PayStand Partners with Commerce.Innovated., Builds Out Blockchain-Based B2B Payments Network
Summary
“We are one step closer to realizing our vision for a more seamless, open commercial banking system,” said Jeremy Almond, CEO and Founder, PayStand.“As an innovator and disruptor in the commercial payments space, teaming up with Silicon Valley Bank and First Data empowers us with access to their respective networks so we can explore additional growth opportunities.Only recently have financial institutions begun to adopt modern infrastructure that enable customers and partners to realize the benefits of technologies like blockchain that are redefining the banking ecosystem.By automating enterprise payments, PayStand empowers businesses to transact on a global scale, accelerating access to working capital and delivering bottom line cost-savings.PayStand’s revolutionary “Payments as a Service” model creates a smart billing & payment network that can digitize receivables, automate processing, reduce time-to-cash, lower transaction costs and enable new revenue.
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