Full-Time
No salary listed
Senior
Gwinnett County, GA, USA
Company Size
201-500
Company Stage
Acquired
Total Funding
N/A
Headquarters
Gainesville, Florida
Founded
1998
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Remote Work Options
Edenred Payment Solutions has unveiled a tool to speed insurance claim payouts. The U.K. company’s virtual card number (VCN) product, announced Wednesday (March 19), is designed to let customers access funds instantly rather than waiting weeks for reimbursements. “Virtual cards and embedded finance are transforming the insurance industry by streamlining the claim payout process,” Rehana Mitha, Edenred’s managing director, said in a news release provided to PYMNTS. “These technologies enable instant access to funds; eliminating delays and reducing paperwork for policyholders, while also offering insurers better transparency and fraud prevention tools.”
The golden rule of work is often to keep personal and professional lives separate. But when it comes to payments, the seamless experiences and expectations that internal decision makers have in their personal lives are reshaping the B2B payments landscape. Embedded finance, the integration of financial services such as buy now, pay later (BNPL) within non-financial platforms, has emerged as a critical driver of change. As FinTech innovation seeps into the corporate landscape, B2B payments are shedding their bureaucratic layers, replacing paper checks and ACH transfers with embedded financial solutions that mirror consumer experiences. From eCommerce giants embedding lending options into their platforms to software-as-a-service (SaaS) providers offering real-time payment processing and other services, embedded finance is making finance invisible yet accessible, enabling businesses to focus on operations rather than payment frictions
M3 and Edenred Pay, an Edenred company, have partnered to deliver financial solutions to hospitality businesses. The collaboration will combine M3’s financial management platform for the hospitality industry with Edenred Pay’s payment automation solutions and will deliver solutions tailored to this sector’s unique needs, the companies said in a Monday (March 17) press release emailed to PYMNTS. “This partnership with Edenred Pay aligns perfectly with our mission to empower hoteliers with cutting-edge tools that drive efficiency and profitability,” M3 President Casi Johnson said in the release. “Together, we’re offering an all-in-one solution that streamlines financial management and positions our customers for long-term success.”
The collaboration will combine M3's financial management platform for the hospitality industry with Edenred Pay's payment automation solutions and will deliver solutions tailored to this sector's unique needs, the companies said in a Monday (March 17) press release emailed to PYMNTS.
By partnering M3's powerful accounting solution, Accounting Core[TM], with Reeco's re-imagined procurement management platform, hoteliers can now automate purchasing, financial tracking, and vendor management, freeing themselves from timely, outdated methods and antiquated systems.