- Tennessee-based Transcard is expanding to Canada.
- Transcard has partnered with Xodus Travel Services to enhance digital payment experiences with its SMART Suite platform.
- The expansion into Canada comes a month after Transcard earned authorization from the U.K. Financial Conduct Authority (FCA) to serve as a payment institution in the U.K.
Tennessee-based Transcard is bringing its payment orchestration capabilities north of the border this week. The company recently went live with its first Canada-based customer, Xodus Travel Services. Xodus is leveraging Transcard’s SMART Suite to facilitate payment orchestration and enhance its digital payment experience.
“We’re excited to partner with Transcard as they expand their payment solutions in Canada,” said Xodus President and CEO David Rivelis. “By enabling their fast, secure, digital payment solutions, Xodus Travel Services will offer policyholders an improved claims experience with payment optionality and real time payment options.”
Transcard’s SMART Suite offers a range of tools to help banks, businesses, and fintechs make and receive digital payments and share payment data with their customers and suppliers. The embedded payment capabilities facilitate any payment type over any payment rail using any originating bank account. They work for both single and mass payments and can take place in real-time or be scheduled.
Transcard supports international payments across multiple currencies and languages, including Canadian French. Its solutions are designed to comply with global regulations, such as GDPR, RPAA, and PIPEDA, ensuring robust data protection standards.
“Launching in Canada marks a significant milestone in the company’s mission to enhance digital payment solutions worldwide,” said Transcard CEO Greg Bloh. “We’re excited to expand our capabilities, build more strategic partnerships and support customers in Canada.”
Transcard said that it plans to go live with more Canadian bank connections later this year. The company will also introduce real-time payment options including the Interac payment rail, virtual card capabilities, and push to debit.
Today’s news comes about a month after Transcard was granted authorization by the U.K. Financial Conduct Authority (FCA) to serve as a payment institution in the U.K.
Transcard was founded in 2012 and debuted a payments disbursement capability, Panuver, at FinovateSpring 2016. The company, which serves more than 500 companies with over 50 separate payment functions, offers solutions that combine multi-rail capabilities, embedded workflows, system of record integration, and reconciliation to support both B2B and B2C payments.
Photo by Andre Furtado
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