Transcard has expanded into the Canadian market, introducing its innovative payment orchestration platform. This strategic move highlights the company’s commitment to delivering advanced digital payment solutions globally. With the SMART Suite platform, Transcard is transforming payment processes for businesses and individuals in Canada.
First Canadian Client: Xodus Travel Services
The expansion begins with Xodus Travel Services, Transcard’s first Canadian customer. By using the SMART Suite, Xodus enhances its payment processes, offering policyholders fast, secure, and flexible payment options. David Rivelis, President and CEO of Xodus, expressed enthusiasm for this collaboration:
“By enabling their fast, secure, digital payment solutions, Xodus Travel Services will offer policyholders an improved claims experience with payment optionality and real-time payment options.”
Payment Orchestration Tailored for Canada
Transcard’s SMART Suite platform integrates local payment rails, supports multi-currency transactions, and includes Canadian French language packs. These features meet specific market needs while complying with GDPR, RPAA, and PIPEDA data protection regulations. The platform facilitates global payments, cross-border transactions, and streamlined financial operations.
Future Plans in Canada
Transcard plans to expand its Canadian offerings in 2025. These include real-time payment capabilities via the Interac payment rail, virtual card options, and push-to-debit features. By strengthening Canadian bank connections, the company aims to provide businesses with greater control and flexibility over payments.
Greg Bloh, CEO of Transcard, emphasized the importance of this milestone:
“Launching in Canada marks a significant milestone in our mission to enhance digital payment solutions worldwide. We’re excited to expand our capabilities, build strategic partnerships, and support customers in Canada.”
Key Features of the SMART Suite
The SMART Suite offers an integrated and seamless payment experience for businesses of all sizes. Key features include:
- Embedded Payment Workflows: Integrates with ERP systems and core platforms for streamlined operations.
- Multi-Rail Capabilities: Supports disbursements, receivables, account-to-account payments, and cross-border transactions.
- AI Insights and Fraud Prevention: Provides actionable insights and reduces fraud risks.
- Supply Chain Financing: Enhances cash flow management for businesses.
These solutions aim to improve efficiency, security, and transparency in financial transactions.
Transcard’s Commitment to Innovation
By entering Canada, Transcard underscores its dedication to delivering cutting-edge payment orchestration solutions. Combining advanced technology with regulatory compliance, the company supports banks, fintechs, and businesses in achieving seamless financial operations.
Conclusion
Transcard Canada payment orchestration entry in the Canadian market, brings a promise of faster, secure, and customizable payment solutions. With plans to expand its offerings further, the company is poised to become a key player in Canada’s digital payments landscape.