MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Traxpay has been named as a finalist for a 2014 PYMNTS Innovator Award in the category of Best B2B Payments Innovation. Traxpay is being recognized for innovation that introduces a new breed of B2B payments in the cloud that uniquely combines electronic B2B payments with rich enterprise data and an dynamic workflow engine that can adapt to ever-changing business events and triggers in real-time. Traxpay brings a new level of visibility and control to commercial payments—enables safe, instant payment execution and reconciliation around the clock, in real-time, and from anywhere at a fraction of the cost of legacy providers.
This is the third year for this competition, which has seen an exponential increase in participants, and has a submissions, selection and voting process unmatched in intellectual rigor and competitive energy. Judges this year included Janet Estep, NACHA; David Evans, Global Economics Group; Matt Harris, Bain Capital Ventures; Karl Mehta, Menlo Ventures; Hans Morris, General Atlantic; Paul Purcell, Continental Advisors; Dan Rosen, Commerce Ventures; Karen Webster, Market Platform Dynamics & PYMNTS.com and Matt Witheiler, Flybridge Capital Partners.
“We are honored to have been selected as a finalist for this, the industry’s most prestigious award – an acknowledgement of our determination to revolutionize the market for B2B payments.” said John Bruggeman, Traxpay’s CEO. “It is unacceptable in the digital age in which we live today that corporations are stuck with traditional, costly payments that are static, slow, and non-transparent – all critical factors that slows their ability to do business in a global climate.”
Voting will remain open thru February 27th at 12 noon EST. Winners will be announced the evening of March 20, 2014 during a live ceremony following the conclusion of The Innovation Project 2014, a two-day program hosted by PYMNTS.com that convenes the most elite innovators and executives to discuss the issues that impact every single player across every single facet of the rapidly changing payments and commerce ecosystem.
“The PYMNTS Innovators Awards is one of the most inspiring aspects of The Innovation Project,” says Karen Webster, CEO of Market Platform Dynamics and President of PYMNTS.com. “It puts innovation front and center and serves as a very visible reminder of the creative spirit and energy that will drive our massively dynamic payments and commerce ecosystem forward.”
The Innovation Project 2014 will be held on March 19-20 at Annenberg Hall on the campus of Harvard University.* This year’s theme: Rethink. Reset. Reinvent will address a variety of topics including the reinvention of retail, commerce, consumer experience, security, digital cash and global commerce.
For more information on Traxpay and its B2B Financial Transactions Platform visit www.traxpay.com. To see the list of other finalists and to vote, click here, and to request an invitation to participate as a delegate please visit theinnovationproject2014.com.
Traxpay provides the world’s first and only B2B financial transactions platform capable of executing payments and final settlement in real-time, anytime, anywhere, and with complete safety and security. Traxpay customers include digital marketplaces, corporations, and settlement networks who value the security, speed, and savings the platform, and its many features, provide. Traxpay solutions were built to address the needs of modern B2B commerce and accelerate business across the supply chain. The company is privately held and is headquartered in Mountain View, California, with operations in Frankfurt and Cologne, Germany.
About The Innovation Project
Over 2 days, 60+ speakers and 600 senior members of the payments industry will change the way that the payments and its broader commerce ecosystem thinks, talks, delivers and ignites innovation. On March 19th & 20th the greatest minds in commerce and payments will assemble at Annenberg Hall in Memorial Hall on the Campus of Harvard University* near Boston to kick the conversation about innovation up to an entirely different level at The Innovation Project. Speakers and delegates are among the most senior executives from literally every established payments company worldwide.
PYMNTS.com is reinventing the way in which companies in payments share relevant information about the initiatives that shape the future of commerce and make news. This powerful B2B platform is the #1 site for the payments industry by traffic and the premier source of information about “what’s next” in payments. C-suite and VP level executives read it daily for these insights, making the PYMNTS.com audience the most valuable in the industry. It provides an interactive platform for companies to demonstrate thought leadership, popularize products and, most importantly, capture the mindshare of global decision-makers. It’s where the best minds and best content meet on the web.
*Please note that The Innovation Project and PYMNTS.com are not affiliated with Harvard University, nor is the Innovation Project 2014 a Harvard University program or activity.