Nexus, WePay to allow SMEs accept payments via virtual cards

Monday 22 March 2021 09:40 CET | News

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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Keywords: partnership, virtual card, Chase, supply chain finance, payment processing
Categories: Banking & Fintech
Countries: United States, World
This article is part of category

Banking & Fintech