B2B payments platform TreviPay has debuted its “Pay by Invoice” tool for Visa-issuing banks.
The new offering, announced Tuesday (Jan. 20), is designed to help issuers garner a larger share of the $58 trillion North American B2B payments space.
“For years, banks have been looking for a scalable way to capture the significant share of B2B payments still happening off-card,” said Brandon Spear, TreviPay’s CEO. “TreviPay Pay by Invoice unlocks that opportunity. By integrating our order-to-cash automation with Visa’s network capabilities, issuing banks can now offer their commercial clients a modern credit solution that automates invoicing and delivers the flexibility we know business buyers expect.”
According to a news release, the partnership combines TreviPay’s order-to-cash automation technology with Visa’s commercial payment capabilities to help issuers transform “fragmented B2B spend” into “strategic, issuer-financed, invoice-based transactions.”
