Nexus, a US-based AP automation and payments provider, has teamed up with JPMorgan’s integrated payments business WePay to create a new payments solution.
The solution will allow small businesses to accept payment through a virtual card. Thus, Nexus reported that NexusDirect powered by Chase, supports sole proprietors and small business suppliers to get payments directly into their bank accounts using a single-use virtual card.
Nexus provides a digital way for real estate companies to ditch paper checks and send payments to their suppliers. With its roots in AP automation, the company has built a large, validated community of suppliers serving multifamily, CRE, and other real estate segments.
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