Financial Institution Benefits
Card Issuers, Acquirers and Schemes can all benefit from supplier onboarding campaigns run by Kaboodl
Issuing Bank
Card issuers dedicate time and resource to providing buying organisations with commercial cards such as P Cards and Virtual Cards. Unfortunately despite the demand for such services, payments are often not captured on card due to a lack of supplier acceptance.
Kaboodl’s algorithm can be used to identify where to focus efforts in pursuit of supplier acceptance. Issuers are then able to offer their clients bespoke supplier outreach campaigns that drive volume on commercial cards.
Acquiring Bank
Card acquirers, in truth, do not currently have much of a focus on facilitating B2B transactions. There are many acquirers that are equipped to process commercial card payments but finding suppliers with a need to accept requires specific expertise, knowledge and data.
Kaboodl are well placed to identify businesses with a need to accept card and work with a panel of partner acquirers to enable them with the most relevant solution. If you are an acquirer and want to work with us please get in touch.
Card Scheme
Despite the proven, quantifiable benefits to all parties, card payments are outweighed by other products for B2B transactions in Europe. Kaboodl is well placed to support card schemes on strategic projects and initiatives aimed at driving B2B volume to card.
Other Institutions
The Kaboodl algorithm and onboarding service is applicable to many other institutions including working capital and software providers. If you would like to leverage Kaboodl’s offering please get in touch.