Tribe Payments lands Telleroo as inaugural Bankbox customer

Substantially streamlining its bulk payment service for accountancy firms and bookkeepers, Tribe Payments has announced the first implementation of its new Bankbox service. 

With technical integration completed in under one month, Bankbox, part of Tribe’s modular ISAAC platform, gives businesses easy access to banking systems, payment rails, and other services that would normally only be available through a direct bank integration. 

Michael Riedler, MD and Co-Founder, Telleroo commented: “Gaining access to banking systems can be a nightmare in terms of technical integration and the reams of paperwork.

“We felt it shouldn’t be this hard to get access to the banking systems that can make a real difference to accountancy firms and the SMEs they serve. 

“Bankbox means we have direct access to these systems and can enable payroll and supplier payments simple for our accountancy customers—they will save hours previously wasted on manual input.”

Launched at FinTech Connect in December 2019, Bankbox has allowed Telleroo’s accountancy firm customers make payroll and supplier payments directly from the payment files generated by accounting and payroll software such as Xero or Paycircle. 

Suresh Vaghjiani, CEO of Tribe Payments added: “Telleroo is a fantastic example of an innovative company breaking away from legacy technology and systems to solve a big annoying problem for customers. 

“The focus we’ve seen in fintech on the consumer user experience needs to be universally applied, and the manual rekeying of payments is a perfect example of where technology can vastly improve efficiency.”

The integration means that Telleroo’s accountancy firm customers effectively have direct and standardised access to payment rails, without the need to navigate proprietary systems and alter existing workflows and processes. This is expected to boost the scale and velocity of Telleroo’s payment volumes.