Paya and RECUR360 Form Strategic Alliance to Implement Integrated Payments for B2B Clients

Paya | July 14, 2021

Paya, a leading supplier of integrated payments and commerce solutions, has established a strategic alliance with RECUR360, a cloud-based software and automation solution provider that provides recurring payment, invoicing, and collection capabilities across a variety of B2B sectors. RECUR360 will provide its clients greater capabilities and support for integrated card and ACH transactions as a result of the agreement, while also expanding into new, underserved areas such as wholesalers, distributors, and field service providers.

“Through this strategic collaboration, RECUR360 will provide its clients with greater efficiency across the end-to-end payments process while also providing an enhanced user experience,” stated Paya CEO Jeff Hack. “The collaboration also expands Paya's possibilities to serve B2B-focused software clients in the field services market, where our integrated payments capabilities may deliver a significant value proposition.”

“Our cooperation with Paya marks another important step forward in value for our customers,” stated Andrew Abrams, Recur360's Founder and CEO. “We are pleased about Paya's comprehensive API library and automated onboarding process, both of which will make RECUR360's clients' payments process more simple and efficient.”

About Paya
Paya is a leading supplier of integrated payment and frictionless commerce solutions that assist clients in accepting and making payments, expediting money receipt, and increasing operational efficiencies. The firm handles approximately $35 billion in yearly payment volume by credit/debit card, ACH, and cheque, ranking it among the top 20 payment processors in the United States. Paya serves over 100,000 clients through over 2,000 major distribution partners in high-growth verticals such as healthcare, education, non-profit, government, utilities, and other B2B end markets. The company's basis is focused on providing powerful connections with front-end CRM and back-end accounting systems to improve customer experience and workflow. Paya is based in Atlanta, Georgia, and has offices in Reston, Virginia, Fort Walton Beach, Florida, Dayton, Ohio, Mt. Vernon, Ohio, Dallas, Texas, and Tempe, Arizona.

About RECUR360
RECUR360 TECHNOLOGIES LLC is a prominent Invoice and Payment Automation service for QuickBooks Desktop and Online users. RECUR360 accelerates QuickBooks workflow by accelerating recurring invoice creation, payment processing, batch emailing, collections, late fees, convenience fees, and sales tax calculation. Because the programme is web-based, accounting and sales users may access it from any web browser at any time and use the extensive security settings to generate unique user logins with limited module access. RECUR360 now offers improved credit card and ACH processing rates, as well as reconciliation technology, to QuickBooks customers as a result of its partnership with Paya. RECUR360 is used by businesses with Monthly and Annual Recurring Revenue (MRR/ARR), as well as subscription-based products and services, to process over $250 million in payment transactions per year. Custom connections may also be built to link with other front-end programmes, such as CRM systems, IT management systems, and time and expense management systems. RECUR360 is headquartered in Scottsdale, Arizona, and has virtual offices around the United States.


Let's get you the business side of things during Nigerian President Muhammadu Buhari's state visit to China. Several deals were hammered out between the two countries. That includes fresh credit lines and currency swap agreements. But what of the benefits? Well, CCTV's Ramah Nyang has those details for us.

Other News

BearingPoint and SIX Launch a Collaboration for Payments and Request-To-Pay

BearingPoint | December 18, 2021

Management and technology consultancy BearingPoint and the Swiss financial market infrastructure operator SIX are partnering to develop a fully integrated invoice-to-payment service. The service will digitalize the entire value-added chain from the issue of the invoice to its payment: invoice issuers will send invoices directly and securely to their customers’ online and mobile banking applications. Customers can verify all the information online and then approve payment of an invoice at the click of a button. This service will also support the SEPA Request-To-Pay (SRTP) functions. The platform is based on the eBill processing infrastructure of SIX, as this is already well established in Switzerland and will be rolled out in Europe with BearingPoint’s industry experience. The goal is to offer banks in Europe a model that has been tested in Switzerland and that enables the receipt of invoices and the release of payments directly through those banks’ electronic banking platforms. A key advantage is the ease of integration into the banks’ environments, thereby enabling fast and cost-effective implementations. The timing for the rollout of the solution depends on the participation of banks and invoice issuers in the respective countries. BearingPoint and SIX are currently planning for the first applications in the European market by 2023. “With eBill, SIX has established a successful solution for digital invoices in the Swiss market. It is used by around 100 financial institutions and already reaches more than half of Swiss households. In our next step, we want to implement this innovative solution across Europe in partnership with BearingPoint,” emphasizes Marco Menotti, Head of Banking Services and Member of the Executive Board of SIX. “The role of the bank account in payment processing is undergoing a fundamental change. Banks need to address how they will position accounts with their customers in the future. Our joint solution offers banks a way to link accounts with additional services that are related to invoice receipts and payments, and creates an overall win-win-win situation for banks, consumers and businesses,” adds Thomas Steiner, Global Leader Banking & Capital Markets at BearingPoint, explaining the motivation for the initiative. With our innovative solution, we can help invoice issuers achieve significant cost savings when processing transfers. It also massively improves the user experience for debtors, as they receive invoices and initiate payments in a single step and within the familiar digital environment of their own bank. For banks, this will result in a strengthening of their customer relationships and – through the reductions in paper invoices – also contribute to environmental protection” Stefan Schütt, head of the RTP initiative at BearingPoint. About SIX SIX operates and develops infrastructure services for the Swiss and Spanish stock exchanges and for securities services, banking services and financial information with the aim of improving efficiency, quality and innovative capacity across the entire value chain of the Swiss and Spanish financial centers. The company is owned by its users (121 banks). With a workforce of around 3,500 employees (full-time equivalents) and a presence in 20 countries, it generated operating income of CHF 1.38 billion and Group net profit of CHF 439.6 million in 2020. About BearingPoint BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three business units: The first unit covers the advisory business with a clear focus on selected business areas. The second unit provides IP-driven digital assets and managed services beyond SaaS. The third unit is designed to explore innovative business models with clients and partners by driving the financing and development of start-ups and leveraging ecosystems. BearingPoint’s clients include many of the world’s leading companies and organizations. The firm has a global consulting network with more than 10,000 people and supports clients in over 70 countries, engaging with them to achieve measurable and sustainable success.

Read More


3QualiTy Extends Seed Sale And Partners With MoonbaSwap

3QualiTy | May 24, 2022

Beginning May 30th, 3QualiTy, a leader in the charitable giving fintech space announced that it will partner with MoonbaSwap, a cross-chain AMM DEX protocol for swapping tokens based on OneLedger and its bridged chains. This partnership will be 3QualiTy’s launchpad for an extended seed sale, and makes the company the first crypto project to use the MoonbaSwap launchpad. Ultimately, this opens up the 3QualiTy platform to additional users, while also providing them with low transaction fees. The MoonbaSwap launchpad will offer: token investment which allows purchasing and trading of tokens that users store in their connected wallet; wallet integration through Metamask; multi-tiered staking and farming; KYC compliance; and lending and borrowing. An AMA session took place on May 19th, which allowed for an open conversation across platforms. MoonbaSwap is excited to announce the first project to go live on its LaunchPad will be 3QT, a New-York based fintech charity platform, MoonbaSwap is a Defi protocol and LaunchPad, built on the OneLedger platform, a web3 network protocol with a true multi-chain application environment built from the ground up for cross chain interoperability. Our goal is to host the world’s best projects after careful due diligence and consultation with a formidable cohort of technology and financial specialist that make up our Advisory Committee. 3QT is a quality project with prodigious talent and exemplary global support.” George Connolly, the president and CEO of OneLedger and MoonbaSwap Technologies. MoonbaSwap is also the developer of the company’s smart contract for the new 3QualiTy token. The partnership builds upon new technology which has the potential to grow into a very powerful blockchain. The success of 3QualiTy is our number one priority and wherever we see the opportunity to build this platform, make it better for the users, and increase our success rate legally in a way that does not affect our users, we will always look to take advantage of these opportunities.” Nicholas Chandler, 3QualiTy Co-founder & CEO. About 3QualiTy: 3QualiTy is a fintech company that offers an easy solution to charitable giving. 3QualiTy is a secure interface between charity and decentralized ledger technology. Through its digital token, 3QT, and its philosophy “Every Human is Equal,” charity and cryptocurrency go hand in hand. About MoonbaSwap: MoonbaSwap is a cross-chain AMM DEX protocol for swapping tokens based on OneLedger and its bridged chains, this removes ‘trusted’ intermediaries and provides the platform for faster trading. MoonbaSwap can produce a throughput of about 4000 tps, which is a lot faster than what other dexs can offer.

Read More


Engiven, Inc. Launches IRS Tax Form and Appraisal Service for Cryptocurrency Donations

Engiven | March 30, 2022

Engiven, Inc., a pioneer in the cryptocurrency donation arena, announces the release of its IRS tax form and appraisal service for cryptocurrency donations. The Engiven platform now saves time and adds tremendous value by automatically generating the required IRS Form 8282 for nonprofits and IRS Form 8283 for crypto donors. Additionally, Engiven will provide a free appraisal to all donors who give $5,000 of crypto or more to nonprofits using the Engiven platform. With tax season upon us, we want to ensure that donors and nonprofits on the Engiven platform have the required, pre-filled, tax forms needed to comply with IRS regulations for cryptocurrency donations. By automating the tax form creation process, we hope to bring value to donors and enable nonprofits to save time and free them up to focus on their mission." James Lawrence, Engiven's CEO. Engiven's IRS tax form and appraisal service works as follows. If a cryptocurrency donation of $500 or more is exchanged for USD, it is necessary for the nonprofit to file IRS Form 8282 for the donation. The Engiven platform automatically enters the donation information into the Form 8282 and sends the completed form to the nonprofit to sign and file. If a donor gives a cryptocurrency donation of $500 or more, the donor must file Form 8283 with their tax return for the donation. If the donation is $5,000 or more, the donor must also obtain an appraisal, which can be a major expense to the donor. The Engiven platform now automatically sends the donor a contribution receipt with a secure link for the donor to generate their Form 8283 and the appraisal. The appraisal is free to the donor. Engiven understands what nonprofits and their donors need when it comes to processing crypto donations. Their new tax form service saves us a significant amount of time and provides the donor with a turn key solution, which until now, was time consuming and expensive." Amy Fox, Chief Financial Officer of Players Philanthropy Foundation. Engiven believes cryptocurrency will continue to provide an exceptional tax-based giving opportunity for donors who have been holding crypto long-term, and handling the tax form creation for nonprofits and their donors provides the next level of service to the crypto community. About Engiven Founded in 2018, Engiven is a leading provider of cryptocurrency donation services to nonprofits and faith-based organizations. The Engiven platform provides a highly automated crypto giving solution that includes block chain monitoring, automatic exchanges, gift receipts, bank deposits, IRS tax form creation, custody options, and a full suite of developer APIs. Engiven's nonprofit clients include some of the most respected charities and ministries in the United States including The Salvation Army, US Figure Skating, Compassion International, Texas A&M, and North Point Ministries. Engiven does not provide tax advice. Please consult your tax advisor before filing.

Read More


Major Israeli Bank Turns to Stanchion for Secure Payment Environments and HSM Migrations

Major Israeli Bank | June 13, 2022

Stanchion Payment Solutions has successfully completed HSM migration for one of Israel’s top three banks. The bank has migrated from ARX hardware security modules (HSMs) to Futurex HSMs. HSMs power the bank’s secure payments environments such as managing the cryptographic key exchange for the bank’s ATM and kiosk networks. In addition to the core HSM replacement, the bank invested in remote touch devices that allow for secure remote management of the hardware, reducing the number of visits needed to secure data centre locations in-person. ARX had a successful market share in Israel of HSMs and had announced that it was ending support and maintenance for its product line as it exits the HSM market. This latest success represents the third live deployment and riskless migration from ARX HSMs to Futurex trusted platform, in the Israel market. The bank went through a rigorous RFP procurement process and chose Stanchion’s expertise and the market-leading Futurex HSM to manage the next generation of data encryption for their operations. Key factors in the decision were the platform’s rich user interface, relevant client base, and confidence in Stanchion to deliver a seamless migration. Stanchion Payment Solutions Ltd, a global payments solution provider, delivers world-class skills, solutions and services to institutions. Stanchion led the bid and delivery process to augment and support the bank’s in-house team to help with the migration to the modern, advanced payment security platform based on Futurex encryption technology. Stanchion brings extensive experience in both the payments and HSM environment and used this experience to help the bank with its smooth migration. Stanchion’s partner, Futurex, is one of the world’s leading providers of cryptographic technology and solutions for payment processing, card and mobile issuance, and advanced fintech solutions. The company offers an advanced, best-of-breed portfolio of HSM solutions that comply with all PCI and FIPS security standards. In today’s mission-critical, 24x7x365 payments environment, strong hardware-based cryptographic infrastructure remains a critical need for Israeli banks. Even more so with rapid growth in mobile initiated payments, electronic wallets and future contactless payments and open banking alternative payments methods, With a local entity registered in Tel-Aviv we are well positioned to help banks and payment providers with the full management of their HSM and public key encryption infrastructure, with the experience of many Futurex deployments and customers around the world.” Norman Frankel, Regional Managing Director UK/Europe and Israel at Stanchion Payments. This successful third migration in Israel is part of our continued investment in this market. Futurex can help banks in Israel to replace legacy HSMs from ARX and other providers with new, innovative technology, or to virtualise payments infrastructure while retaining PCI and FIPS security compliance. Another strong feature of the Futurex product line, with its API and International Command sets, is the ability to also work in mixed-estate environments. We see this as a growing approach to risk mitigation.” Roland Allen, General Manager EMEA at Future. About Stanchion Payment Solutions Established in 2001, Stanchion Payments has offices in Australia, South Africa, the UK, Middle East and the USA. Our experience in complex payments environments and our ability to leverage our international client engagements enables us to offer a range of solutions, services and products to integrate, manage, optimise and secure your payments systems. Trusted by clients around the globe, we have a collaborative and flexible approach, focused on addressing our clients’ business opportunities and challenges. To facilitate services to clients in Israel, Stanchion Payments has a local office in Tel-Aviv. About Futurex For over 40 years, Futurex has been a trusted provider of hardened, enterprise-class data security solutions. More than 15,000 organizations worldwide, including financial services and corporate enterprises, have used Futurex’s innovative hardware security modules, key management servers, and enterprise-class security cloud solutions to address their mission-critical systems, data security, and cryptographic needs. This includes the secure encryption, storage, transmission, and certification of sensitive data. For more information, please visit

Read More


Let's get you the business side of things during Nigerian President Muhammadu Buhari's state visit to China. Several deals were hammered out between the two countries. That includes fresh credit lines and currency swap agreements. But what of the benefits? Well, CCTV's Ramah Nyang has those details for us.