CreditorWatch expands partnership with Payrix for more secure payment processing for Australian businesses
SYDNEY, 12 March 2025 – Leading commercial Credit reporting agency, CreditorWatch, has expanded its partnership with Payrix (from Worldpay for Platforms), a leader in embedded payment solutions, to provide a seamless and secure trade payment experience for Australian B2B businesses.
This expanded collaboration enables CreditorWatch customers to securely capture payment details during the credit application or account opening process.
Leveraging Payrix's payment gateway solution minimises the risk associated with storing sensitive payment information for businesses; while ensuring they have an effective way to receive payment for goods and services delivered.
Seamless, secure and compliant payment processing
Building on their existing relationship, CreditorWatch and Payrix have introduced a new integration to enable B2B businesses to set up payment arrangements upfront, minimising the risk of overdue invoices and non-payment of goods and services.
This solution enables businesses to securely collect and store payment details from applicants during onboarding, ensuring all necessary billing information is available when payments need to be processed.
By leveraging Payrix’s trusted, compliant infrastructure, businesses can minimise payment delays, risk of non-payment and data breaches.
Key benefits:
· Enable direct debit arrangement upfront: Capturing payment details for direct debit purposes at the outset ensures businesses can collect payment for goods or services delivered within agreed timeframes, minimising risk of not getting paid on time.
· Secure storage of payment information: Personal and sensitive payment data is secured and protected within Payrix’s gateway, minimising the risk of data breaches and ensuring compliance with Payment Card Industry (PCI)standards.
· Seamless ERP integration: As payment details are captured within Payrix’s gateway, businesses can integrate their ERP systems for automated invoicing and payment processing.
· Effortless workflow between Customer Onboarding and Collections tools: Businesses can now collect payment details when onboarding a customer, which will streamline the payment processing in accounts receivables and collections processes.
CreditorWatch CEO, Patrick Coghlan says, “By expanding our partnership with Payrix, we are addressing the critical challenge for businesses of securing payments in trade credit transactions. This integration ensures that businesses can onboard customers with greater confidence, streamline payment processing and reduce credit risk.”
Payrix by Worldpay for Platforms Head of Sales & Partnerships, Jason McClintock says, “CreditorWatch have been a long-term partner of ours, utilising payments within CreditorWatch Collect.
“At Payrix by Worldpay for Platforms, we love working with partners to bring their software platforms to life with payments, and we’re delighted to expand our partnership by incorporating their new product, ApplyEasy.”
This enhanced integration is available now for CreditorWatch customers using Customer Onboarding and Automated Collections solutions. For more information, visit www.creditorwatch.com.au.
ABOUT CREDITORWATCH
CreditorWatch is a leading data and technology company, offering accessible, user-friendly, and affordable credit risk management solutions. With a foundation built on data, we started as a Commercial Credit Bureau and now cover all commercial entities, including sole traders, trusts, and partnerships.
Leveraging our unrivalled data access, we support a comprehensive credit management ecosystem, equipping businesses with tools to enhance their credit risk management capabilities.
Choose CreditorWatch and harness the power of data for comprehensive credit risk management that drives business success.
Find out more at creditorwatch.com.au.
About Payrix by Worldpay for Platforms
Worldpay for Platforms is the embedded finance provider that software companies trust to deliver integrated and embedded payment and financial experiences to their customers. Expertly built for software companies and designed to evolve with their unique business and technology needs, the Worldpay for Platforms’ suite of solutions paired with partner success experts create winning strategies that fuel hypergrowth and loyalty.
