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What Are Embedded Payments?

EBizCharge

How we pay for goods and services constantly evolves, from bartering to banknotes to modern times with digital wallets and embedded payments. Embedded payments represent the latest frontier of integrating financial transactions into everyday software. What are embedded payments?

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Ordway and Exact Payments streamline billing and embedded payments

The Paypers

Ordway has tapped embedded payments provider Exact Payments to offer payments processing, automated reconciliation, and cash application to its customers.

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6 Ways Embedded Payments Benefit B2B Accounting SaaS

Exact Payments

As important as financial tools are to companies, equally important is the ability to accept B2B payments within an application. Embedded payments allow your clients to accept payments from their customers without leaving the application — greatly reducing friction around billing, subscriptions, and renewals.

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VoPay and Avesdo’s Embedded Payment Solution Reduces Pre-Sale Property Transaction Time by 70% in the Canadian Market

Fintech Finance

Collecting large transactions using traditional payment methods such as cheques and wire transfers typically results in prolonged payment reconciliation periods, excessive administrative burdens, and significant risks due to human error. This automation minimizes manual intervention and reduces administrative workload.

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In B2B, Embedded Payments Make For Attractive Acquisitions

PYMNTS

Deeper software integration is important because, explained Petrzela, “it can significantly streamline workflows and turn what can be manual, labor-intensive process into a fully automated, electronic process, from calculating a bill and issuing an invoice all the way to receipt of payment.”.

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Fintech Rundown: A Rapid Review of Weekly News

Finovate

Embedded finance ASA announces the integration of five fintechs–PortfolioPilot, Guac, One Goal Finance, Credit Rent Boost, and Column Tax–into its embedded app store, ASA Vault. Embedded payments specialist Modulr expands its integration with online accounting software provider Xero to add payroll services.

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Modern Treasury Launches Professional Services to Drive Payments Transformation in the Enterprise

Fintech Finance

Professional Services includes premium support for stringent or customized needs, ongoing payments infrastructure support, and custom integrations of Modern Treasury into IT systems, including banks, card processors, internal systems, and ERPs. We are thrilled to offer this additional service for companies with the most complex needs.”