Tennessee-based Transcard is increasing to Canada.
Transcard has partnered with Xodus Journey Companies to reinforce 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 dwell 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 accomplice with Transcard as they increase their fee options in Canada,” mentioned Xodus President and CEO David Rivelis. “By enabling their quick, safe, digital fee options, Xodus Journey Companies will supply policyholders an improved claims expertise with fee optionality and actual time fee choices.”
Transcard’s SMART Suite gives a variety 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 sort over any fee rail utilizing any originating checking account. They work for each single and mass funds and may 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 world laws, reminiscent of GDPR, RPAA, and PIPEDA, guaranteeing strong information safety requirements.
“Launching in Canada marks a big milestone within the firm’s mission to reinforce digital fee options worldwide,” mentioned Transcard CEO Greg Bloh. “We’re excited to increase our capabilities, construct extra strategic partnerships and assist prospects in Canada.”
Transcard mentioned that it plans to go dwell with extra Canadian financial institution connections later this 12 months. The corporate may also introduce real-time fee choices together with the Interac fee rail, digital card capabilities, and push to debit.
Right this 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 features, gives options that mix multi-rail capabilities, embedded workflows, system of file integration, and reconciliation to assist each B2B and B2C funds.
Photograph by Andre Furtado
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