MSTS Selected to Demo Credit as a Service at FinovateSpring
News · Approx. 3 minute read
May 7, 2019
Bankers encouraged to see how innovative payments solution can increase revenue streams
OVERLAND PARK, Kansas, May 6, 2019 — MSTS, a global B2B payment and credit solutions provider, today announced its selection for a demonstration of its Credit as a Service® (CaaS) solution during FinovateSpring 2019. The innovative solution was released last year and enables businesses to extend lines of credit to their customers in under 30 seconds, while receiving payment immediately.
With CaaS, sellers are able to lower costs and maintain a consistent cash flow while buyers increase purchase control capabilities while paying on terms. The CaaS solution has the seamless feel of a credit card transaction but with one-third less fees. The seven minute CaaS demo will take place at the show on Thursday, May 9 between 9:30 and 10:25 a.m. PT.
“We are honored to be one of the few companies chosen to demo at Finovate,” said Brandon Spear, president of MSTS. “We look forward to showing more banks the value of CaaS and how they can use our product to provide added value to their own customers while opening up new revenue streams.”
By offering MSTS’ CaaS solution to their business customers, banks can provide a win-win payment method for buyers and sellers while gaining access to a key portion of their merchants’ spend that is currently outside their reach.
“Finovate selects the most innovative fintech companies from around the world to demo at the show,” said Greg Palmer, VP of Finovate. “We are pleased to offer MSTS a place on stage to showcase how the CaaS solution is revolutionizing the B2B payments space and think it will resonate deeply with our audience.”
MSTS has offered payment and credit management solutions for 40 years and provides services to enterprises to small businesses. Finovate is attended by 1100+ senior financial and banking executives, venture capitalists, press, industry analysts, bloggers, regulators and entrepreneurs from around the world.
About MSTS: 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.
About FinovateSpring: FinovateSpring is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in San Francisco, the event offers an insight-packed glimpse into the future of money via a fast-paced, intimate and unique format. The event is organized by The Finovate Group. For more information on the event or to view videos of previous demos, please visit finovate.com.
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