Payment orchestration solutions provider Transcard has entered the Canadian market and onboared Xodus Travel Services, its first customer in the region.
Xodus Travel Services operates in the Canadian insurance market.
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The expansion includes the integration of local payment rails and support for Canadian French across its solutions.
Transcard’s embedded payment platform is designed to support global payments in multiple currencies and includes configurable language packs and domiciled data capabilities.
It ensures compliance with international data protection standards such as GDPR, RPAA, and PIPEDA.
Transcard’s SMART Suite is a set of payment solutions enabling collaboration and sharing of payment information across various industries.
The suite can be embedded within a customer’s ERP or core system, connects to existing bank accounts and supports payment orchestration for businesses of all sizes.
Its features comprise disbursements, receivables, account-to-account payments, cross-border payments, AI insights, and supply chain financing.
Transcard looks to enhance its Canadian offerings by introducing additional bank connections and real-time payment options, including the Interac payment rail, virtual cards, and push-to-debit services.
Transcard CEO Greg Bloh said: “Launching in Canada marks a significant milestone in the company’s mission to enhance digital payment solutions worldwide. We’re excited to expand our capabilities, build more strategic partnerships and support customers in Canada,”
Xodus CEO and president David Rivelis said: “We’re excited to partner with Transcard as they expand their payment solutions in Canada. By enabling their fast, secure, digital payment solutions, Xodus Travel Services will offer policyholders an improved claims experience with payment optionality and real time payment options.”
Last month, Transcard received payment institution licence from the Financial Conduct Authority (FCA) in the UK.
