The network provides a “co-branded, closed-loop card solution” for fixed-base operators (FBOs) and flight support service organizations that serve the general and defense aviation industries, as well as their customers, according to a Tuesday (Oct. 18) news release.
The solution is powered by the KHI merchant network for the government, commercial aviation, and marine fuel bunkering markets, the release stated.
“The highly competitive aviation industry, which runs on an inter-dependent network of vendors and merchants, includes aviation customers who are looking for support in securing fuel and services while providing the best value to retain its customers and business partners,” TreviPay said in the release.
The network gives FBOs the ability to issue a co-branded card solution, while eliminating the need to track down paper receipts for invoicing customers, according to the release.
Cardholders, meanwhile, get access to an aviation card accepted by all vendors at an FBO within the KHI network, and will “no longer struggle to pay multiple service providers for one landing,” the release stated.
The launch comes three months after TreviPay debuted three specialized business networks, including the Private Network, which lets large enterprise sellers build “closed, branded trade credit networks with invoice-based purchasing across all channels for all their customers.”
There’s also the TreviPay Network, designed for midmarket companies that want to “offer instant trade credit and invoicing for business buyers but don’t need a branded solution,” the company said in its July announcement. Meanwhile, the Small Business Supplier Network lets banks offer small businesses flexible payment terms for their customers while ridding themselves of bad debt risk and freeing up capital.
“In much the same way PayPal developed a network on the periphery of the Visa and Mastercard world, TreviPay has created a parallel payments network specifically designed for B2B payments and invoicing,” said CEO Brandon Spear. “Creating the same ‘network effect’ in B2B commerce will optimize trade and loyalty.”
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