ConnexPay (CXP) is a technology platform and solution that combines merchant processing and virtual card issuing into a consolidated offering for intermediary service providers. The platform contains proprietary business logic that changes the underlying risk within the payment process between buyer and supplier in the travel industry. The platform reduces risk, lowers the cost of accepting credit card payments, provides additional cash flow, simplifies reconciliation, and provides needed credit in transactions involving intermediary entities.
The platform is available through direct integration into API’s or through a web portal. The following diagram outlines the various products and services that ConnexPay offers.
Updated about 1 year ago