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AeroParts Now (APN) and Multi Service Technology Solutions (MSTS) have partnered to extend APN’s marketplace capabilities to include payments. APN is an online marketplace for the buying and selling of aviation parts, accessories and services. MSTS provides automated payments and settlement system for APN’s marketplace, allowing the entire purchasing process to be conducted online. A true procure to pay model.

CPI, Commercial Payments International, Middle Market will discuss the opportunities abound to provide cards and payments services that help these companies continue to thrive. Eliminating time consuming manual processes, addressing their cashflow needs, and transitioning them into the digital age are just some of the ways financial services can help with improving performance.

No B2B transaction occurs in a vacuum. Buyers and suppliers must consider the history of their relationship, negotiated rates and payment terms, and the reputations of the companies working together. Every interaction — from negotiating contracts to making payment to extending credit — is connected, but the complexity of B2B commerce creates many opportunities for disjointed, friction-filled experiences on both sides.

“Credit as a Service” debuted today from payments company MSTS to let online sellers provide their own branded lines of credit to buyers.

Payment and credit services provider MSTS today introduced a cloud-based service designed to let companies offer on-the-spot credit lines to online buyers that satisfy credit risk requirements. MSTS, a subsidiary of World Fuel Services Corp., has operated for decades in the payment and credit services industry. It handles about $5 billion in volume and provides clients with credit underwriting and risk management services in more than 190 countries.

Retailers around the world are losing sales to Amazon.com and other online marketplaces, and some are looking to replace lost business-to-consumer (B2C) revenue by expanding business-to-business (B2B) sales. MSTS, a credit and payment processor in transportation, manufacturing, retail and ecommerce, sees an opportunity in offering a turnkey credit as a service (CaaS) platform to increase B2B sales in 32 countries. 

MSTS, a global B2B payment and credit solutions provider, today announced that SVP of Americas and Global Accounts, Martha Salinas has been named to the Commercial Payments International (CPI) Global Advisory Board.  Hannah Winans, MSTS Program Development Specialist, has also been appointed to the Kansas City Chapter of the Global Business Travel Association (GBTA) Board of Directors and named Chair of its Sponsorship Committee. 

Celebrate women's achievements, innovation, and leadership in the payments industry. If you are in payment services, treasury, accounting or banking, Women in Payments® is for you.

Connect with us while we're there! Our own Women in Payment's leaders, Martha Salinas and Michelle Faul, will be there.

There could be a lingering question if your business is slowly eating away profits: Does your company have a billing and payment problem? Implementing payments and billing efficiently is vital to your business health, yet maybe something is broken and it’s impacting the way your business works today. Implementing payments and billing efficiently is vital to your business health, yet maybe something is broken and it’s impacting the way your business works today. In many cases, our everyday business lives come with so many varied challenges that the most important, foundational problems are ones hidden in the bedrock. Upgrades such as APIs and using closed-loop cards can help contain expense and ease user experience.

MSTS has been accepted as a member of BiTA, the Blockchain in Transport Alliance, to aid in the creation of benchmark standards and begin to extract the full potential of the technology in the transportation industry. BiTA is the forum for the advancement of blockchain in transportation, guiding the infrastructure to be the leading blockchain voice providing more clarity and benchmark standards through education and promoting the technology. Members know blockchain is the way of the future and agree to usher the evolution to benefit the entire industry.

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