Paya, a U.S.-based integrated payment and commerce solutions provider, announced on Tuesday it has formed a new partnership with business lending solution provider, Artis Technologies. Paya reported that through the partnership, its payments technology will integrate directly into the Artis Connect and Artis Credit platforms, providing a “seamless” payment experience for businesses offering real-time consumer financing
Paya also explained that it enables Artis and the businesses it serves to process payments digitally and track them in real-time, significantly increasing operational efficiency.
“As part of Artis’ real-time lending framework, businesses can help their clients quickly secure funding for a variety of needs then automate the payment processing based on the client’s new line of credit, ensuring that funds are readily available to support project continuity.”
Speaking about the partnership, Mark Engels, Paya’s Chief Revenue Officer, stated:
“Through our partnership, Artis will enhance its embedded financial services platforms with integrated payment capabilities, offering businesses a more efficient way to track and process payments, and improve the overall experience for their customers.”
As previously reported, Paya claims it is a leading provider of integrated payment and frictionless commerce solutions that help customers accept and make payments, expedite receipt of money, and increase operating efficiencies. The company further explained that it processes more than $30 billion of annual payment volume across credit/debit card, ACH, and check, making it a top 20 provider of payment processing in the US and #6 overall in e-Commerce
“Paya serves more than 100,000 customers through over 1,000 key distribution partners focused on targeted, high growth verticals such as healthcare, education, non-profit, government, utilities, manufacturing, and other B2B end markets.”
The partnership with Artis comes just days after Paya made its debut on Nasdaq. Paya reported its common stock will begin trading on the Nasdaq Stock Market under the ticker symbol “PAYA.”