Barclaycard Payment Intelligence to provide payments insights

Thursday 13 August 2020 09:39 CET | News

Barclaycard has launched an intelligence platform which uses data analytics to provide procurement departments with a picture of their supply chain.

The service, Barclaycard Payment Intelligence (BPI), combines account payable data points with third-party data. Through the technology, businesses can catalogue their suppliers based on the number and value of transactions as well as their size, location, industry, and whether early payment is likely to generate savings.

Barclaycard Payment Intelligence allows business buyers to understand their current supplier payments profile, analysed and presented in different formats and their suppliers’ payments preferences and capabilities. A set of algorithms created by Barlcaycard Payments then translates these insights into bespoke payments strategy. 

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Keywords: Barclaycard, cards, payments , data, procurement, supply chain, Barclaycard Payment Intelligence, BPI, third-party providers, TPP, transactions
Categories: Banking & Fintech
Countries: United Kingdom
This article is part of category

Banking & Fintech