Fintech startup and bill payment processor, Noventis, announced on Wednesday it has formed a partnership Nexus to expand the reach of virtual credit card payments to suppliers serving the real estate industry.
Noventis reported that it facilitates the automation of manual payments through its proprietary processing platform, which converts checks to virtual credit card payments and delivers them within hours to its vast payment network of national and regional suppliers. This patented processing technology is expanding the reach of electronic payments to suppliers who are not equipped to accept standard virtual credit card payments. Speaking about the partnership, Jennifer Coolidge, Nexus President and Founder, stated:
“With the Noventis partnership, Nexus can offer its utilities, insurance, and telecom suppliers an easy and automated virtual card payment process. Suppliers will be able to receive virtual credit card payments effortlessly and securely with no adoption requirements.”
Blair Jeffery, COO of Noventis, went on to add:
“Like Nexus, Noventis is committed to increasing efficiency and automating manual process for B2B payments. Our payment network and expertise in virtual credit card delivery, combined with Nexus’ industry-leading AP platform, show that even industries with inherent, longstanding barriers can reap the benefits of payment automation when FinTechs work together.”