Papaya and Applied Innovation Partnered to Allow Payment for ARM

Papaya and Applied Innovation Partnered to Allow Payment for ARM
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Papaya employs proprietary computer vision technology to make bill payments easy for its customers partnered with Applied Innovation. Papaya is a new-age bill payment platform whereas Applied Innovation is engaged in software development. Applied offers a wide range of solutions to the Accounts Receivable Management (ARM) industry for automating the workflow of the organizations.

Patrick Kann, CEO and Co-Founder, Papaya, said, “At Papaya, our mission is to alleviate the stress of paying bills for American families. We are thrilled to extend Papaya’s bill payment solutions to Applied Innovation and its business customers, and to expand the number of Americans that can now pay their bills with our simple and frictionless experience.”

With this alliance, Papaya’s proprietary “bill understanding technology” will be integrated into the payment portals of customers of Applied Innovation, enabling customers to make payments in real-time by scanning a bill with their smartphones.

Harry Strausser, President of Applied Innovation, added, “Partnering with Papaya is a tremendous opportunity to streamline the accounts receivable management process. The ARM industry has been historically slow to innovate, but we strongly believe alternative payment methods like Papaya are the next step for improving the experience of our business customers, as well as everyday consumers.”

Customers can access consumer-friendly solutions of Papaya via the express features installed in the business customer payments portal of Applied Innovation. Papaya has aligned with many consumers of Applied Innovation comprising PFC.

Derrik Garhart, Senior Director of Recovery, PFC, commented, “Adding Papaya to our payments portal has given our consumers a simple and fast way to pay their bills. At first, I wasn’t sure what consumers would think of newer technology like this, but the response has been overwhelmingly positive, and Papaya is currently used for 50% of all our website payments. It’s always great to offer consumers newer technology, especially more self-service options, and Papaya does just that.”

Read: U.S. Bank and Apex Fintech Collaborated for Real-Time Payments

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