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ConnexPay rolls out ‘Intelligent PayOuts’ to optimise payment outcomes

By Gloria Mathias

June 11, 2024

  • Canada
  • ConnexPay
  • Fintech news
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ConnexPay, virtual card, fraud prevention, merchant, Payments, Fintech news, Fintech USA, Canada, Intellignet Payouts, Payins, Payments Flexibility, Payments Technology, Fintech USA, ConnexPay, the all-in-one payments platform, has announced the launch of its patent-pending Intelligent PayOuts technology.

Intelligent PayOuts is embedded into ConnexPay’s payments platform and harnesses the core elements of AI, machine learning and big data to deliver optimal payment outcomes for clients around the world.

“ConnexPay continues to be at the forefront of payments innovation, with our launch of Intelligent PayOuts being another prime example,” said Ben Peters, Chief Executive Officer at ConnexPay. “This market-leading technology is truly generative and derives learnings from our global payment network to ensure each client delivers the right payment to achieve the optimal payment outcome.”

Intelligent PayOuts outcomes include:

  • Boost card acceptance
  • Reduce cross-border and FX fees
  • Maximize rebates
  • Strategic supplier payments

Intelligent PayOuts optimizes outcomes based on all transaction volumes across the ConnexPay network. Clients not only benefit from better outcomes based on their payment volume, but they also benefit from results based on the entire network’s volume, a much larger data set than they would be able to draw upon on their own.

Earlier this year, ConnexPay announced the launch of ConnexPay Exclusives, a suite of payment capabilities that includes the Global Travel card, Flex card, and ConnexPay UATP card.

Peters continued, “The combination of Intelligent Payouts, ConnexPay Exclusives, and our multi-card network provides our clients unmatched breadth to drive the best results for their business.”

ConnexPay has seamlessly combined PayIns and PayOuts into a single global platform, requiring only one contract and providing unified reconciliation. The flexibility of ConnexPay’s technology allows clients to manage all their B2B payment needs, from acquiring sales to managing fraud and paying suppliers, all on one platform.

ConnexPay’s solutions are applicable across a broad spectrum of corporate payment use cases, including global travel, ticketing, insurance and warranty claims, loyalty and rewards, and media and advertising. Founded in 2017, ConnexPay serves clients on six continents and offers payment services in over 175 countries and territories worldwide.

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