Transpay Will Provide Base Commerce Customers with Next-Generation Mass Global Payments Solution
Base Commerce Customers Will Process Near-Instant Cross Border Payments via Direct Bank Deposits and Cash Pick-Up
Apr 23, 2015, 08:35 ET
NEW YORK, April 23, 2015 /PRNewswire/ -- Transpay, a B2B/B2C cross-border payments platform with the world's largest, independent, direct-to-bank payments network, and Base Commerce, LLC, a provider of integrated payments solutions for ecommerce and SAAS businesses, are partnering in the offering of a new solution to revolutionize the way Base Commerce customers make global payments.
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Base Commerce selected Transpay's pay-by-email Global Mass Payments platform because of its simplistic, user-friendly interface, flexible payout options for sending payments to both developed and emerging markets, and strong FX and global compliance management.
With the addition of Transpay to its offerings, Base Commerce provides an unparalleled portfolio of technologies for clients to address both incoming and outgoing payments needs domestically and abroad.
According to John Hughes, President of Base Commerce, "The partnership with Transpay allows us to offer a fast, seamless and cost-effective global funds remittance solution to our customers without the burdens and costs of directly entering the money remittance business. This allows us to lever our leading edge payments technology and attach it to a true innovator in global payments."
Base Commerce customers will enjoy the ease of using the first-ever global, pay-by-email Mass Payment Platform that deposits funds directly into payees' bank accounts. The Transpay platform requires only a recipient's email and mobile phone number to set-up, process and track the exact stage of each transaction. Thanks to Transpay's mature, independent direct-to-bank payments network, Base Commerce customers can send funds to more than 30,000 banks and 200,000 cash pick-up locations worldwide using over 400 currency pairs.
"Our partnership with Base Commerce is a natural fit since both our companies aim to offer the most innovative payments technologies in the marketplace, with an emphasis on usability, reliability and security," says Nagarajan Rao, Senior Vice President of Transpay.
Rao noted that Base Commerce was named the 23rd fastest growing private company in the 2014 Inc. 500, adding, "This speaks volumes about their ability to pinpoint and provide the highest-quality next-generation payments solutions and service to their customers."
Base Commerce can immediately set-up current and new clients to be up and running on Transpay's Mass Global Payments platform, without the need for IT integration or customization.
"It's amazing," continues Hughes. "Not only does the Transpay platform make instant payments to recipients in some very remote areas of the world, but getting up and running on and managing it is effortless, helping our customers to be even more productive."
About Base Commerce, LLC
Base Commerce, LLC of Tempe, AZ, is a next generation API driven payments platform that enables any company to easily accept and issue payments. Base Commerce's technology transcends traditional payments platforms by providing businesses with features and functions that help keep fraud minimal and margins high. For more information, visit www.basecommerce.com or call (800) 848-5826.
About Transpay
Transpay, headquartered in New York City, is a division of Transfast, LLC, a regulated financial institution and money transfer business. Transpay enables rapid B2B and B2C funds movement through a secure and fully-compliant global proprietary network that spans Asia, Latin America, Europe and Africa. Transpay provides global STP (Straight Through Processing) services through API integrations, batch-file processing, and the world's first global pay-by-email Mass Payments Platform. For more information, visit www.transpay.global or call 212-994-0345.
Media Contact:
Lynn Schwartz
Newsmaker Group Public Relations for Transpay
Email
973-736-7118
SOURCE Transpay