TransferMate

JAGGAER Pay Open Connect Automates Payments with Any Global Payment System

Retrieved on:

Thursday, July 20, 2023

JAGGAER Pay Open Connect enables end-to-end global accounts payable (AP) automation, providing users with the ability to onboard suppliers, process invoices, and originate all their global payments in a single, seamlessly integrated solution.

Key Points:

JAGGAER Pay Open Connect enables end-to-end global accounts payable (AP) automation, providing users with the ability to onboard suppliers, process invoices, and originate all their global payments in a single, seamlessly integrated solution.
JAGGAER Pay Open Connect is not an add-on to your existing payments stack but rather replaces and automates the complete solution.”
Legacy AP payment processes are manual and inefficient.
Alongside JAGGAER’s selection of natively integrated, best-in-class payment partner apps, users can now leverage end-to-end global AP automation plugged into any global bank or payments processor, such as JAGGAER Pay’s longstanding Open Connect verified partner, TransferMate.
TransferMate enables JAGGAER customers to simplify payments within JAGGAER while expanding their payments reach to 140+ currencies and 200+ countries and territories.

Dwolla Reports 45% Growth QoQ in Partner Ecosystem, Adds Flinks to Secure Exchange

Retrieved on:

Wednesday, April 26, 2023

Partnership, Plaid, MX, ACH, Apache Flink, Nairobi Securities Exchange, Partner, Mastercard, Growth, Ecosystem, TransferMate, Cryptocurrency, Bank, Dwolla

DES MOINES, Iowa, April 26, 2023 /PRNewswire/ -- Modern payments platform, Dwolla, today announced 45% growth of their Partner Ecosystem in Q1 of 2023. As part of this growth, data aggregator Flinks joined other partners in Dwolla's Secure Exchange solution to offer a seamless account verification service to Dwolla's clients. Since Q4 of 2022, the Dwolla Partner Ecosystem that connects referral and reseller partners to advanced account-to-account tools and services, has seen significant growth thanks to the rising demand for complementary, low-cost payment methods, provided by Dwolla's account-to-account solutions.

Key Points:

DES MOINES, Iowa, April 26, 2023 /PRNewswire/ -- Modern payments platform, Dwolla , today announced 45% growth of their Partner Ecosystem in Q1 of 2023.
As part of this growth, data aggregator Flinks joined other partners in Dwolla's Secure Exchange solution to offer a seamless account verification service to Dwolla's clients.
"We're thrilled to partner with Dwolla and bring our leading data connectivity to their payments platform, creating a powerful combination that'll benefit businesses and consumers alike.
Our partnership will unlock new opportunities for seamless and secure financial transactions, and we couldn't be more excited about what's ahead."

TransferMate Secures $70m Funding Round to Accelerate Innovation in B2B Cross-Border Payments and Expand Its Global Presence; Company Valued at $1BN

Retrieved on:

Monday, May 23, 2022

TransferMate, the worlds leading provider of B2B payments infrastructure as-a-service, today announced a $70M funding round bringing the company to a valuation of $1BN and $130M of total funding.

Key Points:

TransferMate, the worlds leading provider of B2B payments infrastructure as-a-service, today announced a $70M funding round bringing the company to a valuation of $1BN and $130M of total funding.
This funding round which consists entirely of primary capital will be used to expand its teams globally and further invest in its technology innovation and product suite.
By combining our technology and our global licence network, we empower software providers, banks and fintechs to deliver payments dramatically faster & cheaper than the traditional SWIFT system.
This new round of investment together with the $1BN valuation further sets TransferMate apart as the worlds most comprehensive independent B2B payments network.

Medius Acquires US-Based OnPay Solutions to Strengthen 'Last Mile' Payment Automation

Retrieved on:

Tuesday, March 29, 2022

LLP, NA, ACH, Automation, Growth, City, Anomaly, Fraud, Stoel Rives, CEO, Organization, LLC, AP, Workflow, Mark (given name), TransferMate, Acquisition, Management, Online shopping, Medius

STOCKHOLM, March 29, 2022 /PRNewswire/ -- Medius, a leading provider of accounts payable (AP) automation solutions, today announced the acquisition of OnPay Solutions, an invoice payments provider, for an undisclosed sum. The deal will enable Medius to integrate payment processing – AP automation's 'last mile' – directly into its source-to-pay platform, enhancing its customers' operational efficiency and strengthening their anomaly, fraud and risk detection capabilities.

Key Points:

"Payment processing is the last mile in AP automation," comments Jim Lucier, CEO of Medius.
The team at OnPay Solutions brings both and we are delighted to welcome them to the Medius family."
Neal Anderson, President and CEO of OnPay Solutions comments: "OnPay Solutions is a payments-led solution that has built deep, enduring relationships with its clients over the last decade.
Stoel Rives LLP is acting as legal counsel to Medius, and Morris, Manning & Martin, LLP, is acting as legal counsel to OnPay Solutions.

Medius Acquires US-Based OnPay Solutions to Strengthen 'Last Mile' Payment Automation

Retrieved on:

Tuesday, March 29, 2022

LLP, NA, ACH, Automation, Growth, City, Anomaly, Fraud, Stoel Rives, CEO, Organization, LLC, AP, Workflow, Mark (given name), TransferMate, Acquisition, Management, Online shopping, Medius

STOCKHOLM, March 29, 2022 /PRNewswire/ -- Medius, a leading provider of accounts payable (AP) automation solutions, today announced the acquisition of OnPay Solutions, an invoice payments provider, for an undisclosed sum. The deal will enable Medius to integrate payment processing – AP automation's 'last mile' – directly into its source-to-pay platform, enhancing its customers' operational efficiency and strengthening their anomaly, fraud and risk detection capabilities.

Key Points:

"Payment processing is the last mile in AP automation," comments Jim Lucier, CEO of Medius.
The team at OnPay Solutions brings both and we are delighted to welcome them to the Medius family."
Neal Anderson, President and CEO of OnPay Solutions comments: "OnPay Solutions is a payments-led solution that has built deep, enduring relationships with its clients over the last decade.
Stoel Rives LLP is acting as legal counsel to Medius, and Morris, Manning & Martin, LLP, is acting as legal counsel to OnPay Solutions.

ComplyAdvantage Names Nabeel Vilcassim CFO and Oliver Furniss CPO As The RegTech Innovator Prepares For Record Growth In 2022

Retrieved on:

Thursday, January 20, 2022

For 2022, the company anticipates its growth momentum to continue to hit record levels and expects to grow the team to ~500 employees by year end.

Key Points:

For 2022, the company anticipates its growth momentum to continue to hit record levels and expects to grow the team to ~500 employees by year end.
As CFO, Nabeel will oversee all areas of the finance organisation including the finance function, corporate development, compliance, and investor relations.
I chose to join ComplyAdvantage because of the exciting mission the company is working on, said Oliver Furniss.
"And now with the new additions of Nabeel and Oliver, the company is poised to make 2022 another breakthrough year.

New Transact International Payments Offering Provides Universities With Streamlined Solution to Easily Accept Global Currencies

Retrieved on:

Monday, October 25, 2021

Transact , the leader in innovative payment solutions for a connected campus, today announced the launch of its new Transact International Payments offering that provides universities with a streamlined approach to accept international currencies.

Key Points:

Transact , the leader in innovative payment solutions for a connected campus, today announced the launch of its new Transact International Payments offering that provides universities with a streamlined approach to accept international currencies.
Through a partnership with TransferMate, a globally regulated payments infrastructure-as-a-service, Transact will support the end-to-end processing of international payments for students and universities.
The new Transact International Payments solution will process payments from 162 countries and support more than 134 currencies.
Finally, Transact International Payments supports bank transfer, credit cards, and alternate payment options, so students may select the international payments method of their choice.

Ivalua Partners with TransferMate to Eliminate the Financial Friction from Cross-Border Trade

Retrieved on:

Monday, October 25, 2021

Today supplier payments, especially those that facilitate global trade, follow a complex, costly, and time-consuming process that often results in late payments.

Key Points:

Today supplier payments, especially those that facilitate global trade, follow a complex, costly, and time-consuming process that often results in late payments.
With global trade volumes expected to grow by 4.7% in 2022*, the financial friction that arises from such transactions weakens links in the supply chain.
"We are delighted to be partnering with Ivalua to complete the advanced capabilities of their pioneering new payments platform, helping them to eliminate the friction inherent in the financial processes of international trade."
The TransferMate API solution allows partners to digitalise the payments flow within their software, enabling all businesses to achieve significant time and financial savings.

Spend Matters Releases its 2021 Procurement Technology "50 Providers to Know," "50 Providers to Watch" and "Future 5" Lists

Retrieved on:

Monday, October 11, 2021

The analysts at Spend Matters bring technology alive and always provide such incredible insights for our members.

Key Points:

The analysts at Spend Matters bring technology alive and always provide such incredible insights for our members.
The 2021 lists include nine providers that have earned the 50 Providers to Know distinction each and every year the lists have been published!
To be considered by the Spend Matters analyst team for next years lists, procurement technology providers can create a free listing in the Spend Matters Almanac .
The entire Spend Matters analyst team will highlight what you should know about the procurement technology and service providers on the 2021 lists.

TransferMate Global Payments Selects ComplyAdvantage For The Company’s Award-Winning AML And Risk Screening Solutions

Retrieved on:

Wednesday, September 22, 2021

Today ComplyAdvantage , a global data technology company transforming financial crime detection announced that TransferMate Global Payments, a leading global B2B-payments technology solution provider, has selected the reg tech innovators award-winning customer onboarding, transaction screening and monitoring solutions.

Key Points:

Today ComplyAdvantage , a global data technology company transforming financial crime detection announced that TransferMate Global Payments, a leading global B2B-payments technology solution provider, has selected the reg tech innovators award-winning customer onboarding, transaction screening and monitoring solutions.
ComplyAdvantage offers an intelligent hyperscale approach to AML and risk detection powered by the companys proprietary data graph called ComplyData.
Clearly, their team values the importance of rigorous risk management solutions which in our highly regulated environment is a strategic imperative.
The TransferMate API solution allows partners to digitalise the payments flow within their software, enabling all businesses to achieve significant time and financial savings.