Barclaycard has teamed with UK Software-as-a-Service (SaaS) accounting firm KashFlow to pilot an e-invoicing service for merchants.
According to TechCrunch Europe, Barclaycard is running a trial with 100 merchant customers to test the KasFlow-based system for creating, sending and managing invoices through a Web browser.
Participants can also track late transactions and receive payments via the Barclaycard gateway, for which the firm charges a three per cent fee.
The card outfit is waiving the £15.99 as month fee KashFlow normally charges for the pilot, which TechCrunch says could run for up to 12 months ahead of a full scale roll out.
Barclaycard has confirmed to Finextra that it is running the trial but is not providing any further details at this stage.
Barclaycard partners with KashFlow to pilot e-invoicing service - TechCrunch
c.£70-100K base, commission + equityLondon, UK
© Finextra Research 2015