AOC Solutions, a provider of commercial payments technology, has introduced a new virtual payments processing platform, dubbed Transact Global.
The company claims that the platform is specifically designed to solve the payment needs in the B2B card payments marketplace, specifically those of multinational middle- and large-market firms.
The platform will provide increased control, reduced risk and more frequent processing, offering benefits to issuers that will include a reduced cost per transaction, AOC Solutions added.
AOC Solutions CEO Tre Cage said: "Transact Global is designed to meet a growing market need for more efficient, more effective and less costly methods for virtual payment processing.
"Issuing banks that adopt this technology will gain a significant financial and product edge over other processing platforms currently available in the marketplace."