Israel's Melio to integrate payments platform with Capital One Business

The logo and ticker for Capital One are displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 21, 2018. REUTERS/Brendan McDermid

JERUSALEM, July 12 (Reuters) – Melio, an Israeli startup that offers payment tools for small businesses, said on Tuesday it entered into a strategic partnership to integrate its accounts payable platform with Capital One Business.

Terms of the deal were not disclosed but Melio said it was a multi-year strategic partnership.

The agreement will enable Capital One (COF.N) small business cardholders to pay their vendors with a card, even if they do not accept credit cards, directly from their Capital One Business account.

Last June, the two companies forged a strategic partnership to equip a segment of Capital One Business customers with increased access to accounts payable cash flow management tools for small…