UK fintech disrupter Cashplus is empowering SME customers with the award-nominated Payments API (Application Programme Interface) product, which allows thousands of simultaneous payments to be processed instantly, potentially halving transaction fees to high street banks.
APIs act as messengers between Merit Software and Cashplus, allowing them to speak to one another in real time. The Cashplus Payment API means payroll, lending, accounting and recruitment firms and other suppliers to SMEs, particularly those who operate in the gig and sharing economy, can now make many thousands of automated payments instantly, replacing laborious and costly individual transactions.
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