In an announcement made today (Oct. 22), Cambridge Global Payments announced the rollout of its new trading and payments platform, Cambridge Link, designed to ease cross-border transacting friction.
In a statement sent to PYMNTS, Cambridge Global Payments Chief Technology Officer Corinne MacMillan said the platform is a response to the complex needs of businesses conducting global trade — especially as consumers get more robust tools of their own.
“The more consumers are being inundated with user experiences that are intuitive and agile, the greater the expectations are becoming for enterprises to conduct business in a digital format that provides the same, if not better, user experience ubiquitous today,” MacMillan said, adding that the goal of the platform is to facilitate corporations’ international trade and payments needs over a streamlined user interface and adaptability across desktop, smartphone and tablet.
[bctt tweet=”Expectations are rising for enterprises to conduct business in a digital format.”]
Cambridge Link, the company said, includes mechanisms to secure payments through routing and regulatory data and a system that notifies businesses of the exact requirements for payments depending on jurisdiction.
Cambridge added in its announcement that the platform was created “with developers in mind,” meaning the system can be easily integrated into existing corporate accounting systems and processes.
The platform also supports SWIFT and local payments in dozens of countries across the globe.
In a separate statement, Cambridge Chief Executive Officer Gary McDonald called the platform the firm’s “most ambitious product yet.”
“Cambridge Link aligns with our overall expertise in optimizing technology to execute integrated payment services,” he said. “Cambridge Link is a gateway to our unique banking footprint that provides payment delivery to over 170 countries through an array of delivery channels. Above all, the platform enables organizations to focus on their business growth, leaving the complexities of making payments to Cambridge Link.”
The new tool will debut next week at the Money20/20 global payments event, the firm added.
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