Paygent partners with Commerce One Holdings in BtoB payment domain, providing platform for "One Credit. Card Payment" | Paygent

Paygent Co., Ltd. (Headquarters: Shibuya-ku, Tokyo; President: Junichi Suzuki; hereinafter "Paygent") has entered into a business partnership with Commerce One Holdings Inc. (Headquarters: Chiyoda-ku, Tokyo; Representative Director: Takaharu Okamoto; TSE Growth: 4496; hereinafter "Commerce One Holdings") and its group company, TradeSafe Inc. (Headquarters: Chiyoda-ku, Tokyo; Representative Director: Takaharu Okamoto; hereinafter "TradeSafe"), concerning invoice card payments (BIPS: Business Invoice Payment Service).

Background and Objectives

In many business-to-business transactions, traditional bank transfers based on invoices remain the primary payment method for back-office operations. However, this business practice creates manual workload for transfer procedures when unexpected purchases or expenses arise. The financial management burden, particularly for small and medium-sized enterprises (SMEs) concerning how to efficiently allocate limited working capital, is also significant. In response to these challenges, demand is rapidly increasing for a system (BIPS) that allows buyers to easily switch to credit card payments online, regardless of whether the seller supports card payments.

Furthermore, Commerce One Holdings and TradeSafe have been developing "One Credit.", a low-cost factoring service, leveraging real-time analysis of e-commerce sales and proprietary screening expertise. This service has supported the agile initiatives of e-commerce businesses by securing procurement funds for sudden orders and accelerating the monetization of accounts receivable in cross-border e-commerce.

To meet the urgent needs of e-commerce businesses seeking to "digitalize payment procedures" and "improve cash flow," they will now offer "One Credit. Card Payment" utilizing Paygent's invoice card payment platform, "BizPay."

Overview of "One Credit. Card Payment"

This service utilizes Paygent's highly reliable invoice card payment platform, "BizPay," as its system infrastructure. By using this service, the payment method for received invoices can be switched from bank transfer to payment by credit card, which the payer already possesses.

- Smooths Cash Flow By changing payments to card settlements, funds only need to be prepared by the credit card's account withdrawal due date, effectively extending the payment deadline (up to 60 days*). As a result, planned fund management becomes possible with ample cash flow without reducing available funds.

- Streamlines Transfer Operations and Prevents Errors Consolidating multiple bank transfer procedures into credit card payments, which can be managed and completed online in a centralized manner, significantly contributes to the DX (operational efficiency) of accounting tasks by reducing the time spent on transfer operations and preventing errors in the back office.

- Maintains Trust with Business Partners The transfer name can be specified, and Paygent handles the transfer on behalf of the user, allowing for smooth payment adjustments without the business partner being aware of the details.

- Simplified Procedures and Cost Optimization Procedures are completed online, with no need for additional document submission or complex credit assessments. There are no fixed costs; only a service fee is incurred at the time of payment.

(* The duration depends on the closing and payment dates of the credit card used.)

About the Base Platform "BizPay"

"BizPay" is a highly reliable invoice card payment platform independently developed and operated by Paygent, and adopted by numerous companies. For the launch of "One Credit. Card Payment" in this partnership, Paygent's system infrastructure was selected for its ability to provide comprehensive, one-stop services from payment screen provision to system construction and operation. By leveraging this platform with its proven track record, an extremely secure and speedy payment environment can be provided to TradeSafe's customers.

Future Developments

Leveraging this partnership, both companies will strongly promote the spread and improved convenience of B2B payments among small and medium-sized businesses. Paygent will accelerate the adoption of a comfortable online payment environment that reduces the burden of traditional cumbersome transfer procedures and administrative tasks by strengthening the external deployment of its robust proprietary payment platform, "BizPay." This will provide flexible options for the diversifying needs for payment process efficiency and strongly support the back-office DX of rapidly growing e-commerce businesses and globally expanding companies from a payment perspective. Consequently, it will create an environment where each company can allocate its working capital more effectively to business investments and operating funds, contributing to sustainable business growth.

Company Overview

Company Name: Commerce One Holdings Inc.

Location: Ichigaya Square Building, 4-2-1 Kudan Kita, Chiyoda-ku, Tokyo

Representative Director: Takaharu Okamoto

Date of Establishment: August 1, 2006

URL: https://www.cm-one.jp/

Business Activities: Management of group companies engaged in e-commerce platform business, e-commerce support service business, and related operations.

Company Name: TradeSafe Inc.

Location: 4-2-1 Kudan Kita, Chiyoda-ku, Tokyo

Representative Director: Takaharu Okamoto

Date of Establishment: August 1, 2006

URL: https://www.tradesafe.co.jp/

Business Activities: Provision of reliability authentication services for mail-order sites and consulting services to facilitate electronic commerce.

Company Name: Paygent Co., Ltd.

Location: Shibuya Prime Plaza, 19-1 Maruyamacho, Shibuya-ku, Tokyo

President: Junichi Suzuki

Date of Establishment: May 1, 2006

URL: https://www.paygent.co.jp/

Business Activities: Provision of payment processing services for e-commerce businesses, collection agency services related to electronic commerce, and payment代行 services.

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