EedenBull and Mastercard are enhancing the modernisation of payments

By Joy Dumasia

EedenBull, the FinTech specializing in B2B commercial payments technology, announced participation in Mastercard Track Business Payment Service to enhance its innovative Commercial Payments as-a-service (CPaaS) solution.

Mastercard Track automates payments-related data exchange between buyers and suppliers. Consisting of a portfolio of B2B solutions, it helps businesses increase simplicity, flexibility, and efficiency, optimizing the best option of paying or getting paid for every invoice across multiple payment rails.

The partnership demonstrates EedenBull’s commitment to driving modernization of the B2B commercial payment ecosystem. It marks the next step in its mission for delivering deep payment expertise and cutting-edge technology to banks worldwide.

EedenBull’s fast-growing network of banking partners will benefit from reduced complexity, driving down costs and enhancing the end-user experience for their business and corporate customers. Eedenbull will use Track Business Payment Service as a Buyer Payment Agent (BPA) by integrating with Mastercard APIs, and it will be actively offering the service to its partner banks.

Nicki Bisgaard, CEO and Co-Founder of EedenBull, said: “The global pandemic is accelerating a move towards automated B2B payments and shifting business’ digital expectations in the process. As a result, banks need help optimizing their offering to not lose out on customer loyalty or the huge opportunity that lies ahead. This collaboration underpins our commitment to delivering optimized B2B payment solutions to our banking partners, allowing them to meet the complex needs of their business customers.”

IBS Intelligence recently reported that EedenBull had announced a five-year agreement with National Australia Bank (NAB), allowing the bank to deploy EedenBull’s payment and spend management platform to the bank’s small customer base medium-sized enterprises (SMEs).