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NewProducts

Transform AP, AR with automated

real-time payments

Photon's automation to convert any payment, invoice, re-
mittance, or PDF into a standardized ISO 20022 message
automatically within seconds, while obtaining a range
of added benefits, including the ability to convert invoic-
es into instant payments or request for payments (RTPs),
hoton Commerce, a financial AI platform com- Murphy noted. Participants can also capture and digitize
pany, added instant payments and data auto- invoices, even for international invoices, reducing fraud-
mation to its API family, creating solutions related risks, she said.
P designed to enable enterprises to process B2B
payments, invoices, statements and receipts instantly. By Photon APIs are designed to enrich payment data with
standardizing all forms of payments data, from invoices itemized SKU data for any transaction, even when mer-
and checks to receipts and bank statements, Photon prides chants do not share it, Murphy stated, adding that they can
itself on providing a fully automated solution as well as automatically GL-code transactions down to line-item de-
batch processing based on client needs. Angela Murphy, tail. Following are additional benefits:
Ph.D., vice president, business development at Photon • Accelerate loyalty, rewards, cash back and engage-
Commerce, described the company's suite of application ment by turning transaction data into marketing data.
interfaces as easy to integrate, configure and rebrand as a • Enable straight-through processing for invoices with
fully white-labeled solution for partners and clients. typical speeds of five seconds.

"Photon's instant payments APIs remove the headaches as- • Complement cards with real-time APIs for travel and
sociated with accounts payable by allowing businesses and entertainment spend management.
individuals to schedule their payments down to the min- • Instantly create stablecoin and cryptocurrency digi-
ute with a click of a button," she said. "With our solutions, tal wallets, KYC/KYB accounts, link bank accounts,
companies can reconcile and make payments in real time facilitate A2A instant payment transfers, and provide
without manual processes or human intervention. We can same-day ACH payments.
convert any payment instruction or document into an elec-
tronic format, working with all types of ERPs and account- • Enable one-click bill pay, wires, and remittances.
ing software." Accelerating B2B collaboration
Instant ISO 20022 compliance Murphy pointed out the key benefit of using Photon Com-

Murphy went on to say that Photon Commerce enables fi- merce's solution is accelerating B2B collaboration, pay-
nancial institutions and technology platforms to be instant- ments and invoicing, through reducing manual processes,
ly ISO 20022 compliant by leveraging artificial intelligence, improving cash flow, and providing instant payments with
machine learning and RPA. line-item level reconciliation across AP and AR functions.
Photon clients and partners include leading fintech com-
Photon also hosts payments and invoice access points in panies; banks; neobanks; card issuers; travel and expense
support of the FedNow Service, she noted, which applies management platforms; ecommerce platforms; B2B ecom-
automatic data schema standardization, validation, in- merce; B2B buy now, pay later financing companies; logis-
teroperability, and feedback. In addition, she mentioned tics; freight factoring; and core payments processors, Mur-
that Photon Commerce works with SWIFT and European phy noted. "Faster payments and Real-Time Payments pro-
and international organizations to achieve global interop- vide ISOs a fundamentally new payments rail and revenue
erability of data standards, creating an ISO 20022 global channel," Murphy said. "Companies can provide instant
standard for payments, invoices, remittances and trade disbursements and payouts, charging additional fees for
data. superior customer experiences. Platforms, lenders, funders,
and financiers can provide financing within seconds in-
Full-featured API solutions stead of days. Moreover, payments and cash flow can be
controlled with second-level precision."
Photon's API solutions facilitate account-to-account, B2C
and B2B instant payments, Murphy stated, adding that they Company: Photon Commerce
also automate invoice and remittance processing to stream- Product: Instant Payments APIs
line accounts payable and accounts receivable. These ISO
20022 compliant APIs are interoperable between The Clear- Website: www.photoncommerce.com
ing House Real-Time Payments and the FedNow instant Contact: angela@photoncommerce.com
payments services, she added. Organizations can leverage
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