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Credit as a Service™ now available for all B2B Magento customers
OVERLAND PARK, Kansas, May 13, 2019 -- MSTS, a global B2B payment and credit solutions provider, today announced the release of an extension for the Magento e-commerce platform. The new extension capability makes MSTS’ Credit as a Service™ (CaaS) solution available to all B2B Magento customers.
Through the extension, sellers can add the InvoiceMe payment option at checkout. This allows B2B buyers to purchase the way they prefer, via an invoice. InvoiceMe both authenticates customers and determines the appropriate line of credit while their transaction is processed. With InvoiceMe, buyers seeking to purchase on credit can apply and receive approval within less than 30 seconds.
“With CaaS, Magento customers will be able to provide their clients with invoicing at checkout, personalized discounts and risk-free lines of credit,” said Dan Zimmerman, chief product and information officer at MSTS. “Our white label solution is also designed to provide branded support for a cohesive customer experience.”
In January, MSTS announced 4MD Medical as its first CaaS customer using the Magento e-commerce platform. 4MD Medical will begin transacting on the CaaS platform from MSTS and utilizing the InvoiceMe application in May 2019.
“We’re excited to soon be up and running with CaaS on Magento’s platform,” said Dave Schwartz, executive vice president at 4MD Medical. “We strive to provide our customers with the best payment experience possible, and MSTS helps us achieve this.”
The announcement coincides with Magento Imagine 2019, Magento’s annual conference that brings together more than 3,000 members of the global e-commerce ecosystem. Magento Imagine 2019 will run Monday, May 13th through Wednesday, May 15th at the Wynn in Las Vegas.
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. 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.