authority (FCA) to function a fee establishment within the U.Ok.
Transcard was based in 2012 and debuted a funds disbursement functionality, Panuver, at FinovateSpring 2016. The corporate, which serves greater than 500 firms with over 50 separate fee capabilities, provides options that mix multi-rail capabilities, embedded workflows, system of document integration, and reconciliation to help each B2B and B2C funds.
Picture by Andre Furtado
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