Watch more: Need to Know: Mastercard’s Marc Pettican Few dynamics in corporate operations are as familiar and unchanging as the B2B acceptance choreography. Buyers negotiate terms with suppliers. Suppliers weigh costs, settlement speed and risk. Banks and card networks provide rails largely in the background. This traditional dance has...
For years, B2B payments innovation has focused on driving forward the shift from paper checks to digital platforms. But this transition has been both a long time coming and surprisingly resistant to full adoption. Despite widespread awareness of the benefits of digital payment systems, particularly...
Middle-market companies are turning to virtual credit cards to manage working capital more effectively. Offering the same flexibility as traditional credit cards, but with enhanced spend tracking and better control, virtual cards are gaining traction among North American companies with revenue between $50 million and...
Visa has introduced a way for customers to tap the multitrillion-dollar commercial payments market. The Visa Commercial Solutions (VCS) Hub, announced Thursday (Oct. 3), is designed to help financial institutions and businesses efficiently access a range of commercial payment solutions, “complementary capabilities and integrations into...
Businesses are expecting a significant increase in both payments made and invoices delivered over the next three years. In fact, on average, firms — regardless of size or industry — anticipate a 50% increase in payments made and a 46% increase in invoices delivered. The...
In challenging times, commercial firms need to get creative about the way they do business. Luckily for business-to-business (B2B) players large and small, creativity often springs from flexibility — and digital innovations like buy now, pay later (BNPL) solutions, real-time payments, and the use of...
Luxembourg-based FinTech Mangopay has been granted an electronic money institution (EMI) license by the U.K. Financial Conduct Authority (FCA), the company announced in a Wednesday (Nov. 1) blog post. This license allows the business-to-business (B2B) payment infrastructure provider, which supports over 2,500 platforms and marketplaces worldwide, to...
TPA Stream, an insurance technology software company, has introduced a consolidated invoicing product for third-party administrators (TPAs). This solution allows administrators to generate a single invoice for all the services they provide, including CDH/COBRA administration, transit, cafeteria plans, medical premiums and retirement benefits fees, TPA...
Fiserv, a global provider of payments and financial services technology solutions, has partnered with Melio, a B2B payments platform, to help financial institutions streamline accounts payable and receivable for small businesses. This collaboration has launched a comprehensive solution called CashFlow Central, available from Fiserv, that is designed...