Tennessee-based Transcard is increasing to Canada.
Transcard has partnered with Xodus Journey Companies to boost digital cost 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 cost establishment within the U.Ok.
Tennessee-based Transcard is bringing its cost orchestration capabilities north of the border this week. The corporate 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 associate with Transcard as they develop their cost options in Canada,” stated 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 presents a variety of instruments to assist banks, companies, and fintechs make and obtain digital funds and share cost knowledge 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 laws, akin to GDPR, RPAA, and PIPEDA, guaranteeing sturdy knowledge safety requirements.
“Launching in Canada marks a major milestone within the firm’s mission to boost digital cost options worldwide,” stated Transcard CEO Greg Bloh. “We’re excited to develop our capabilities, construct extra strategic partnerships and help clients in Canada.”
Transcard stated that it plans to go reside with extra Canadian financial institution connections later this yr. The corporate can even introduce real-time cost choices together with the Interac cost rail, digital card capabilities, and push to debit.
Right now’s information comes a couple of month after Transcard was granted authorization by the U.Ok. Monetary Conduct Authority (FCA) to function a cost 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 cost capabilities, presents options that mix multi-rail capabilities, embedded workflows, system of file integration, and reconciliation to help each B2B and B2C funds.
Picture by Andre Furtado
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