Supply chains underpin the global economy, and inefficiencies in payment processes have emerged as a barrier to growth, resilience and cost control. On Thursday (Oct. 3), HSBC launched an embedded finance venture with Tradeshift, a cloud-based, global trade network for purchase-to-pay automation, supply chain payments, marketplaces,...
It’s the dawn of a new era in B2B. New technologies are simplifying workflows, streamlining buyer-supplier transactions, and improving transparency — and the technical lift it takes to integrate them is getting smaller. In the global rush to digitize, many business-to-business (B2B) companies are realizing...
Cryptocurrency exchange Coinbase is expanding the ways businesses can pay. PayPal paid invoices to EY using the PayPal USD (PYUSD) stablecoin deposited into EY’s Coinbase Prime account, according to a Thursday (Oct. 3) news release. Coinbase Prime is a brokerage platform that facilitates trades, custody...
For years, the use of cards within B2B payments has been relatively nascent. However, with news Tuesday (Oct. 1) that American Express teamed with Boost Payment Solutions to provide commercial virtual card processing services, buyers and suppliers in the B2B space are increasingly waking up...
Bank of America’s virtual card offering in Europe, the Middle East and Africa (EMEA) is expanding. The banking giant launched Virtual Payables Direct, a B2B payment solution offering buyers in EMEA the working capital benefits of a card transaction, plus a new enhancement that lets...
American Express has teamed with Boost Payment Solutions to provide commercial virtual card processing services. The offering, open to U.S. merchants that accept American Express (Amex), provides access to Boost’s straight-through-processing (STP) solution Intercept, the companies said in a Tuesday (Oct. 1) news release. “This collaboration will enable suppliers...
Old-school manual B2B payments, particularly checks, are sitting ducks for fraudsters. Many organizations, particularly those in industries with long-established practices or fragmented environments, like construction, healthcare and beyond, continue to manage payments using outdated methods such as paper checks, manual invoicing and batch payments. And...
In a digital-first B2B landscape, data is more than just numbers — it’s a secret weapon. And the secret is out: for businesses looking to grow, their B2B payments data can often be an untapped asset. For too long, B2B payments data was treated as...
Where the consumer space is nimble and flexible, the B2B landscape can be comparatively stiff. But when momentum builds in B2B, it can be hard to stop. And that’s what is happening — as new tech continues driving massive gains across the B2B landscape by...
