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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. By bringing together […] The post Transactions: Mastercard, JPMorgan team up on B2B efficiency appeared first on Bank Automation News. 21 Mastercard release.
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. Consumerized Experience .
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 goal is to quickly convert payments to cash.
Today in B2B payments, Barclays debuts a corporate trade finance platform, and Adobe introduces B2B data capabilities on its real-time Customer Data Platform. Adobe Introduces B2B Capability for Customer Data Platform. Adobe Introduces B2B Capability for Customer Data Platform. 24) announcement. “We 24) announcement.
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.
Singapore-based B2B FinTech firm MC Payment announced a new funding round, as well as global expansion, late last week. Reports Friday (Nov. MC Payment facilitates an array of transactions, including B2C and B2B, through its network of other FinTech service providers, like American Express, First Data and other top names.
Not every week can be a home run for B2B startups. Reports Tuesday (Nov. million will be Tim McCormick, a veteran of the B2B software space and SaaSOptics’s new CEO. Offering point-of-sale financing, Flexiti has secured new investment to the tune of $5 million , the firm revealed Wednesday (Nov. SME Finance.
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.
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.
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. Through Early Pay, buyer cash flow can be optimized by early payments funded by American Express or buyers.
Asia outpaced North America in funding volume for the FinTech world, and this week’s B2B venture capital roundup seems to reflect that, with several deals from VCs in the region. B2B Payments. million Series C funding round with plans to use that money for B2B payments solutions. Community Funded revealed Thursday (Nov.
Today In B2B payments, NeweggBusiness integrates business financing and payment terms via Behalf, while Deutsche Bank expands its cash management offering into Australia. Plus, GE shutters its staff audit program, and Park Place Payments partners up for small business B2B payments. Newegg Chooses Behalf For Flexible Business Financing.
Chinese conglomerate Tencent is the latest to step into the blockchain trade finance space via its FinTech unit Tencent Financial Technology, according to reports in China Daily on Friday (Nov. Its focus on trade finance and SMB services marks Tencent’s recent restructuring and refocus on B2B operations. B2B is not in our blood.
We’re covering two weeks’ worth of B2B venture capital funding, and across the board, India has come out on top. It’s certainly not the largest funding round the B2B FinTech industry has seen. B2B eCommerce. led a $10 million funding round for B2B digital marketplace Udaan, reports said last week.
Patent and Trademark Office (USPTO) for PayString, which will likely be a new offering, according to a report in CoinDesk on Friday (Nov. Ripple partnered with Currencycloud in July to facilitate global B2B payments and money transfers. In turn, Ripple can tap Currencycloud’s B2B cross-border payments expertise.
According to The Business Times on Tuesday (Nov. In announcing the investment, Deskera also revealed the rollout of its new B2B eCommerce platform Desk, which “gives [SMBs] the ability to buy, sell and transact online,” according to Chief Executive Officer Shashank Dixit. Deskera said it plans to expand into 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.
Nordstrom is broadening the scope of its B2B gift card operations by teaming up with prepaid card company CashStar. In an announcement Tuesday (Nov. Using CashStar Business, Nordstrom is now offering Gift Cards for Business, a program that helps its business partners order Nordstrom gift cards and manage accounts.
Today in B2B payments, HSBC collaborates with a FinTech to fast-track small business credit approvals. stimulus bill remains uncertain, Salesforce launches Revenue Cloud and Progress Bank partners up for B2B receipt management. Salesforce Rolls Out Revenue Cloud to Simplify B2B Functions. Plus, the state of an impending U.S.
KashFlow by IRIS Software Group will work with Yapily , an enterprise connection platform, to help enable real-time insights into cash flow and allow a frictionless end-to-end bookkeeping service, according to a Wednesday (Nov. 25) media release.
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.
Visa, the payments company, announced Wednesday (Nov. In a press release, Visa said it will test bank-to-bank transactions with more partners as it prepares for a commercial launch of Visa B2B Connect , which will give banks a fast, secure way to process cross-border B2B payments.
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. Through Early Pay, buyer cash flow can be optimized by early payments funded by American Express or buyers.
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.
A Russian cybercriminal was sentenced to eight years in prison for his role in a sophisticated Botnet conspiracy that caused estimated losses totaling more than $100 million, according to a Department of Justice (DOJ) statement on Tuesday (Nov. Zachary Terwilliger for the Eastern District of Virginia. .
Western Union and FLEETCOR are nearing an agreement to sell WU’s business payments operations to the fleet payments firm, according to reports in PE Hub on Wednesday (Nov. Citing three unnamed sources, reports said Citi is advising on the deal, which could fetch $600 million for the B2B payments operations.
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.
that is especially struggling with late B2B payments. Research published Monday (Nov. SMEs in the construction industry are facing a slew of other financial hurdles that compound on top of the ongoing issue of late B2B payments, Bibby Financial Services found. Other Challenges Ahead. “For some, it will help the U.K.
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 automate B2B transactions for companies.
KPMG is rolling out a new payments security solution targeting B2B payments fraud, the company said Thursday (Nov. A press release said KPMG is collaborating with cybersecurity provider nsKnox to roll out its KPMG Secure Payments tool, distributed and serviced by KPMG Israel.
This helps them expand business-to-business (B2B) partnerships and generate steady revenues from financial service fees. Venture debt activity – India, Source: Silent Bloom: VDs Rising Influence, Lighthouse Canton, Nov 2024 Despite this growth, Indias VD market remains in an early stage compared to more mature markets.
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.
B2B FinTech startups on this week’s list. But never fear: Europe and Asia pulled through with several rounds landing at alternative lending, eInvoicing and B2B eCommerce players. million in funding announced last Friday (Nov. On Thursday (Nov. B2B eCommerce & Logistics. The company said Monday (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.
The connection lets Concur Invoice clients make bill payments more efficiently by providing digital payment choices to vendors through the AvidPay Network, with the inclusion of AvidPay Direct and virtual card, according to a Tuesday (Nov. 10) announcement.
The company said Tuesday (Nov. Linked2pay pointed to B2B payments as a particular area that could see positive disruption from faster payments initiatives. The integration, linked2pay said, aims to enable ACH and card payments for merchants that need both B2B and B2C payments solutions.
Reports Thursday (Nov. “Merchants in India receive payments on foreign B2B invoices around 63 days after invoicing on average,” the report said. ” Let’s Talk Payments also highlighted India as one of the fastest-growing markets for B2B payments.
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.
However, with cloud storage and computing a requirement for many businesses, with the surge of Software-as-a-Service (SaaS) and with B2C services like Amazon Prime embracing the B2B opportunity, recurring B2B electronic payments are an increasingly complex challenge for these service providers and the businesses paying them.
Today in B2B payments, Virgin Money has tapped a FinTech partner as it prepares the rollout of its business banking offering, while Iceland debuts its instant payments network. Schmidt, whose net worth is $20 billion, according to the Bloomberg Billionaire Index, put an undisclosed amount into the fund, which was announced Monday (Nov.
Today in B2B payments, corporate acquirers get creative with technology in a pandemic world, while BBVA upgrades its expense management offering. The new offering is designed to assist business customers in streamlining and optimizing costs paid through the bank’s commercial cards, according to a Monday (Nov. 23) announcement.
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.
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