A new offering from CashFlows is allowing UK businesses to make, receive and manage electronic payments from a single account. The company says that CashFlows Account marks an unprecedented shift in the way that businesses can manage all their electronic payments.

Previously, businesses have had to wait for customer payments to move from their merchant account into their business bank account, creating a delay in the access to their money. The CashFlows Account gives companies a single account into which payments are received and accessed directly. It offers use of a full range of payment channels including online, mobile, mail and telephone orders, voice pay and e-invoicing; a business card which allows businesses to pay suppliers, purchase goods direct from their account and issue them to staff for payroll use; a range of other services including foreign exchange and an online management system enabling real-time understanding of cash flow.

Nick Ogden, Chairman and CEO, CashFlows, says: “Being able to access your money whenever you need it is vital for businesses. CashFlows Account is the new generation of business account which will make it quicker, cheaper and more straightforward for businesses to make, manage and receive their electronic payments. Mobile and online technology is evolving at an incredible pace, and so is the way that consumers are paying for goods and services. Businesses are constantly innovating to meet consumer demand, but if the way they manage their payments is slowing them down it takes their focus away from doing business. We’re committed to payments innovation to help businesses manage their payments and transactions in a way that hasn’t been possible before, so they can flourish and grow. Further services are already planned to be added to the account during 2012.”

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