Digital payments specialist, Adflex, today announced a new partnership with Barclaycard to help simplify the acceptance of card payments across its B2B client base. By adding Barclaycard to its network of acquirers, Adflex is able to offer its enterprise merchants faster settlement, transparent reporting and more competitive merchant service fees.
“Building relationships is a key part of what enables Adflex to deliver great value to its merchant customer base through digital payments,” said Adflex CEO, Pat Bermingham. “Together with our existing agreements with Barclaycard, this partnership brings significant value-added features that promote higher uptake of commercial card payments and improves the merchant payment journey.”
The partnership expands the operational benefits available to Adflex’s B2B merchants, including faster settlement to reduce late payments and cash flow issues, as well as more transparent reporting, which allows for more informed decision making and resource allocation. It also helps to deliver joined-up issuance and acceptance of cards, with a number of Barclaycard services such as Precision Pay Direct (straight-through processing).
“Adflex’s expanding global acquiring network continues to deliver tangible benefits to B2B merchants large and small,” added Bermingham. “Barclaycard is available now to new and existing Adflex clients via our acquiring network and it’s through partnerships such as these that we continually add value to our clients. Our suite of bespoke payments services speeds up accounts payable processes and alleviates late payment worries so that enterprise merchants can focus on what they do best: growing their business.”
Learn more about Adflex’s payment services for merchants here.
About Adflex
Adflex creates unique value in the global B2B supply chain by delivering fast and cost-effective digital payments integration. Through its specialist consultancy and stakeholder agnostic digital payments platform, Adflex enables strategic advantage for the world’s buyers and suppliers by dramatically simplifying their payment issuance and acceptance. Through Adflex, buyers can quickly onboard a wider range of qualified suppliers than ever before.
Similarly, suppliers can establish partner-of-choice status with more buyers than otherwise possible.
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About Barclaycard
Barclaycard Payments, part of Barclays Bank PLC, is a leading global payment business that helps consumers, retailers and businesses to make and take payments flexibly, and to access short-term credit. In the UK we process nearly £1 in every £3 spent using credit and debit cards, and in 2021 we processed over £270bn in transactions globally. We also partner with a wide range of organisations across the globe to offer their customers or members payment options and credit.
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