Integrated payment and commerce solutions provider, Paya has combined with Artis Technologies.
The newly formed partnership will see Paya’s payments technology integrate directly into the Artis Connect and Artis Credit platforms, providing a seamless payment experience for businesses offering real-time consumer financing.
Paya enables Artis and the businesses it serves to process payments digitally and track them in real-time, significantly increasing operational efficiency.
Mark Engels, Paya’s Chief Revenue Officer, commented: “Paya’s collaboration with Artis represents yet another use case of integrated payments for businesses and consumers, this time for the lending space.
“Through our partnership, Artis will enhance its embedded financial services platforms with integrated payment capabilities, offering businesses a more efficient way to track and process payments, and improve the overall experience for their customers.”
As part of Artis’ real-time lending framework, businesses can help their clients quickly secure funding for a variety of needs then automate the payment processing based on the client’s new line of credit, ensuring that funds are readily available to support project continuity.
Barclay Keith, CEO of Artis, added: “Our partnership with Paya provides a significant value add to the businesses we serve and their customers, particularly those within the home improvement space who’ve experienced a spike in consumer demand amid the pandemic.
“It’s about embedding financial products into the consumer experience at the right moment, and in order to make that happen, businesses need to have integrated tools available at the point of need. We believe embedded finance is the future, and our partnership with Paya, is one way we’re continuing to make financial services seamless for businesses and consumers alike.”