Exela Technologies partners with Mastercard on UK "request to pay" solution

Tuesday 1 October 2019 10:50 CET | News

UK-based business process automation company Exela Technologies has teamed with Vocalink, a Mastercard company, to deliver a Request to Pay solution in the UK.

The solution is a core component of PAY.UK’s new payment architecture, its new conceptual model for the future development of the UK’s shared retail payment infrastructure. Set to launch in Q1 2020, Request to Pay enables consumers to electronically receive payment requests, view bills, and make real-time bill payments—all in one place.

Request to Pay serves as a secure, unified messaging service, enabling users to communicate before bill payment takes place. User benefits include the simplification of the payment process, increased transparency into how and when bills are paid, and cost savings related to increased straight through processing and simpler reconciliation through greater use of structured data.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Exela Technologies, MasterCard, VocaLink, Request to Pay, e-billing, business process automation, accounts payable automation, partnership, UK, Europe, electronic payments, e-invoicing, e-billing
Countries: World

Industry Events