New eCommerce partnership also includes collaborative development on Magento plug-in
OVERLAND PARK, Kansas – January 14, 2019 – MSTS, a global B2B payments and credit solutions provider, today announced 4MD Medical as its first Credit as a Service (CaaS) customer using the Magento eCommerce platform. 4MD Medical, a national distributor of medical, physical therapy, pharmaceutical equipment and supplies for the healthcare field, will engage CaaS tools to ease the B2B payments journey for its customers.
With Credit as a Service from MSTS, businesses can issue credit in less than a minute, automate the customer onboarding process, and apply unique B2B customer invoicing, accounts payable and payment term requirements – providing their customers flexibility and an enhanced experience.
“We’re excited to bring 4MD Medical on board to improve their B2B payments and credit processes,” said Brandon Spear, president of MSTS. “4MD is a leader in their space, making medical supply shopping easier and more convenient, and we align very well with that mission.”
MSTS’ Credit as a Service has a suite of tools to accelerate commerce, including InvoiceMe, which will integrate into 4MD Medical’s eCommerce platform at checkout and provide a payment alternative to credit cards – thereby reducing costs. Developers from both companies are currently collaborating on the development of a Magento plug-in that utilizes InvoiceMe, slated to be available in Q1 2019.
“Working with MSTS, we know we’re getting more than a software solution,” said Dave Schwartz, executive vice president at 4MD Medical. “We’re getting a devoted team of experts dedicated to working alongside us to solve our customers’ biggest pain points.”
This announcement closely follows MSTS’ launch of CaaS for SMBs, which took place earlier this week. The original CaaS enterprise solution was re-imagined to scale with small and mid-market businesses looking to grow, especially in retail and eCommerce.
To learn more about the robust Credit as a Service solution from MSTS, visit www.msts.com.
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MSTS is a financial technology company, working globally with B2B companies across transportation, manufacturing, retail and eCommerce. MSTS’ Credit as a Service solution accelerates business commerce by streamlining payments and A/R processes. On behalf of its clients, MSTS processes $5 billion in transactions per year and collects $370 million each month. MSTS, a wholly-owned subsidiary of World Fuel Services Corporation, has 40 years of experience underwriting businesses for credit and facilitates transactions for its customers in over 190 countries and territories. For more information, visit www.msts.com.
About 4MD Medical:
4MD Medical is a manufacturer and distributor of high quality medical, physical therapy, EMS and laboratory equipment and supplies. We serve consumers, state and local government entities, hospitals, nursing homes, clinics, doctor’s offices, urgent care centers, dialysis centers, laboratories, surgical centers, physical therapy and rehab, and other healthcare facilities. 4MD Medical is proud to announce we are now offering pharmaceutical/RX supplies, as your one-stop source of brand and generic injectables, tablets, caplets, ophthalmics, otics, ointments, creams, and liquids.
Headquartered in Lakewood, NJ, 4MD Medical services customers nationwide through 4mdmedical.com, where customers can receive advice and customer support through the site's live chat feature, email and toll-free phone number offering easy access to over 1,000 suppliers and over 250,000 SKUs at unmatched products assortment, highly affordable prices and guaranteed lowest prices with faster than ever before delivery. 4MD customized service includes: GSA Contracts, Request Quotes, Contract & GPO Pricing, Electronic Data Interchange (EDI), Auto Reorder, Project Planning, Financing & Leasing.
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