Businesswire | April 10, 2023
CoreChain Technologies, the first embedded B2B payments network built on distributed ledger technology, today announced the launch of its direct-to-customer payments automation product, CoreChain Pay™. The secure, digital, and cloud-based system allows companies to eliminate paper checks, reduce fraud risk, simplify vendor payments, and increase profits, while also gaining access to working capital solutions for companies and their suppliers.
CoreChain Pay makes it easy to manage vendor payments processing using virtual payment cards, ACH and other digital methods. By helping companies transition away from inefficient legacy “paper check” based solutions to a modern digital payments tech stack, CoreChain is simplifying business procedures, eliminating expenses, and enhancing security. CoreChain Pay mitigates the risk of payments fraud by providing a tamper-proof record for every buyer-supplier transaction, and an immutable source of truth for transactions with perfect visibility to both parties.
The platform also provides more cash control for business owners, finance managers and executives. CoreChain Pay reduces the expense of payments through an incentive program that allows customers to share in the revenue generated from payments. Additionally, suppliers can accelerate invoices (up to 120 days) to receive payments before they are due, enabling businesses to improve cash flow. And customers have access to lines of credit up to $1M based on their payments volume and Purchase Order activity.
“CoreChain Pay eliminates many of the challenges that have long plagued finance and AP managers,” said Chris Aguas, Co-Founder and CEO of CoreChain. “Managing payables is time consuming, and paper checks are messy and fraught with fraud and inefficiencies. Enter CoreChain Pay, which offers a single, simple automated Payments Solution that uses your existing accounting system to pay your vendors digitally and earn an incentive at the same time. Transition your AP team from a cost center to a profit center.”
With over $1 Billion in Payments Processed to date and over 250,000 suppliers in the CoreChain Network, CoreChain is the only network built for scale and security on enterprise Blockchain to streamline B2B Payments.
“Using CoreChain Pay, we’ve democratized the payments process with our partners and suppliers,” said Jeremy Potoka, Founder of Presales Leader. “As a supplier customer receiving payments, we’re able to deal directly with our entire ecosystem of business constituents, without the need of an intermediary, making payments faster, cheaper and more secure. It’s how business-to-business should be done.”
Launched in September 2020 and led by proven FinTech entrepreneurs, CoreChain is the first digital B2B payments network built on blockchain, and is building a network of networks, which enables businesses to pay other businesses securely, quickly, and efficiently compared to legacy methods, while unlocking lending opportunities for suppliers to finance working capital tied up in approved, but unpaid invoices.CoreChain’s award-winning distributed ledger technology (DLT) automates the exchange of transaction data and funds within a secure and trusted network environment, empowering B2B marketplaces, B2B software platforms and banks to offer payments and financing services to their buyers and suppliers via our API-centric, white-label platform.
Businesswire | April 24, 2023
Snack POS, a leading provider of restaurant point-of-sale software, has announced the release of a new feature that allows customers to add a tip directly on the customer-facing screen. This new feature aims to improve customer experience and make tipping easier and more convenient for customers.
With this new feature, customers can now add a tip to their total bill amount right from the customer-facing screen. This eliminates the need for customers to ask for a separate receipt or find the appropriate section on the paper receipt to add a tip.
The feature is simple and easy to use. When the customer is ready to pay, the customer-facing screen will display the total amount due, along with options for adding a tip. Customers can choose from preset tip percentages or enter a custom amount. The tip amount is then added to the total bill, and the transaction is complete.
"We are excited to offer this new feature to our customers," said Shmuly Preizler, CEO of Snack POS. "We understand the importance of making the checkout process as seamless and efficient as possible, and we believe that adding a tip feature to the customer-facing screen is a step in the right direction."
The new tip feature is available to all Snack POS customers immediately and can be easily added to their existing system through a simple software update.
About Snack POS:
Snack POS is a leading provider of point-of-sale for restaurants of all sizes. With a focus on simplicity, affordability, and reliability, Snack POS offers a suite of tools and features that help businesses run more efficiently and effectively.
PRnewswire | April 25, 2023
Praxis Tech Ltd, a leading provider of cutting-edge payment technology software, is pleased to announce its partnership expansion with SoftGamings, a renowned developer of online gaming software.
The collaboration between the two companies will see Praxis Tech offer some of its latest features and product enhancements; including Merchant Initiated Transactions (MIT) - transforming and easing customer experience by facilitating One-Click Payments for customers. Employment of this feature significantly increases conversions and enhances customer experience for SoftGamings' operators. Simultaneously, Praxis will also be providing access to its latest decline recovery features ensuring that SoftGamings' operators can boost their revenue significantly.
Extending the partnership will enable SoftGamings' operators to benefit from Praxis' extensive arsenal of 525 pre-integrated PSP's or even step into the realm of exploring new PSP integrations which Praxis can onboard rapidly. Overall, the partnership will enable SoftGamings' operators to further their global expansion efforts and enter new markets with ease.
Praxis Tech's CEO, Amit Klatchko, said, "We're thrilled to be extending our partnership with SoftGamings, a company that shares our passion for innovation and delivering the best possible payments experience to customers. We've recently come along in leaps and bounds with regards to developing and enhancing our product. We believe that our latest technological advancements will help take SoftGamings' products to the next level and are excited to be a part of their continued growth and success."
SoftGamings' Chief of Banking and Payments, Anna Marinuka added, "We are delighted to broaden the scope of our relationship with Praxis Tech, a company at the forefront of payment technology orchestration. We're now able to offer our operators access to the Praxis 24/7 support team and even should any of our operators require assistance. Praxis' innovative solutions give our operators an even more immersive gaming experience for their customers."
She went on to elaborate that "we're going to be working closely together to integrate Praxis Tech's latest technology advancements into more of our products, offering our operators the ability to enhance their global reach and revenue."
The partnership is expected to have a significant impact on the online gaming industry, and both companies are excited about the opportunities it presents.
About Praxis Tech
We are Praxis. Our mission is to empower every online business to achieve sustainable growth through better online payment solutions. The world of online payments is constantly changing and often difficult to navigate. This is especially true for any business looking to expand its operations globally. Through our simple and elegant payment technologies, we are committed to bringing the transformative powers of expertly orchestrated payment solutions to our clients. Praxis, Power Your Payments.