Exela Technologies Partners with Mastercard on UK “Request to Pay” Solution
September 30 2019 - 1:00PM
Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA), a
location-agnostic global business process automation (“BPA”) leader
across numerous industries, today announced its partnership with
Vocalink, a Mastercard company, to deliver a “Request to Pay”
solution in the UK. The solution is a core component of PAY.UK’s
“new payment architecture,” its new conceptual model for the future
development of the UK’s shared retail payment infrastructure.
Set to launch in Q1 2020, Request to Pay enables
consumers to electronically receive payment requests, view bills,
and make real-time bill payments—all in one place. Request to Pay
serves as a secure, unified messaging service, enabling users to
communicate before bill payment takes place. User benefits include
the simplification of the payment process, increased transparency
into how and when bills are paid, and cost savings related to
increased straight through processing and simpler reconciliation
through greater use of structured data.
“Exela is focused on innovating and growing its
global banking solution, bringing cost-effective, automated
solutions to our financial services customers, and continuing to
invest in our technology-enabled solutions,” said Vitalie Robu,
President, EMEA, Exela Technologies. “We are excited to debut
Request to Pay, and by the overlay opportunities that Request to
Pay enables, such as the ability to integrate Exela’s cash
management and liquidity platforms.”
“Our Request to Pay solution is a new payment
application that delivers significant benefits for all involved –
consumers, businesses, and banks – providing more flexibility,
speed and transparency of bill payments,” said Gregor Dobbie, CEO,
Vocalink, a Mastercard company. “It has the potential to transform
the way we settle our day to day bills.”
About ExelaExela is a
business process automation (BPA) leader, leveraging a global
footprint and proprietary technology to provide digital
transformation solutions enhancing quality, productivity, and
end-user experience. With decades of expertise operating
mission-critical processes, Exela serves a growing roster
of more than 4,000 customers throughout 50 countries, including
over 60% of the Fortune® 100. With foundational technologies
spanning information management, workflow automation, and
integrated communications, Exela’s software and services include
multi-industry department solution suites addressing finance and
accounting, human capital management, and legal management, as well
as industry-specific solutions for banking, healthcare, insurance,
and public sectors. Through cloud-enabled platforms, built on a
configurable stack of automation modules, and over 22,000 employees
operating in 23 countries, Exela rapidly deploys
integrated technology and operations as an end-to-end digital
journey partner.
Find out more at www.exelatech.comFollow Exela on
LinkedIn https://www.linkedin.com/company/exela-technologies/Follow
Exela on Twitter: https://twitter.com/exelatech
Contact: Nick Rossetti, Communications ManagerE:
nick.rossetti@exelatech.comT: 203.487.5312
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