Detected & Visa to streamline SME onboarding process

credit: Shutterstock
credit: Shutterstock

Detected has announced a collaboration with Visa to offer businesses a fast, efficient and intelligent business onboarding process.

The news extends Detected’s relationship with Visa but is a first in the US and Canada. The latest agreement aims to tackle the drawn-out process of paper questionnaires for small and medium enterprises (SMEs) via digital solutions. 

Detected and Visa will work alongside each other to create a digital onboarding process that seeks to streamline the process much faster and efficiently. 

Liam Chennells, Detected CEO, stated: “Detected Onboarding Intelligence, stands out by efficiently locating registered companies worldwide with minimal data input. The partnership with Visa and its collaborators marks an exciting opportunity to pioneer advancements in this category.”

Sarah Steele, Senior Director of Visa Small Business Product, added: “We’re thrilled to be collaborating with Detected to give Visa small business customers access to streamlined onboarding, while ensuring a safe and compliant ecosystem. 

“Through Detected unique intelligence engine and ongoing monitoring capabilities, Visa customers can take advantage of a user-friendly interface.”

Elsewhere for Visa, the payment giant has strengthened its B2B offering via a series of developments with Conferma Pay targeting transaction management and in support of the US firm’s regional growth plans.

Regarding markets, Visa stated that the upgrades coincide with its strategy to expand in its Visa Commercial Pay Latin America and the Caribbean. The firm is looking to shore up its leadership position in the ‘diverse and dynamic business landscape’ the region presents.