Transcard, a global firm focused on payments technology, is pleased to announce its expansion into the Canadian market.
Transcard has reportedly launched its first Canadian customer, Xodus Travel Services, leveraging the SMART Suite for payment orchestration and “adopting an enhanced digital payment experience.”
Transcard’s embedded payment platform supports payments across multiple currencies, “configurable language packs, and domiciled data capabilities.”
The Canadian expansion includes local payment rails and “supports Canadian French across solutions.”
Designed to streamline financial operations, Transcard’s payment solutions have been designed to “meet GDPR, RPAA, and PIPEDA Data Protection requirements.”
Greg Bloh, CEO, Transcard said:
“Launching in Canada marks a significant milestone in the company’s mission to enhance digital payment solutions worldwide. We’re excited to expand our capabilities, build more strategic partnerships and support customers in Canada.”
David Rivelis, President and CEO, Xodus said:
“We’re excited to partner with Transcard as they expand their payment solutions in Canada. By enabling their fast, secure, digital payment solutions, Xodus Travel Services will offer policyholders an improved claims experience with payment optionality and real time payment options.”
Looking ahead specific to Canada this year, Transcard plans to introduce more Canadian bank connections and “real-time payment options including the Interac payment rail, virtual card and push to debit.”
These solution enhancements will “expand their embedded platform’s global capabilities for customers.”
The SMART Suite delivers a seamless payment experience and enables users across industries “to collaborate and share payment information.”
The solution set embeds within a customer’s ERP or core system and connects to existing bank accounts “supporting payment orchestration for businesses of all sizes.”
Features include disbursements, receivables, account-to-account payments, cross-border payments, AI insights, and supply chain financing.
As noted in the update, Transcard offers payment orchestration solutions for banks, fintechs, and businesses.
Their embedded payment solutions enable “seamless transactions, collaboration, and data sharing with customers and suppliers worldwide.”
Transcard’s solutions combine multi-rail capabilities, embedded workflows, system of record integration, reconciliation, and bank-grade security “to support B2B and B2C payments for businesses of all sizes.”