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 enlargement 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 dwell 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 companion with Transcard as they develop their cost options in Canada,” mentioned Xodus President and CEO David Rivelis. “By enabling their quick, safe, digital cost options, Xodus Journey Companies will supply policyholders an improved claims expertise with cost optionality and actual time cost choices.”
Transcard’s SMART Suite gives a spread of instruments to assist banks, companies, and fintechs make and obtain digital funds and share cost information with their prospects 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 world laws, resembling GDPR, RPAA, and PIPEDA, guaranteeing sturdy information safety requirements.
“Launching in Canada marks a major milestone within the firm’s mission to boost digital cost options worldwide,” mentioned Transcard CEO Greg Bloh. “We’re excited to develop our capabilities, construct extra strategic partnerships and assist prospects in Canada.”
Transcard mentioned that it plans to go dwell with extra Canadian financial institution connections later this yr. The corporate may also introduce real-time cost choices together with the Interac cost rail, digital card capabilities, and push to debit.
At the moment’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 corporations with over 50 separate cost capabilities, gives options that mix multi-rail capabilities, embedded workflows, system of report integration, and reconciliation to assist each B2B and B2C funds.
Photograph by Andre Furtado
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