B2B Payments
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ECB Officials Fear Banks Will Get Hit Hard By Pandemic Fallout
Friday 15th January - 1:33 pm
European Central Bank (ECB) officials are concerned that Euro-area banks will get hit hard in 2021 by fallout from the COVID-19 pandemic as weakened businesses slide into bankruptcy.
“The main issue ...Today In B2B: HSBC Launches Cash Flow Tech; TD Makes Equipment Finance Buy
Friday 15th January - 1:32 pm
Today in B2B payments, HSBC launches cash flow management tool, and TD Bank acquires equipment finance operations from Wells Fargo. Plus, AspireHR links with SAP Concur, EedenBull teams with NAB ...How The Pandemic Underscores The Digital-First Startup Strategy
Friday 15th January - 8:00 am
Each organization laid out its own path to reconcile with the sudden impacts of the pandemic earlier last year.
For larger firms, investment in digital-first solutions took on a new priority ...Embedded Finance Tops B2B Tech Funding For The Week
Friday 15th January - 8:00 am
Investors continue to fuel the growth of the B2B technology startup community with another busy week in funding. In total, investors placed nearly $600 million for firms in the B2B ...Integrated Platforms Arm CFOs With The Power To Optimize B2B Payments
Friday 15th January - 4:01 am
When the pandemic drove professionals to work from home, business leaders began accelerating their digitization roadmaps. Accounts payable (AP) and accounts receivable (AR) personnel could no longer be in the ...EedenBull Teams With NAB On SMB Spend Management
Thursday 14th January - 10:17 pm
EedenBull, which works with payment and spend technology, has a new agreement with National Australia Bank (NAB) in which the bank will let its small- to medium-sized business (SMB) users ...HSBC Unveils Cash Flow Management Tool As Pandemic Scrambles Balance Sheets
Thursday 14th January - 9:34 pm
As small businesses and other companies struggle with cash flow management amid the coronavirus pandemic, HSBC wants to help.
The Vancouver-based bank on Thursday (Jan. 14) rolled out a “Cash Flow ...AspireHR Teams With SAP Concur For T&E, Invoice Management
Thursday 14th January - 8:44 pm
AspireHR teamed with SAP Concur for a reselling and system connection collaboration to bring the latter company’s travel, expense and invoice management offerings to additional North American companies, according to ...TD To Buy Wells Fargo's Canadian Direct Equipment Finance Business
Thursday 14th January - 4:57 pm
The Toronto-Dominion Bank (TD) and Wells Fargo have unveiled a deal through which TD will buy the Canadian Direct Equipment Finance operation of Wells Fargo, which is “subject to certain closing ...NTT DATA Teams With Conferma Pay On Virtual Payments For Lodging
Thursday 14th January - 12:56 pm
NTT DATA Hong Kong Limited (NTT DATA) has teamed with Conferma Pay to bring digital payment communications to hotels, according to an announcement emailed to PYMNTS.
“Partnering with Conferma Pay is a ...Today In B2B: Citi Names New TTS Head; Rho Adds AP To Business Banking
Thursday 14th January - 12:05 pm
Today in B2B payments, Citi announces its news Treasury and Trade Solutions (TTS) head, while Rho lands new funding and adds accounts payable to its business banking technology. Plus, Medius ...RTP Picks Up Pace With Corporates, While CBDCs Raise Banker Doubts
Thursday 14th January - 8:00 am
The Clearing House’s real-time payments offering, the RTP® network, continues to gather steam with financial institutions (FIs), FinTechs and their business customers in this week’s Payment Rail Innovation roundup. Plus, ...The Diamond Industry Polishes Its B2B eCommerce Strategy
Thursday 14th January - 8:00 am
Like so many industries today, the diamond sector continues to struggle with supply chain digitization. The process of B2B procurement between diamond vendors and jewelry retailers is often stuck on ...Finance Teams Surmount The Barriers To Custom Automation
Thursday 14th January - 8:00 am
When it comes to the ever-persistent build-versus-buy debate, the “buy” decision is becoming a more obvious choice for many firms within their digitization journeys. That’s particularly true for smaller organizations ...Sweep Raises $1.2 Million For Finance Management Tools
Wednesday 13th January - 8:06 pm
Sweep, which works in expense and travel management for small- to medium-sized businesses (SMBs), announced Wednesday (Jan. 13) that it hit its 2020 funding target, with around 1 million euros ...Rho Technologies Raises $15 Million For AP Integration
Wednesday 13th January - 7:51 pm
Rho Technologies, the FinTech behind Rho Business Banking, has raised $15 million in a Series A round, according to a press release.
The round was led by M13 Ventures with participation ...Medius And Pagero Team On Digital Invoice Management
Wednesday 13th January - 5:17 pm
Expense management technology provider Medius and international eDocument service company Pagero have collaborated to help companies handle digital invoices. The new collaboration lets their joint customer base get and handle ...Business T&E Management Firm TravelPerk Buys NexTravel
Wednesday 13th January - 4:26 pm
International travel management company TravelPerk has unveiled its acquisition of California-based NexTravel to help with its continuing growth roadmap in the American market. The deal will encompass the latter company’s ...Today In B2B: Billtrust Makes NASDAQ Debut; Modern Treasury Raises $38 Million
Wednesday 13th January - 3:30 pm
Today in B2B payments, Billtrust makes its debut on the NASDAQ, while Modern Treasury raises funding for its accounts payable automation technology. Plus, Starbucks introduces small business funding support, Lightspeed ...Citi Taps Khaliq To Lead Treasury And Trade Solutions
Wednesday 13th January - 3:04 pm
Citi has named Shahmir Khaliq as its new head of Treasury and Trade Solutions (TTS), according to an internal memo from Paco Ybarra, global head of Citi’s Institutional Clients Group ...Why Annual Forecasting Has Gone 'Out The Window' For CFOs
Wednesday 13th January - 8:00 am
At the start of 2020, chief financial officers and their finance teams were going about business as normal, developing forecasts on a yearly or periodic basis. Forecasting has always been ...Corporate Cards Forge More Paths To SMB Adoption
Wednesday 13th January - 8:00 am
All eyes are on the small business community in the commercial card world as industry players increasingly explore how card products can help Main Street recovery and stay in business.
This ...How EDI Keeps The Invoice Data Flowing
Wednesday 13th January - 8:00 am
Data sharing with business partners, particularly suppliers, has evolved from a beneficial strategy that drives efficiency, to a vital way to keep business operations moving amid the pandemic.
When employees cannot ...Birmingham Bank Launches From Bira Bank To Serve SMBs
Tuesday 12th January - 9:10 pm
Birmingham Bank is launching in the U.K. to help serve small- to medium-sized businesses (SMBs), according to a report from BDaily.
The bank is being launched following the acquisition of Bira ...Billtrust To Make NASDAQ Debut, Trading As BTRS
Tuesday 12th January - 8:50 pm
Billtrust, which works in accounts receivable automation and integrated B2B payments, has completed a special purpose acquisition company (SPAC) merger with South Mountain Merger Corp., according to a press release.
A ...Starbucks Launches $100 Million Fund To Support SMBs
Tuesday 12th January - 8:07 pm
Starbucks announced on Tuesday (Jan. 12) that it is investing $100 million from now through 2025 to support small businesses located in minority neighborhoods.
The aim of the Starbucks Community Resilience ...B2B Payments Firm Modern Treasury Lands $38 Million
Tuesday 12th January - 4:23 pm
Payment operations software company Modern Treasury raised $38 million through an Altimeter Capital-led Series B funding round, according to a Tuesday (Jan. 12) announcement.
The company says the infusion came during “explosive ...Lightspeed Rolls Out Vendor Network For SMBs
Tuesday 12th January - 4:00 pm
Montreal-based omnichannel commerce platform provider Lightspeed has unveiled the “initial availability” of the Lightspeed Supplier Network for merchants in North America. Merchants in the pet, jewelry, outdoor sport and bike ...Today In B2B: Small PPP Loans Cause Controversy; Bank Profits Sink
Tuesday 12th January - 2:30 pm
Today in B2B payments, some small businesses received less than $99 in Paycheck Protection Program (PPP) loans, and U.S. bank profits are expected to sink. Plus, Pilot Company collaborates on ...Investment Managers Grapple With A Convergence Of Finance And Compliance
Tuesday 12th January - 8:00 am
Juggling financial workflows is often an area of significant friction for any young business, with digital solutions opening up new avenues to optimize and automate. For investment managers, however, managing ...Open Banking Matures As FIs Eye Commercialization
Tuesday 12th January - 8:00 am
More jurisdictions around the world are making headway in their open banking plans, and as this week’s roundup reveals, markets’ initiatives are maturing. While Saudi Arabia is gearing up to ...Virtual Cards Drive Consumerization Of B2B Payments
Tuesday 12th January - 4:00 am
Historically, corporate travel and expense (T&E) management has been viewed as an entirely separate function from other B2B payment workflows.
With employees seeking to use company cash in the same way ...Payments as a Service, Ready for Prime Time?
Monday 11th January - 9:45 pm
These days, with the emergence of the cloud, open banking and application programming interfaces (APIs, the moniker “as-a-Service” applies to pretty much any business function that is now able to ...About 300 SMBs Received Less Than $99 In PPP
Monday 11th January - 8:37 pm
While the Paycheck Protection Program (PPP) was supposed to be a lifeline for struggling small- to medium-sized businesses (SMBs) during the pandemic, some SMBs that received loans less than $99 ...Revolution Unveils Level 3 Processing For Salesforce Users
Monday 11th January - 8:06 pm
Revolution Payments has unveiled a Level III credit card processing offering for those who use Salesforce, according to a Monday (Jan. 11) announcement.
The announcement stated that the offering eases payment ...Porter Capital Offers New Funding Tools To PPP Recipients
Monday 11th January - 7:41 pm
Porter Capital, which works with accounts receivable (AR) financing and asset-based lending solutions, will provide more funding for businesses in need of extra money from their current Paycheck Protection Program ...US Banks' Q4 Profits May Drop Up To 40 Pct
Monday 11th January - 7:14 pm
When the largest banks in the U.S. start reporting fourth-quarter results, it is expected that profits will be down by as much as 40 percent from last year, Reuters reported ...Pilot Company, RTS Team On Fuel And Factoring For Fleets
Monday 11th January - 6:16 pm
To help trucking firms expand their businesses, Pilot Company and RTS Financial (RTS) have teamed up for a fuel and factoring partnership. The firms will work in tandem to offer ...How One Community Bank’s RTP Journey Offers A Path For Others
Monday 11th January - 3:46 pm
Legacy banks and financial institutions (FIs) keep scrambling to add new consumer-centric bank tech and digital experiences that layer sizzling consumerization onto sluggish B2B payments.
PYMNTS’ latest Real-Time Payments Report done ...Today In B2B: SBA Releases New PPP Loan Guidance; xSuite Secures Peppol Certification
Monday 11th January - 1:00 pm
Today in B2B payments, the SBA releases guidance for the next round of PPP loans, while xSuite secures Peppol invoice certification. Plus, TripActions announces ERP integrations, FortisPay acquires Swype and ...Coronavirus Puts B2B Payment Timing In A Tailspin
Monday 11th January - 8:00 am
Having invoices financed is one way to combat late B2B payments, but in Europe, one watchdog is raising concerns that new standards for default may see a dramatic rise in ...Cutting Through Global Trade Friction At SMBs' Point Of Need
Monday 11th January - 8:00 am
To finance the estimated $27 trillion worth of cross-border B2B trade flowing through the globe’s supply chains, some businesses have plenty of options — from traditional bank loans to invoice ...J.P. Morgan Looks Toward Payments Modernization
Monday 11th January - 4:00 am
The impact of the global pandemic on corporates’ digitization journeys has been undeniable. Whether businesses were establishing their modernization roadmaps for the first time or simply accelerating the plans they ...Goldiam International Debuts B2B Website For US Retail Jewelry
Sunday 10th January - 11:01 pm
India-based Goldiam International has completed the soft launch of its B2B website after the acquisition of Eco-Friendly Diamonds, a successful CVD diamond growing company, a report from Business-Standard says.
After the ...FortisPay Buys Swype To Expand AP, ERP Capabilities
Sunday 10th January - 10:04 pm
Fortis Payment Systems (FortisPay), which works in payment technologies for businesses and developers, announced that it had bought Swype at Work and also entered into partnership with that company’s affiliate, ...
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