Tennessee-based Transcard is increasing to Canada.
Transcard has partnered with Xodus Journey Companies to reinforce digital cost experiences with its SMART Suite platform.
The enlargement into Canada comes a month after Transcard earned authorization from the U.Okay. Monetary Conduct Authority (FCA) to function a cost establishment within the U.Okay.
Tennessee-based Transcard is bringing its cost orchestration capabilities north of the border this week. The corporate just lately went reside with its first Canada-based buyer, Xodus Journey Companies. Xodus is leveraging Transcard’s SMART Suite to facilitate cost orchestration and improve its digital cost expertise.
“We’re excited to companion with Transcard as they increase their cost options in Canada,” mentioned Xodus President and CEO David Rivelis. “By enabling their quick, safe, digital cost options, Xodus Journey Companies will provide policyholders an improved claims expertise with cost optionality and actual time cost choices.”
Transcard’s SMART Suite provides a variety of instruments to assist banks, companies, and fintechs make and obtain digital funds and share cost information with their clients and suppliers. The embedded cost capabilities facilitate any cost sort over any cost 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 rules, reminiscent of GDPR, RPAA, and PIPEDA, guaranteeing sturdy information safety requirements.
“Launching in Canada marks a major milestone within the firm’s mission to reinforce digital cost options worldwide,” mentioned Transcard CEO Greg Bloh. “We’re excited to increase our capabilities, construct extra strategic partnerships and assist clients in Canada.”
Transcard mentioned that it plans to go reside with extra Canadian financial institution connections later this 12 months. The corporate may also introduce real-time cost choices together with the Interac cost rail, digital card capabilities, and push to debit.
In the present day’s information comes a few month after Transcard was granted authorization by the U.Okay. Monetary Conduct Authority (FCA) to function a cost establishment within the U.Okay.
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 cost features, provides options that mix multi-rail capabilities, embedded workflows, system of report integration, and reconciliation to assist each B2B and B2C funds.
Picture by Andre Furtado
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