MineralTree®

MineralTree® is an advanced invoice-to-pay solution designed to automate the end-to-end payment processes for business-to-business (B2B) transactions. This technology is specifically developed to assist financial institutions in providing their commercial clients with a seamless and integrated payment management system that connects directly with their existing back-office systems.

The primary goal of MineralTree® is to streamline the accounts payable and payment processes, reducing the reliance on manual and error-prone methods such as handwritten checks. By automating these processes, MineralTree® helps businesses improve accuracy, enhance efficiency, and reduce the time and cost associated with traditional payment methods. The system includes features such as automatic capture and approval workflows for invoices, direct integration with major accounting software platforms, and secure electronic payment capabilities that support a range of payment methods including ACH, credit cards, and commercial cards.

Furthermore, MineralTree® offers enhanced security features designed to mitigate the risk of fraud in payment transactions. This is increasingly important in the B2B context, where the volume and value of transactions can make them a target for fraud.

First Data, known for its comprehensive range of commercial payment solutions, includes offerings like MineralTree® to cater to the evolving needs of modern businesses, aiming to replace outdated payment practices with more efficient, secure, and integrated solutions. This aligns with broader industry trends towards digital transformation in financial operations, helping businesses to manage their payment processes more effectively and securely.