Nick Babinsky, Vice President & General Manager, Business Payments Network, Billtrust

United-States-based companies Billtrust and Comdata announced a new partnership as businesses look towards to digital payments to streamline efficiencies and reduce costs related to the invoice-to-cash process. The partnership saw Comdata, a B2B payments processor and commercial card issuer join Billtrust’s Business Payments Network (BPN), enabling former’s 30,000 buyer customers to send payments to suppliers on BPN.

Launched late last year, BPN is designed to address current industry challenges by publishing a directory that contains a full view of participating suppliers and their payment acceptance preferences, providing financial institutions and corporate buyers with ability to deliver digital payments directly to the suppliers’ acceptance platforms, offering acquirers and accounts receivable providers the opportunity to accept payments directly from payables platforms and enabling complex financial and payment data to seamlessly come together at scale while delivering streamlined reconciliation to suppliers and buyers.

“We’re thrilled to have Comdata join BPN as we continue to see an extremely positive response to the platform,” said Nick Babinsky, Vice President & General Manager, Business Payments Network at Billtrust. “This alliance provides all Suppliers accepting payments through BPN the ability to receive truly touchless transactions in their own preferred format from Comdata’s massive base of business buyers.”

The new BPN alliance will automate electronic payments to multiple suppliers via a single network. The network will see buyers avail to features such as reduced costs, delays and inefficiencies, promote payment transparency, and meet the unique needs and preferences of their suppliers.

“We believe that partnering with Billtrust on BPN allows buyers and suppliers the opportunity to focus on the relationships that they have cultivated over years of doing business together,” said Jack Sevier, Director of Product Strategy at Comdata. “As BPN ensures that payment for goods and services seamlessly aligns with companies’ preferred processes, it’s a win-win for all.”

by Megha Bhattacharya
Market Analyst at IBS Intelligence
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