Digital River Adds TreviPay As B2B Payment Option
TreviPay has rolled out its payment offering with Minnesota-based global commerce technology provider Digital River. TreviPay’s technology will enable Digital River to continue to digitize and build out a “consumer-like” buying experience for corporate clients to grow their businesses on an international scale, according to a Wednesday (April 7) announcement emailed to PYMNTS.
“Digital River is always looking to add new and innovative payment methods to our Global Seller Services to help brands scale in markets across the world,” Digital River Chief Payments Officer Eric Christensen said in the announcement. “Given TreviPay’s global presence and ability to remove friction from the purchasing process, it was clear they were a natural fit to help our B2B clients drive buyer loyalty.”
TreviPay provides a payment offering that allows for longer net terms in addition to invoicing at checkout for online commerce stores. Corporate buyers get a “consumer-like” buying experience through TreviPay, according to the announcement, which noted that TreviPay facilitates $6 billion in transactions annually in 18 currencies for clients in over 27 nations.
“Not only will TreviPay have the capability to scale alongside Digital River’s continued growth, the technology will also help the company strengthen existing client relationships and nurture new ones,” TreviPay CEO Brandon Spear said in the announcement.
The news comes as global B2B payments company MSTS changed its brand identity and moniker to TreviPay. The new branding shows the company’s position as “the preferred B2B payment provider for leading Fortune 500 companies and small- to mid-sized businesses,” according to a previous announcement in March.
Spear said in the announcement that the time that the firm has supported national and global companies for a long time across verticals like manufacturing and retail “as the only business-to-business solution designed for suppliers and merchants.”
He said the company positions its technology and services “to support our clients in the rapid transformation of digital commerce.”