Bluevine, a Jersey City-based digital banking platform for U.S. small businesses, has announced the launch of several invoicing and payment features to help modernize how small businesses get paid.
Through their Bluevine account, users can create estimates that can be converted into invoices, add discounts to invoices and instantly send payments to other Bluevines users at no cost.
In addition to the invoicing features, Bluevine also launched numerous updates, including:
- Bluevine Pay: Bluevine users can instantly send and receive payments to other Bluevine users, or between their Bluevine accounts, at no cost.
- ACH positive pay for Bluevine Premier customers: Bluevine Premier customers can now review outgoing ACH payments to new payees before they are sent out to add an additional layer of security to users’ accounts. Users can also set custom rules and guidelines to streamline how and when they want to review payments.
- Multiple business management through single sign-on: Bluevine customers can manage multiple businesses through a single sign-on.
- Two-factor authentication via push notification: Bluevine app users can now authenticate via the app or via SMS without waiting for a text.
“Modern small business owners expect all aspects of financial management to be seamless and intuitive. These updates are all in service of that,” said Kyle Cooper, Bluevine’s SVP and GM of Checking and Payments.
“There’s no reason that day-to-day financial management should be a pain for small business owners, and we’re proud to make it easier for them here at Bluevine.
“We know that cash flow issues remain among the biggest challenges for small business owners — our most recent end-of-year survey of small business owners showed that 23% of them have cash flow issues.”
Since 2013, Bluevine has served more than 900,000 customers, delivered over $17 billion in loans and is currently trusted with over $1.8 billion in managed customer deposits.
