Partnering with Financial lnstitutions

What can we do for your financial institution's customers?

Using our technology and expert consultation, you can deliver:

Automatation

Help your customers transition their accounts payable from a cost center to a cash flow generator through interchange revenue share on converted AP supplier spend.

Revenue Creation

Kaped One, commercial payments platform, streamlines the integrated payables process by providing a comprehensive, end-to-end solution that automates and produces rebates and incentives from interchange and processing fees that are shared with your organization.

Treasury Value

Expand your customer relationships
by providing them with:

  • A single, integrated solution that supports all payment types across all suppliers.

  • An analysis of their supplier payment acceptance and recommendation for optimizing their payment strategy.

  • Visibility into the performance of their spend through an interactive dashboard and reports.

What are the benefits of partnering with a fintech like Kaped One?

White Label with Flexible lntegration

Financial institutions can white label Kaped One or integrate with our AP!s to augment existing capabilities and deliver these solutions to customers.

Ideal for Dual-brand lssuers

Kaped One is credit line brand and processor agnostic. We integrate with any processor, and issue a line of credit from any payment network BIN.

Protect Your Business Interests

We are not owned by a bank, so we can help protect against attrition or the loss of midsize treasury customers. Our financial institution partners maintain complete ownership of their customer relationships, including underwriting.

Do your customers rely primarily on checks to pay their suppliers?

In the U.S., businesses still pay over half of their invoices by check. The full cost of invoice processing and payment by check is $39, depending on an organization's internal processes.*

The more reliant an organization is on check payments, the greater the need to provide an integrated payables solution.

Every eliminated check represents significant cost savings and opportunity for cashback on your customers' supplier spend.

Checks are also costly to suppliers because they must wait for checks in the mail, pay for processing, and then wait again for the checks to clear.

*Sources: Association for Financial Professionals;
RMPG Research Corporation

How will Kaped One support our existing treasury services?

Kaped One offers the option to outsource ACH using our proprietary automated clearing house, ACH.COM. Kaped also offers check print and mail services.

Alternatively, we can provide a formatted NACHA file and check files so our financial institution partners can originate these payments for customers with seamless reconciliation through Kaped One.

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Types of Managed Services

Protect Your Business Interests

Customer value is achieved by automation, which streamlines payment processes and reduces human intervention. Additional value can be achieved through revenue creation in the form of rebates on transaction volume. lf your customer relies heavily on checks and has a $500M annual supplier spend file, they can realize a financial benefit of approximately $1M annually.

Will our customers need to change their ERP/accounting system or purchase special software?

Not at all! Your customers can use their existing ERP/accounting system to push a single PIF (payment instruction file) to Kaped One. There is no costly software or development required to utilize our payment platform.

How does Kaped support our customer's suppliers?

Kaped One Supplier Activation team has the expertise and extensive network to establish optimal payment methods and terms with your customers' suppliers.

We help suppliers achieve their goals for managing DSO through electronic payment acceptance, efficient payment reconciliation and lower transaction costs.

We partner with financial institutions to provide unique
(non-standard) interchange rate programs which help increase suppliers' commercial credit line acceptance.

What is the typical turnaround time for implementation and full use?

Onboarding of a new financial institution can be completed in as little as 4-6 weeks depending on the degree of customization and development.

At Kaped, we build out a plan that will allow us to minimize time by staging as many tasks concurrently as possible.

Once your white-labeled instance of Kaped One is available, the implementation time for each of your clients can be completed in a matter of days.

The Kaped One Difference

While most payment solutions address only a portian of an organization's payment needs, Kaped One automatically integrates all supplier payments from a single payment instruction file. We optimize efficiency while maximizing discounts and cash-back benefits.

Credit Line

Buyer sends a payment file of approved invoices for suppliers that agree to accept this payment method. A single-use account number is passed to a supplier to process. The buyer receives a financial incentive via basis points on volume.

Kaped Direct

For this solution, the buyer approves an invoice and sends an email notification to the supplier providing the invoice number. The buyer asks the supplier to process the transaction using the Kaped line of credit number that has been securely provided (supplier keeps the number on file).

Kaped Dynamic Discounting

This solution is similar to an early pay discount. The cost is flexible and depends on the number of days the supplier is paid earlier than their standard payment terms. For example, the supplier may agree to a 1.50% discount in return for payment 30 days early. The discount is pro-rated if the early payment (in this example 30 days) is not met.

Kaped ACH (*)

Supplier agrees to a flat
basis point (BP) discount with no commitment of early payment. The flat discount rate is negotiated based upon the supplier value proposition.

Proxy Pay

A solution that enables electronic payments in industries that only accept phone or web payments.

Kaped ACH ($)

This option is targeted for financial 1, rent, and any other supplier verticals where there is a flat transaction fee.

Check Processing

Outsource manual check processing to Kaped.

Frequently asked questions

Learn More About Kaped One

What is the value for our customers?

Customer value is achieved by automation, which streamlines payment processes and reduces human intervention. Additional value can be achieved through revenue creation in the form of rebates on transaction volume. If your customer relies heavily on checks and hasa $500M annual supplier spend file, they can realize afinancial benefit of approximately $1M annually.

How does Kaped support ourcustomer’s suppliers?

Kapeds Supplier Activation team has the expertise and extensive network to establish optimal payment methods and terms with your customers’ suppliers.

We help suppliers achieve their goals for managing DSO through electronic payment acceptance, efficient paymentreconciliation and lower transaction costs.

We partner with financial institutions to provide unique (non-standard) interchange rate programs which help increase suppliers’ commercial credit line acceptance.

Will our customers need to changetheir ERP/accounting system orpurchase special software?

Not at all! Your customers can use their existingERP/accounting system to push a single PIF (payment instruction file) to Kaped. There is no costly software or development required to utilize our payment platform.

What is the typical turnaround time forimplementation and full use?

Onboarding of a new financial institution can be completedin as little as 4-6 weeks depending on the degree of customization and development.

At Kaped, we build out a plan that will allow us to minimizetime by staging as many tasks concurrently as possible.

Once your white-labeled instance of Kaped One is available, the implementation time for each of your clients can be completed in a matter of days.

Do your customers rely primarily onchecks to pay their suppliers?

In the U.S., businesses still pay over half of theirinvoices by check. The full cost of invoice processing and payment by check is $39, depending on an organization’s internal processes.*

Checks are also costly to suppliers because they must wait for checks in the mail, pay for processing, and then wait again for the checks to clear.

The more reliant an organization is on check payments, the greater the need to provide an integrated payables solution.

Every eliminated check represents significant cost savings and opportunity for cashback on your customers’supplier spend.

How will Kaped support our existing treasury services?

Alternatively, we can provide a formatted NACHA file and check files so our financial institution partners can originate these payments for customers with seamless reconciliation through Kaped.

Kapeds offers the option to outsource ACH using our proprietary automated clearing house, ACH.COM. Kapeds also offers check print and mail services.

What are the benefits of partnering with a fintech like Kaped?

White Label with Flexible Integration
Financial institutions can white label Kaped or integratewith our APIs to augment existing capabilities and deliver these solutions to customers.
Ideal for Dual-brand Issuers
Kaped is credit line brand and processor agnostic. We integrate with any processor, and issue lines of credit from any payment network BIN.
Protect Your Business Interests
We are not owned by a bank, so we can help protect against attrition or the loss of mid size treasury customers. Our financial institution partners maintain complete ownership of their customer relationships,including underwriting.

What can we do for your financial institution’s customers?

Automation— Maximize the automation of costly accounts payable (AP) processes and achieve significant efficiencies through the elimination of checks.

Revenue Creation—Help your customers transition their accounts payable from a cost center to a cash flow generator through interchange revenue share onconverted AP supplier spend.

Treasury Value—Expand your customer relationships by providing them with:

  • A single, integrated solution thatsupports all payment types across all suppliers.

  • An analysis of their supplier payment acceptance and recommendation for optimizing their payment strategy.

  • Visibility into the performance of their spend through an interactive dashboard and reports.

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