Under the terms of the agreement, the two companies are set to provide joint services looking to assist businesses in lowering costs and enhancing their trading relationships. Thus, customers who receive invoices electronically from their suppliers via the Transcepta Community also gain the ability to carry out electronic payments to their suppliers.
For companies that employ corporate purchasing cards (also referred to as P-Cards), the joint Transcepta and Transcom offering aims to provide a full invoice management and payment cycle, while also increasing P-Card volume and therefore enhancing available P-Card rebates.
Transcom specialises in delivering credit card processing solutions for B2B commercial bankcard acceptors who carry out cardholder not present / non-swiped, electronic payment, Visa and MasterCard commercial card sales. Among the products and services provided by Transcom are virtual terminals, integrated payment interfaces and web based merchant reporting.
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