Nexus, a specialist in AP automation and payments for the real estate industry, has expanded its offering with WePay.
Through partnering with the integrated payments business of JPMorgan Chase, the firm will allow SMBs to accept transactions via a virtual card to simplify their payment process and improve working capital.
Jennifer Coolidge, president of Nexus, commented: “NexusDirect is a quick and secure way for small suppliers to receive all the benefits of electronic payments that have been so critical during the COVID-19 pandemic – security, visibility, easy reconciliation, and fast payments – without any hassle or equipment to rent. They can even get paid as soon as the same day, for no additional cost, if they have a Chase account.
“NexusDirect is a very practical solution for small suppliers who don’t have a dedicated AR employee or the time to process virtual cards. It also provides them with unprecedented visibility because Nexus brings suppliers and buyers together on the same software platform and allows both parties to track every step of the transaction.”
With the NexusDirect solution, the supplier receives a secure virtual card, which is sent digitally to fund a single transaction, as the firm boosts payment efficiency for a myriad of sectors.
“We’re thrilled to be partnering with Nexus Systems to help suppliers overcome the challenge of managing payments,” added Angela Martin, Head of U.S. Strategic Partnerships Group, at WePay. “Together, we’re bringing the benefits of virtual cards to drive efficiencies, while delivering security and control, to help suppliers meet their businesses’ bottom line. With NexusDirect, suppliers that choose a virtual card can begin accepting card payments quickly. This leads to faster and easier access to cash flow.”