Business payments company announced the Network to help companies pay and get paid quickly and securely via the cloud. announced the new network as the company passed one million members and $25 billion in annual transactions. The Network will connect businesses and banks in the cloud to expedite the payment process and improve collaboration.

“The cloud has transformed virtually every industry, yet it’s had a lesser impact on the financial system, leaving business and banks without efficient means of moving money,” stated CEO René Lacerte. “Most businesses today still rely on paper checks. Partnerships between financial institutions and tech companies like are closing this gap. Our Network is replacing archaic and complex legacy payment processes with new cloud-based models.” Network businesses report getting paid two to three times faster, according to the company, and are able to collaborate in real time on payments-related questions. Members of the network are also vetted and approved to reduce security issues and have access to “search” and “discover” features to find vendors or complete payment transactions in one click. In the coming months, will also be adding a status feed, a live payments dashboard providing real-time notifications and updates on the status of incoming and outgoing payment activity.

Businesses can join the Network by visiting

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access