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Autobooks accounting/receivables platform purchases allied payment network to support both the payable and receivable sides of the money movement equation

May 8, 2025 //  by Finnovate

Accounting/receivables platform Autobooks has acquired consumer bill pay solutions provider Allied Payment Network. The deal  is designed to add business bill pay capabilities to Autobooks platform, which in turn lets financial institutions offer small businesses a solution for things like accepting payments, paying vendors and accessing working capital. “Financial institutions want to deliver more value to their business customers — and they want to do it within the banking experience. By acquiring Allied Payments, we’re bringing together receivables, payables and accounting in a way that’s never been done before,” Steve Robert, CEO of Autobooks, said. By integrating Allied Payments’ bill pay infrastructure financial institutions can now support both the payable and receivable sides of the money movement equation, while offering businesses built-in accounting and cash flow tools.

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Category: Mobile & Social Commerce, Innovation Topics

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