Capital One Business is partnering with accounts payable platform Melio to allow its small business cardholders to pay vendors and suppliers with a card directly from their accounts, even if they do not accept credit cards.

A recent survey found that more than one-third of small- and mid-sized business leaders are prioritizing investing in automated, real-time or fully integrated payables as a top priority in the next year, Rebecca Silver, vice president of small business card at Capital One, said in a release.

“At Capital One, we recognize the power that adoption of payments technology can generate for businesses,” Silver said.

The New York-based Melio, which raised a total of $504 million over five funding rounds, was founded in 2018 and also has partnerships with American Express, Visa, Discover and J.P. Morgan, according to its website.

EPCOR acquires COCHA

Nonprofit payments association Electronic Payments Core of Knowledge (EPCOR) announced it has acquired fraud alert services provider Central Oklahoma Clearing House Association (COCHA).

EPCOR is a nonprofit trade association that provides services to financial institutions (FIs) nationwide. The acquisition includes COCHA’s fraud alert and settlement services.

“If there is one thing constant in the payments industry it is the never-ending and increasingly ruthless onslaught of fraud attacks,” Susan Doyle, president and chief executive at EPCOR, said in a statement. “As cybercriminals continue to network together through the dark web, we must also collaborate to ward off their efforts.”

EPCOR works with more than 1,800 FIs and organizations to maintain compliance and reduce fraud risk.

Recognise Bank partners with TruNarrative to digitize onboarding

U.K.-based Recognise Bank has partnered with TruNarrative, a LexisNexis Risk Solutions company, to speed the onboarding of business customers by digitizing anti-money laundering (AML) and know-your-customer (KYC) processes that were previously carried out manually.

TruNarrative’s platform, RiskNarrative, is used by banks, lenders, e-commerce providers and payments services firms to onboard customers, detect fraud and identify risk via APIs.

“RiskNarrative helps our customer onboarding team streamline the decisioning process and acts as a single source of information for credit checks, anti-money laundering checks, and identity verification, alerting us to anything that falls outside of the set parameters so we can review the information,” Mo Fadaei, director of banking platforms and partnerships at the bank, said in a statement.

Recognise Bank is a digital bank that provides services to U.K.’s small- and medium-sized enterprises.

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