PROACTIS Holdings PLC (LON: PHD), the global spend management and B2B eCommerce solution provider, has today announced that it has signed a supply agreement with GBG, the identity data specialists, to support the delivery of Proactis’ Accelerated Payment Facility.
Proactis will integrate with GBG’s identity validation solution, GBG IDscan, to support the digital onboarding of suppliers to the APF, whilst preventing the risk of fraud. Supported by the integration of GBG IDscan, Proactis estimates that supplier set-up will take less than three minutes with subsequent accelerated payment requests taking less than 30 seconds.
GBG captures the textual and image information from more than 4,000 global identity documents and deliver automated authentication results, which will support the international roll out of the APF.
Anthony Persse, Financial Solutions Director of Proactis Holdings plc, stated:
“We are very happy to be working with GBG, marking an important milestone as we continue to build our Accelerated Payment Facility product. This relationship will further enhance our simple and swift onboarding process for suppliers and importantly add another layer of security. We remain committed to investing and developing our core innovative B2B commerce and networking offerings and this is one such example. We are excited by the opportunity and we look forward to further developing our early customer adopter programme.”
Adam Desmond, Client Director, at GBG, commented:
“We are delighted to be working with Proactis and are committed to supporting the delivery of the Accelerated Payment Facility, which is aimed at driving much needed liquidity to SMEs on an international basis.”