Netevia Launches Smart Vendor Payments Solution for B2B Sales

Net Element (NASDAQ:NETE), a global technology and value-added solutions group that supports electronic payments acceptance in a multi-channel environment announced the extension of its Netevia platform to include a smart solution for enabling secure vendor payments.

As quoted in the press release:

According to Statista’s 2017 B2B Ecommerce report, “B2B business is now dwarfing that of the B2C business.” Global B2B sales are estimated at $7.7 trillion, compared to $2.3 trillion in B2C sales.  Netevia’s vendor payments solution streamlines B2B payments by improving payment processes and reducing the costs to send payments through a user-friendly web and mobile platform interface.

Netevia advantages include:

• Payments are safely and electronically delivered using a secure single-use dynamic credit card number. These payments can only be processed by the designated single vendor for a specific amount, and have added controls for improved flexibility and security
• Seamlessly works with existing accounting systems, and requires no complex setup or integration
• 24/7 customer support by phone, email or live chat

“We are excited to enable this functionality on our Netevia platform and make Netevia a market platform where small and medium-sized businesses can find comprehensive and innovative card payments-oriented solutions to enhance their operations. Enabling vendor payments is one more step towards achieving this goal,” commented Vlad Sadovskiy, president of integrated payments for Net Element.

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