ConnexPay, a unified payments platform, has launched Payment Valet, a comprehensive managed services solution designed to streamline B2B payment delivery, payee network management, and supplier support services.
The new solution addresses a persistent challenge in B2B payments: while platforms have evolved in payment acceptance and processing, the final stage of payment delivery often remains fragmented, manual, and burdensome. Payment Valet aims to transform this complexity into a managed service, encompassing everything from payee preference management to check printing and delivery.
Ben Peters, CEO of ConnexPay, stated, “We kept hearing the same story: great software, growing business, payment processing that couldn’t keep pace. We’re the payments experts that you don’t have to become. Payment Valet is built from the ground up, making reliability and leading-edge technology a front and center differentiator.”
Payment Valet offers four core capabilities to optimize payment delivery. Payee Network Management maintains up-to-date payment preferences across a client’s supplier or recipient base, aiming to reduce failed payments and manual data maintenance. Payment Delivery Fulfillment routes each payment through the recipient’s chosen method, including virtual card, ACH, or paper check, with automated printing and physical delivery when necessary. Payment Preference Management allows payees to self-service their preferred payment methods via white-labeled portals, reducing administrative tasks for clients. Finally, Payee Care provides dedicated support for payment recipients, with ConnexPay’s team handling status inquiries and payment investigations on behalf of clients under their brand.
The solution targets three primary markets where payment delivery complexity creates significant operational challenges. Vertical SaaS platforms serving specialized industries such as construction, field services, property management, and hospitality can integrate complete payment capabilities without developing payment infrastructure. Fintech platforms can leverage Payment Valet to gain payout capabilities that complement their existing solutions, potentially creating partnership, referral, or white-label opportunities. Furthermore, organizations like insurance brokers and claims management companies can benefit from compliance-ready payment delivery, complete with audit trails and the operational capacity for high-volume disbursements.
ConnexPay is a payment platform that connects customer PayIns to supplier PayOuts in real-time, designed to eliminate working capital constraints for its clients. The company issues over $10 billion annually through solutions ranging from self-managed virtual card programs to fully managed payment orchestration. Its patented Intelligent PayOuts technology is designed to optimize payment economics, while the unified platform aims to reduce operational complexity for clients, including insurance providers, vertical SaaS platforms, and other businesses managing intricate payment flows.
