Nexus: Issues virtual cards in association with WePay

March 21, 2021

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Nexus: Issues virtual cards in association with WePay

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Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

Nexus, a leader in AP automation and payments for the real estate industry pioneered a new payments solution in partnership with WePay
WePay the integrated payments business of JPMorgan Chase & Co. allow SMBs to accept payment through a virtual card
The newly developed payments solution, called NexusDirect powered by Chase, allows sole proprietors
The suppliers won’t to provide banking details to each customer as they do with ACH – or acquire a point-of-sale system
With the NexusDirect solution, the supplier receives a highly secure virtual card sent digitally to fund a single transaction
All the manual work to process the card done by Nexus and WePay for the supplier