BIRCHSTREET SYSTEMS
Others offer superior capabilities for enterprise customers or the ability to execute payments in specific geographic markets. By maintaining multiple partnerships, BirchStreet can select the best tool for each situation.
“ As an industry, hospitality has been expanding rapidly with brands that were previously in one local market now operating on a multi-national or even global scale,” Phil says.
As hospitality becomes more and more global, it creates complexity for payment execution. Managing payments across these markets requires regional expertise that no single bank or payment processor can deliver alone. Hence the partner ecosystem approach.
Enhancing supplier enrollment with ViewPost One key partner is ViewPost, a market leader in B2B payments automation that has pioneered next generation, real-time supplier enrollment and conversion from check to virtual card and automated clearing house( ACH).
“ Adding ViewPost to our ecosystem of payment providers expands funding options, enhances supplier onboarding and delivers an embedded experience to all of our customers,” says Phil.“ ViewPost offers both pre-fund and check-fund options that allow customers to‘ bring your own bank’ or use our bank partners to initiate disbursements. In addition, they have developed best-in-class real-time supplier enablement capabilities that use AI to prioritise suppliers for onboarding and to facilitate portal / IVR payments.
“ Early feedback has been very positive, with customers citing faster time-tovalue and improved supplier enrollment as key advantages of the Viewpost platform”
Phil Beck, Executive VP & GM, BirchStreet Pay
This simplifies and enhances the supplier enrollment process, driving more card acceptance and higher customer satisfaction.”
ViewPost’ s capabilities are embedded within the Birchstreet Pay solution using real-time APIs that send and receive data between platforms and bank partners. This enables direct access for customers without the need for further payment processor integration and brings greater automation and data visibility to customers.
“ Automation of payment execution and visibility of the payment status from initiation through full settlement within the BirchStreet Pay application layer are key benefits derived from utilising our platform,” says Phil. fintechmagazine. com
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