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Mastercard’s Multi-Token Network team and JPMorgan’s Kinexys Digital Payments are working together to improve commercial transaction efficiency, according to a Nov. 21 Mastercard release.
New Jersey-based invoice-to-cash platform Billtrust has upgraded the machine learning (ML) capabilities of its business-to-business (B2B) cash application software, the company announced Wednesday (Nov. The Billtrust cash application has a “predictive, automated matching engine” with almost 100 percent accuracy. .
Visa and Conferma Pay said Monday (Nov. 23) that they have entered a strategic partnership to launch Visa Commercial Pay, billed as a suite of B2B payment solutions for enterprises making the shift to digital transactions, and, specifically, virtual cards — and away from paper-based manual processes. Three Components .
Global payments startup Veem is launching a new business-to-business (B2B) tool to simplify and automate domestic payments, the company announced in a Wednesday (Nov. 18) press release.
Today in B2B, Bloomberg broadens its credit risk data pool, and two ERP solutions secure B2B payments integrations. Plus, Everlink strikes a partnership for real-time B2B payments. Everlink, FINTAINIUM Team Up To Offer Real-Time B2B, B2C Payments. Palette Software Integrates With Aptean ERP For B2B AP Automation.
Today in B2B payments, Wells Fargo rolls out its virtual card services for B2B payments, while PayPal Ventures makes a B2B payments investment. The financial services giant on Thursday (Nov. The San Francisco-based company said in a Thursday (Nov. American Big Tech companies will have a virtual sit-down on Nov.
American Express has enhanced its Early Pay system with digital payment features aimed at giving large businesses greater control over their ability to make and receive B2B payments, the company announced Monday (Nov. American Express said a study showed that early payment and payment automation could allow buyers to realize nearly $8.84
Not every week can be a home run for B2B startups. SaaSOptics provides automated accounting solutions tailored to companies that offer their services on a recurring basis, and investors have just provided the company with $1.8 Reports Tuesday (Nov. Reports Tuesday (Nov. Find out who secured how much below. SME Finance.
In a week of multiple nine-figure venture capital funding rounds, B2B FinTech has proved it plans to end the year on a high note. Below, PYMNTS breaks down the more than $912 million raised by B2B FinTech firms this week. Automation Anywhere. The investment now values Automation Anywhere at $2.6
Today in B2B payments, American Express enhances its early B2B payment solution, and payroll provider Paylocity strikes an acquisition deal. American Express Enhances Early Pay To Ease B2B Supply Chain Payments. BlackLine , which provides account automation software, launched new products on Monday (Nov.
Palette Software has connected its accounts payable (AP) automation cloud technology with Aptean ERP , according to a Monday (Nov. To automate AP workflows, Palette's AP Automation for Aptean harnesses robotic process automation (RPA). 2) announcement.
Today in B2B payments: Visa collaborates to open up small business banking data, while Mastercard drives commercial card adoption across the MEA region. Plus, American Express eyes social media shoutouts for small firms, Veem launches a domestic B2B payments tool and Billtrust embraces machine learning. 18) press release. SMB economy.
We’re covering two weeks’ worth of B2B venture capital funding, and across the board, India has come out on top. But the largest venture capital funding round went to an accounts payable automation firm in the U.S. But the largest venture capital funding round went to an accounts payable automation firm in the U.S.
Today in B2B payments: Visa collaborates to open up small business banking data, while Mastercard drives commercial card adoption across the MEA region. Plus, American Express eyes social media shoutouts for small firms, Veem launches a domestic B2B payments tool and Billtrust embraces machine learning. 18) press release. SMB economy.
Today in B2B Payments, commercial payments technology firm FLEETCOR reveals $1 billion plans for M&A activity. Repay Holdings said on Tuesday (Nov. 3) that it has completed its multimillion-dollar acquisition of CPS Payment Services , a B2B payments and accounts payable (AP) automation technology provider.
Accounts payable (AP) and payment automation provider AvidXchange has rolled out a connection with Concur® Invoice for vendor payments. 10) announcement. In addition, they get support from the AP company’s 400-person supplier services workforce to take care of payment questions and keep track of vendors' payment preferences.
American Express has enhanced its Early Pay system with digital payment features aimed at giving large businesses greater control over their ability to make and receive B2B payments, the company announced Monday (Nov. American Express said a study showed that early payment and payment automation could allow buyers to realize nearly $8.84
Digital invoicing and procure-to-pay technology provider Basware rolled out a new “Spend Insights” dashboard and a new feature to allow for payment performance analysis as two enhancements to its Analytics offering, according to a Tuesday (Nov. 17) announcement.
A 2023 white paper by Mastercard, titled “Embracing a virtual future of B2B travel payments”, explores these transformations and their impact on the sector. A 2023 infographic produced by Up in the Air, a travel payment consultancy from the Netherlands, depicts a dynamic and diversified B2B travel payment landscape.
BlackLine , which provides account automation software, launched new products on Monday (Nov. In October, PYMNTS reported that BlackLine acquired Rimilia , which works in account automation, to help boost the modernization of accounting. 16) to continue helping modernize cloud operations, according to a press release.
FastSpring , a full-service eCommerce solution for software-as-a-service (SaaS) companies, is acquiring SalesRight, a Canadian SaaS startup that offers tools for business-to-business (B2B) sales teams. David Nachman, chief executive officer of FastSpring , said in a statement on Thursday (Nov.
company that operates an API-driven payments platform for corporate payments, announced news on Wednesday (Nov. 15) that it has integrated with the nation’s Faster Payments system to accelerate B2B payments. The company said it has deployed a payments SLA and integrated with Faster Payments to automateB2B transactions for companies.
Cambridge Global Payments , a FLEETCOR firm, and Beanworks Solutions are continuing their collaboration to bring together solutions and offer a full accounts payable (AP) offering to clients, which can streamline their payable workflow spanning between buying and payment for firms that have international business, according to a Tuesday (Nov.
American Express has struck a new partnership in its latest B2B payments push, announcing a collaboration with commercial payments firm WEX to support corporate use of virtual cards in accounts payable. In an announcement on Monday (Nov.
KPMG is rolling out a new payments security solution targeting B2B payments fraud, the company said Thursday (Nov. Secure Payments also integrates automated Know Your Supplier verification processes and is connected to KPMG’s Global Payee Repository to verify vendors and their account information.
Citi is streamlining the cross-border collections process for its corporate treasury clients, the financial institution said Wednesday (Nov. In an announcement , Citi revealed the launch of its Citi Global Connect platform, enabling corporates to accept B2B payments across borders with integrated FX capabilities.
The company said Tuesday (Nov. Linked2pay pointed to B2B payments as a particular area that could see positive disruption from faster payments initiatives. . ” Linked2pay’s latest feature follows the addition of streamlined onboarding and automated merchant approval services within its Bank Centric Payments platform.
Repay Holdings said on Tuesday (Nov. 3) that it has completed its multimillion-dollar acquisition of CPS Payment Services , a B2B payments and accounts payable (AP) automation technology provider. Repay’s offerings include credit and debt, as well as automated clearing house processing and instant funding. “We
Fast-growing payments automation firm Transcard is rolling out an account-to-account (A2A) solution that it says will boost the speed and efficiency with which buyers and sellers are able to exchange money and data, while reducing risk as well. 16) press release issued by the Chattanooga, Tenn. based company.
Morgan’s Single-Use Card Accounts (SUA) to offer automated commercial card payments, Boost said in a press release on Wednesday (Nov. The strategic collaboration aims to improve cash flow and automate the exchange of remittance data while improving operational efficiency for both buyers and suppliers.
Morgan’s Single-Use Card Accounts (SUA) to offer automated commercial card payments, Boost said in a press release on Wednesday (Nov. The strategic collaboration aims to improve cash flow and automate the exchange of remittance data while improving operational efficiency for both buyers and suppliers.
NACHA – The Electronic Payments Association – announced Thursday (Nov. 1) that automated clearing house (ACH) payments totaled more than 5.6 In a press release , NACHA said the performance was driven, in part, by business-to-business (B2B) and online payments. billion in the third quarter of 2018, a 6.7 billion, which is a 3.7
Kodak Services for Business is introducing a new accounts payable solution, the result of a collaboration with business process automation software firm CoreIntegrator. The companies announced on Tuesday (Nov. “Companies can be operational in days, not weeks or months like with most AP automation solutions,” he said.
The company announced news on Thursday (Nov. Traditionally, non-PO invoices are automated with business rules that are laborious for customers to manage,” explained Basware VP of Purchase-to-Pay Product Management, Sami Peltonen, in a statement. “The
Electronic invoicing and source-to-pay company Basware has introduced new features into its Marketplace eProcurement offering, the company said on Tuesday (Nov. ” Basware first integrated B2B payments capabilities into its platform last year to streamline the invoice-to-pay process.
Reports Thursday (Nov. To be dubbed MRI AP Automation, the new solution can automate and digitize the accounts payable process for MRI clients across Canada, South America, EMEA, Asia and New Zealand. Accounting teams in real estate firms can use the tool to automate procurement.
In a press release on Tuesday (Nov. The partnership will allow WEX to connect its corporate customers to Billtrust’s B2B payments services, which addresses friction for both corporate payers and the suppliers accepting payments. 19), Billtrust said WEX is joining its Business Payments Network (BPN).
The answer is no, according to a Thursday (Nov. It’s unclear how this focus on more mature tech startups will impact investment in the B2B FinTech market, but as the latest VC roundup below shows, late-stage funding does indeed seem to be a focal point, with Series C, D, and even H rounds. 14) Financial Times report. Freshworks.
Accounts payable (AP) automation company Tipalti is getting closer to the accounts receivable (AR) side of B2B transactions with a new partnership. The company announced Tuesday (Nov. 19) that it is collaborating with AR automation software provider YayPay.
In a press release on Thursday (Nov. When invoices are received and added to the MYOB accounting platform, users can hit a “Pay Now” button that automates payment of the invoice with securely stored credit or debit card information. For payroll, MYOB users add their employee bank account data to the platform.
million, reports said Thursday (Nov. Earlier this year, Proactis released a new report on eProcurement technology and spend management and concluded that there are several areas of the procure-to-pay process experiencing a high level of automation — most notably, spend analysis, invoice receipt and processing and purchase-to-pay.
Business travel and expense (T&E) management firm Concur is integrating its latest service with China’s WeChat, the company said in an announcement on Sunday (Nov. Users can transfer their eFapiaos that are sent by merchants via WeChat into the Concur Expense platform for automated, streamlined data entry.
A press release issued Thursday (Nov. Companies using the Tradeshift platform will gain access to Wax Digital services via web3, which connects users to product sourcing, contract lifecycle management, supplier proposal and contract negotiation services, with a focus on supplier management and automation.
The latest research in B2B payment practices within the construction sector isn’t good: Two-thirds of small- and medium-sized businesses (SMBs) surveyed by the U.K. In an announcement made on Tuesday (Nov. Integrating with Nvoicepay will simplify the payment process to a single click.
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