back Back

Papaya and Applied Innovation to enable payment methods for ARM

By Leandra Monteiro

May 05, 2022

  • Accounts Receivable Management
  • Applied Innovation
  • Bill Payment
Share

Papaya, Mobile Bill Payment Application, Computer Vision Technology, Bryan Haynes, Chief Revenue Officer, Shemika Jones, Chief Compliance and Risk Officer, Blackhawk Network, USA, PayNearMePapaya, a modern bill payment platform that uses proprietary computer vision technology to simplify bill payments for consumers, announced its partnership with Applied Innovation, a software development company that provides a suite of solutions for the Accounts Receivable Management (ARM) industry to automate workflow and improve efficiencies. This partnership will enable Applied Innovation to integrate Papaya’s proprietary “bill understanding technology” into their business customers’ payments portals, allowing consumers to submit payments in a matter of seconds by simply scanning a bill with their cell phones, providing a less stressful and time-intensive experience.

“At Papaya, our mission is to alleviate the stress of paying bills for American families,” said Patrick Kann, CEO and co-founder of Papaya. “We are thrilled to extend Papaya’s bill payment solutions to Applied Innovation and its business customers, and to expand the number of Americans that can now pay their bills with our simple and frictionless experience.”

Consumers can access Papaya’s frictionless solutions via the express feature within Applied Innovation’s business customer payments portal. Papaya has integrated with a number of Applied Innovation customers including PFC, a full-service accounts receivable management company located in Greeley, Colorado.

“Partnering with Papaya is a tremendous opportunity to streamline the accounts receivable management process,” said Harry Strausser, President of Applied Innovation. “The ARM industry has been historically slow to innovate, but we strongly believe alternative payment methods like Papaya are the next step for improving the experience of our business customers, as well as everyday consumers.”

“Adding Papaya to our payments portal has given our consumers a simple and fast way to pay their bill,” said Derrik Garhart, Senior Director of Recovery at PFC. “At first, I wasn’t sure what consumers would think of a newer technology like this, but the response has been overwhelmingly positive, and Papaya is currently used for 50% of all our website payments. It’s always great to offer consumers newer technology, especially more self-service options, and Papaya does just that.”

Applied Innovation intends to continue integrating Papaya’s solutions into its business customers’ payments portals as the year progresses. This partnership comes on the heels of Papaya’s $50M Series B in December 2021 led by Bessemer Venture Partners. Papaya plans to introduce a number of new features for billers, fintechs, and consumers to further disrupt the bill payment experience in the months to come.

Previous Article

May 05, 2022

YOP 2.0 enters public launch phase to make De-Fi accessible to all

Read More
Next Article

May 05, 2022

MoneyGram announces strategic partnership with Banque Misr

Read More









IBSi Daily News Analysis

Middle East, Egypt

January 16, 2024

Accounts Receivable Management

Egypt among top remittance recipient countries in 2023: World Bank

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Storfund & Mangopay to ease cash flow for marketplace sellers

Read More

Today

Revolut teams with Jabil to scale development of mobile payment solutions

Read More

Today

Worldline partners with Google to enhance cloud-based innovation

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023