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05/07/2018
A Cloud-Based Payments Service Launches for B2B

“Credit as a Service” debuted today from payments company MSTS to let online sellers provide their own branded lines of credit to buyers.

Payment and credit services provider MSTS today introduced a cloud-based service designed to let companies offer on-the-spot credit lines to online buyers that satisfy credit risk requirements. MSTS, a subsidiary of World Fuel Services Corp., has operated for decades in the payment and credit services industry. It handles about $5 billion in volume and provides clients with credit underwriting and risk management services in more than 190 countries.

MSTS took its business to another level today with the launch of Credit as a Service, or CaaS, a cloud-based system that connects to credit rating services, payment networks and e-commerce platforms. CaaS was designed to cost its client sellers between 1% and 1.75% of value per transaction, says president Brandon Spear. By comparison, credit cards typically charge transaction fees within a range 2% to 3%.

MSTS designed CaaS for companies involved in trucking fleet management, manufacturing, e-commerce, and retailers that sell to corporate clients. 

Read the full article on Digital Commerce 360

In the Press

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12/06/2019
Curing The $2.4T Manufacturing Sector’s Cash-Flow Crunch

The U.S. manufacturing sector, valued at approximately $2.4 trillion, accounts for an estimated 11 percent of the national gross domestic product (GDP). However, U.S. manufacturing has encountered significant damage recently over the ongoing trade war with China. In fact, the U.S.

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12/04/2019
Exec: Continually Adapting Keeps 40-Year-Old B2B Solutions Provider Growing

When Brandon Spear took over as president for MSTS four years ago, the company began to shift away from what it had been focused on for 40 years prior.

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12/04/2019
Cart Abandonment Issues? It Might Be Your Outdated Payment Processes

By Brandon Spear

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12/02/2019
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By Martha Salinas

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Leaning Into Venture Capital: How Women Can Secure Funding in a Male-dominated Space

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B2B Buyer Expectations Are Evolving — Can Your Payment Processes Keep Up?

By Brandon Spear

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10/12/2019
The Order to Cash Cycle Seeks Its Automated Reinvention

In B2B, suppliers and getting them paid is a friction-filled process.

The friction is especially acute in manufacturing. The relationships between manufacturers and their suppliers often cross borders, and payments can involve several different currencies.

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09/25/2019
B2B Buyers Abandoning Their Shopping Carts for Faster Checkouts
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09/12/2019
Neutralizing The Clash Of The B2B Buyer And Supplier Titans

The “clash of the titans” is a metaphor that is used to describe situations in which two powerful forces refuse to yield to the wishes or conditions of the other.