Nexus and Visa to Expand B2B Payments to Real Estate
FALLS CHURCH, Va. SEPTEMBER 12, 2018 - Today, Nexus announced the company’s strategic alliance with Visa to help streamline accounts payable functions for Nexus real estate customers, enabling them to pay suppliers more quickly, safely and conveniently with Visa virtual cards.
“Nexus is the premier provider of software for real estate that makes it simpler to receive, process, and pay supplier invoices and Visa is renowned for continually driving innovation in payments and digital commerce,” says Jennifer Coolidge, president of Nexus. “Our collaboration with Visa will help us deliver virtual card payments for our clients, transforming the tedious pain point of supplier payments into a fully automated, integrated, seamless experience.”
The NexusPayables Solution can integrate with a financial institution’s Visa commercial credit account payment capabilities. In doing so, Nexus can facilitate Visa commercial card payments from Nexus customers to merchants who accept Visa. Nexus customers will submit a consolidated payment file which will match real-time with supplier payment elections from the Nexus platform. An email with payment and remittance details is then sent to the merchant, who can process the single use virtual card as they would process any credit card transaction. The supplier benefits from safe, fast payments with great visibility.
By seamlessly facilitating procure-to-pay, along with providing access to countless business connections and 24-7 capability for information sharing and visibility, Nexus is making it easier to maintain the relationships at the heart of real estate.
“Nexus has been working to address the challenges of real estate clients for nearly 20 years,” said Taira Hall, vice president, Visa Business Solutions, Visa. “We look forward to bringing together Nexus’ experience and our vertical-market expertise to help drive virtual card adoption and reimagine B2B payments for buyers and suppliers.”
Visa is focused on enabling businesses to send and receive funds in a more efficient and effective way within industry verticals. Visa’s work with Nexus demonstrates Visa’s commitment to helping drive adoption of virtual cards across key B2B industries.
Nexus is the leading provider of Accounts Payable (AP) and Payments Automation software for the real estate industry. Their procure-to-pay solution takes a 360 degree view of customer and supplier needs, addressing pain points unique to real estate. By putting people at the forefront of automation, their product suite offers more than efficiency, control, and insight—it makes it easier to maintain the relationships at the heart of business. When people connect, technology works. To learn more about Nexus, visit their website.