TreviPay recently launched the Financial Partner Gateway, a suite of APIs designed to help financial institutions broaden their commercial offerings. This innovative platform allows banks to provide automated accounts receivable, underwriting, and trade credit solutions to their large commercial clients. This not only creates new revenue streams for banks but also facilitates TreviPay’s global expansion.
TreviPay Empowers Banks with Trade Credit Solutions
A recent TreviPay-commissioned study revealed that trade credit is a highly sought-after payment option for business buyers. The Financial Partner Gateway enables banks to empower their commercial merchant clients to offer buyers flexible payment options, including trade credit and extended payment terms (30, 60, or 90 days). The bank then pays its clients after the transaction, streamlining cash flow and receivables management, significantly reducing the burden of time-consuming back-office processes. Furthermore, TreviPay offers flexibility with its proprietary Risk Management System, providing optional underwriting and fraud prevention assistance to financial institutions.
“Our unique offering opens a new revenue stream for our banking partners who are looking to help optimize the payment experience offered by their commercial clients,” explains Michael Noble, VP of Strategic Partnerships at TreviPay. “Working together, the Financial Partner Gateway enables banks to deliver a significant value-add for enterprises, while allowing TreviPay to expand its global footprint through modern API-based software.”
Global Expansion and Growth Opportunities with Gateway Financial Partners
Beyond benefiting banks serving commercial clients, the Financial Partner Gateway represents a significant growth and global expansion opportunity for TreviPay. The trade credit facilitated by the Gateway is funded by the partner bank, giving them control over funding and credit decisions while leveraging TreviPay’s robust onboarding and invoicing capabilities. Importantly, this solution allows TreviPay to expand its reach into new markets by partnering with local banks in regions where TreviPay doesn’t currently operate. This expands TreviPay’s already extensive multinational presence.
“With more than 40 years of experience in B2B payments and invoicing, TreviPay is proud to continue uncovering opportunities to integrate our innovations into banking clients and drive new efficiencies for enterprises around the world,” said Brandon Spear, CEO of TreviPay. “The TreviPay Financial Partner Gateway offers the tools for financial institutions to empower their business clients to offer flexible payment terms for customers, all while building loyalty and driving retention.”
TreviPay: Building Loyalty Through Payment Solutions
TreviPay firmly believes that loyalty starts with the payment experience. By understanding the specific needs of B2B sellers, TreviPay’s global B2B payments and invoicing network allows businesses to offer payment flexibility, expand into new markets, and automate accounts receivable. With over four decades of experience, TreviPay serves industry leaders seeking to enhance customer loyalty, improve operational efficiency, and embrace digital transformation, particularly in sectors with extensive distribution networks such as manufacturing, retail, and transportation. The Financial Partner Gateway exemplifies this commitment to innovation and partnership.
