Certify announced this week that Certify Payments service “can directly remit employee expense reimbursements and vendor invoice payments directly to designated bank accounts in a range of currencies for both domestic and international transactions.” This service is available in 45 currencies to help more companies further automate their mid and back office T&E processes. Certify first launched an invoice payments solution three years ago and currently has customer’s in over 90 countries.
Last month it was reported that Western Union was in talks with Ripple (aka XBR) to add blockchain capabilities to their payment systems. Western Union sees Ripple, and blockchain technology, as a way to future proof their global payments platform. Technology investments like Ripple could bring additional capabilities to the Certify platform. Blockchain technology could become an integral part of B2B payments, global supply chains and expense reports.
Here is a video that explains the Western Union’s Mass Payments API services