News from the Wire

TreviPay an IDC MarketScape Leader

Wednesday, December 11, 2024 — 12:52:06 (EST)

OVERLAND PARK, Kan.--TreviPay, the most-trusted B2B payments and invoicing network, today announced it has been positioned as a Leader in the IDC MarketScape: Worldwide Embedded Payment Applications 2024–2025 Vendor Assessment1. TreviPay was one of 20 SaaS and cloud-enabled vendors evaluated for their embedded payment strategy and capabilities including scalability and customer experience, as well as strategic functionality and agility.

“The global embedded payments market continues to grow given the rising demand for frictionless checkout experiences,” said Jordan Steele, Research Manager, Worldwide Financial Applications Support at IDC. “TreviPay has demonstrated its depth in financial services and recognizes merchants’ need for easy integration, configurability and guaranteed DSO.”

The IDC MarketScape noted, “TreviPay's Universal Acceptance offering with Mastercard allows clients to offer net terms with little to no integration work, if they already accept credit card payments. Also, TreviPay offers different recourse options, which allow clients to determine how much risk they want to take on.”

The new Universal Acceptance solution provides a streamlined option for suppliers to offer trade credit to business customers, reducing upfront costs and credit approval barriers while accelerating suppliers’ speed to market. In this case, TreviPay’s innovative B2B payment technology authorizes, clears and settles net terms transactions over an open-loop network utilizing the Mastercard payment network.

“We believe being named a Leader in the IDC MarketScape for Embedded Payment Application validates our strategy and what we have done to build a differentiated solution for enterprise sellers and buyers,” said Allen Bonde, CMO at TreviPay. “With a global payments and invoicing offering, unmatched industry know-how and a range of managed services for each stage of the order-to-cash process, we are excited to enable more of the world's largest brands to grow their B2B business.”

TreviPay was also recently positioned as a Major Player in the IDC MarketScape: Worldwide Accounts Receivable Automation Applications for the Enterprise 2024 Vendor Assessment (Doc #US51740924, December 2024). This vendor assessment excerpt can be downloaded here. Noted is TreviPay’s investment in an expansive ecosystem which in addition to Mastercard includes partnerships with Allianz Trade, digital commerce visionary Spryker and leading banks.

To access an excerpt of the IDC MarketScape: Worldwide Embedded Payment Applications 2024–2025 Vendor Assessment, visit trevipay.com.

1 IDC, IDC MarketScape: Worldwide Embedded Payment Applications 2024–2025 Vendor Assessment, #US51793524, December 2024

About TreviPay

At TreviPay, we believe loyalty begins at the payment. By understanding the diverse and unique requirements of B2B sellers, TreviPay’s global B2B payments and invoicing network enables enterprises to provide payments choice and convenience, open new markets and automate accounts receivables. With more than four decades of experience, TreviPay serves leaders looking to build loyalty while driving efficiency and embracing new digital channels, especially in industries with large distribution networks such as manufacturing, retail and transportation. For more information, visit www.trevipay.com.

About IDC MarketScape

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

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Source: Company press release.