B2B Payments

FinTech Pair Digitizes The Dreaded Check

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Two FinTech players are teaming up to digitize and mobilize B2B payments. An announcement on Wednesday (Jan. 13) said electronic check and cloud FinServ player MyECheck has reached a deal to collaborate with electronic funds transfer processor ReceivePay in a move that will combine their B2B payments solutions.

ReceivePay plans to integrate MyECheck’s B2B invoicing and payments platform into its Secure Vault Gateway, the businesses revealed. This means that ReceivePay customers will have access to MyECheck’s ePayment services, as well as its eMobile platform.

[bctt tweet="ReceivePay plans to integrate MyECheck’s B2B invoicing and payments platform."]

The eMobile platform is a new solution that allows businesses to send bills electronically.

The partnership with ReceivePay is part of MyECheck’s broader ambitions. The firm said in the announcement that it is looking to launch in Africa, as well as other emerging markets, in the near future.

MyECheck is uniquely positioned, with a cloud-based banking and payment platform, along with development, sales and implementation resources in place, to capture market share in Africa,” the company said, “as new technology brings access to basic financial services to hundreds of millions of people.”

The firm also provides banks that wish to deploy mobile and online fund transfer services with electronic banking and payment platforms.

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