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Mobile B2B Payments Combine Consumer-Grade CX With Industrial-Strength Security

B2B mobile payments app

When eCommerce accelerated during the pandemic, merchants suddenly found they were acquiring more and more customers online — and they didn’t know them as well as their in-store customers.

“With that, we needed to come up with a solution that allowed an omnichannel experience that was secure and intuitive,” Martha Salinas, chief commercial officer at TreviPay, told PYMNTS.

That solution was TreviPay’s mobile payment app, which is designed to give business-to-business (B2B) customers who purchase in-store an omnichannel experience. This one-click payment app for B2B buyers found its first partner in Staples Canada, which is now leveraging the offering in all its stores.

Giving Instant Data to Both Buyers and Merchants

Six months after the launch of the app, the mobile payment app is being used in 305 Staples stores in Canada.

“We are in conversations with other clients about leveraging the mobile app solution,” Salinas said.

For added security, there’s a multifactor authentication application so that when the buyer uses the mobile app at the store, it generates a code that the store scans in order to identify the customer at the point of sale.

Meeting Buyers Exactly How They Want to Buy

The app gives the customer access to a credit line immediately, without having to wait for a plastic card. The customer can use it immediately to buy online, in the store or by calling a salesperson.

It allows the merchant to offer these options without having to upgrade their point-of-sale (POS) system, and it provides a competitive advantage because the merchant can meet customers where they want to be in terms of payments.

“So, it is giving another tool to the buyer to meet them exactly how they want to buy,” Salinas said.

While the app is designed to be intuitive, clean looking and easy to use in order to bring a business-to-consumer (B2C)-like experience to the B2B space, it’s also as secure and robust as a B2B app needs to be.

“It needs to go beyond the B2C experience because in the B2B space, there’s more stakeholders, the credit lines tend to be larger and fraud is a little easier because the information about the business is more accessible and available to people,” Salinas said.

Originally written by PYMNTS. Read the full article here.

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