According to Citi, its Spring eCommerce and B2B digital payments services have been integrated with its Present and Pay electronic bill present platform.
The measure creates a solitary platform for the fusion of electronic bill presentation and digital payment acceptance, according to a press release.
The new solution enables Citi’s institutional clients to collect payments using a range of U.S. payment methods. It also provides “world-class digital billing capabilities through a single contracting structure” with Citi and a single technology integration, according to a news statement.
In related news, Citi said on Monday that it has expanded its ThankYou Rewards program’s Shop With Points partner network to include Walmart. It is the most recent in a line of business incentive alliances for owners of Citi ThankYou cards, according to a news release from Citi.
Shop With Points is now available to Citi cardholders at more than 4,700 Walmart stores, and points may be redeemed on purchases of groceries, toys, electronics, and other items costing at least $10.
As a qualified Shop With Points rewards partner, Walmart joins a number of significant eCommerce and retail companies, such as 1-800 Flowers, Shell, Best Buy, CVS, and PayPal.
Citi established a cash concentration capability earlier this month in an effort to fulfill the growing need for real-time treasury management. The capacity automatically transfers money seven days a week.
This institutional client service, known as 7-Day Sweeps, eliminates the need for these clients to physically transfer cash on the weekends and on holidays when automated sweeping is often not done.
