TraxPay and MasterCard Take B2B Payments to a Global Level

TraxPay and MasterCard Take B2B Payments to a Global Level

October 2, 2014         Written By Bill Hardekopf

Traxpay is one of the leading companies in business to business payments, and thanks to MasterCard, it can now provide financial solutions for businesses on a global market. Traxpay currently serves clients in Europe, but it will be able to expand its efforts greatly with the help of MasterCard’s network of 150 countries.

Traxpay has developed a name for itself in B2B financing because of its Dynamic Payments platform. This allows for adjustments to be made due to early payment discounts, incomplete deliveries and missing items. Traxpay estimates that 25% to 30% of invoices in B2B companies need special handling. Dynamic Payments can account for that.

“Traxpay’s ability to combine enterprise data, financial flows, and supply chain interactions in a single cloud-based solution is the Holy Grail,” Frederic Hanika, head of corporate ventures at Software AG, told Forbes. “It puts them in a unique position to enable enterprises to not only collaborate more effectively and gain unparalleled insight into their operations, but also to achieve business outcomes faster than ever before.”

The alliance between TraxPay and MasterCard opens the door for businesses to complete transactions on a global scale with the help of a single finance company. Connecting buyers and suppliers from different parts of the world should prove to streamline developmental processes well into the future.



The information contained within this article was accurate as of October 2, 2014. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


bill-hardekopf

About Bill Hardekopf

Bill Hardekopf is the CEO of LowCards.com and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.
View all posts by Bill Hardekopf
Featured Limited/No Credit
Top Features : No annual fee; reports to major credit bureaus; access to higher credit line after making first 5 monthly payments on time
Featured Fair Credit Card
Top Features : No annual fee; access to higher credit line after making first 5 monthly payments on time
Featured Low Interest Card
Top Features : 1.25X miles on every purchase; no annual fee; bonus of 20,000 miles once $1,000 is spent in first 3 months
Featured Cash Back Card
Top Features : 1.5% cash back on all purchases; $150 bonus after spending $500 in first 3 months
Featured No Annual Fee Card
Top Features : Earn cash back TWICE. 1% when you buy plus 1% as you pay; 0% APR for 18 months on balance transfers
Featured Bad Credit Card
Top Features : Perfect credit not required; Reports to major credit bureaus