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Capital One has acquired BlueTarp Financial, Portland, Maine based provider of customized B2B credit management programs. BlueTarp offers suppliers credit management services that essentially offload the need for suppliers to manage receivables, similar to factoring services.
“BlueTarp delivers customized business-to-business credit management programs to merchants and small- to medium-sized companies. It allows for a seamless purchase-to-payment process featuring a combination of accounts receivable management tools, cash flow and risk protection, with optional collections and customer support. These programs will provide additional servicing capabilities and broader financial offerings for Capital One’s co-brand and private-label credit card partnerships clients.”
https://www.paymentsjournal.com/capital-one-acquires-bluetarp-financial/
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