Billtrust Adds to Its Payment Network
Business-to-business order-to-cash solutions firm Billtrust continued to add to its Business Payments Network (BPN) earlier this week. A month after adding Comdata to the BPN, Billtrust welcomed Priority Commercial Payments in a release on July 10.
"As like-minded FinTechs focused on converting paper check to digital forms of commerce, we are well-positioned to drive even greater value to merchants and banks as partners through BPN," said BPN Vice President and General Manager Nick Babinsky in the release.
The BPN is a streamlined process for business payments, providing financial institutions and accounts payable platforms the capability of direct, digital payments to merchants within the network. It also allows accounts receivable providers the chance to track transaction volume.
"We are excited to partner with an industry leader like Billtrust, to offer new tools to the BPN customer base, further enabling seamless acceptance of digital payments for all merchants," said Priority President Cindy O'Neill in the same announcement.
Priority processes more than $45 billion each year on behalf of 190,000 merchants.
-Michael Miller, managing editor