article thumbnail

Seller Platforms And Digital Marketplaces Define B2B Payments For 2021

PYMNTS

The B2B payments ecosystem experienced a sudden and dramatic acceleration of change upon the onset of the global pandemic, and its impacts reach far beyond the mere digitization of the B2B transaction. The Coexistence Of Rails. Often, that means the cooperation of multiple rails at once.

B2B 119
article thumbnail

SMB Loan Underwriting Prepares For Turbulent Times

PYMNTS

But after years of finding SMBs too unprofitable to finance, lenders have to play catch-up to develop better underwriting processes for greater accuracy and efficiency. This presents a gap in the market and an opportunity for FinTechs to fill it with automated underwriting technologies, like an automated small business credit score.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Resolve Shakes Up B2B POS Payments

PYMNTS

The idea started in the B2C world, but it wasn’t long before online sellers were asking about its use for B2B — at least, according to Chris Tsai, co-founder and CEO of Resolve , in a new PYMNTS interview. B2B Version. B2B, in some respects, is the stubborn mule of the digital economy. trillion by 2020.

B2B 91
article thumbnail

Investors Back B2B Startups With An Eye On SMB Finance

PYMNTS

Small business lending emerged as a common theme in this week’s B2B venture capital roundup, and it’s no surprise, considering the role small and medium-sized businesses (SMBs) play in supporting their local economies. Utility account aggregation company Urjanet secured $14.65 The firm notched $78.7

B2B 115
article thumbnail

Closing The B2B Trade Credit Gap With AI, Machine Learning

PYMNTS

So said that in a traditional screening process, SMEs “would send PDFs of bank statements or PDFs or their audited or unaudited financials, and banks [would] take weeks to underwrite. And the cost of underwriting a large borrower vs. a small SME was virtually the same.”. Information Asymmetry.

AI 120
article thumbnail

Today In B2B: ERPs Broaden B2B Payments Capabilities; Bloomberg Broadens Credit Risk Data Pool

PYMNTS

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.

article thumbnail

Paychex Launches Alternative Lending Product

Finovate

Paychex Funding Solutions supports B2B companies by providing capital based on customer creditworthiness to help them cover payroll, vendor payments, and growth needs. The solution is aimed to help B2B-focused companies meet payroll, pay vendors, and fuel growth. Applicants do not need to be a Paychex payroll client to qualify.

Product 59