US-based Global Payments, a provider of payment technology and software solutions, has announced the purchase MineralTree.
MineralTree is a provider of accounts payable automation and business-to-business (B2B) payments solutions. MineralTree’s software-as-a-service (SAAS) offerings automate key procurement processes, including invoice capture, coding and approval, and help virtual cards and integrated payments options across a variety of vertical markets to digitise payables for customers.
In combination with Global Payments' existing B2B payments capabilities, including knowledge in commercial payments, domestic and international acquiring, payroll, data and analytics, access to non-card based rails and virtual card provisioning, MineralTree’s cloud native solutions expand Global Payments’ target addressable markets and provide incremental avenues for growth.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now