Across the typically staid area of trade finance, despite the importance of trade finance products and services to global trade growth and economic development, decades of paper-based processes, regulatory mismatches and monolithic financial infrastructures have historically stymied innovation. But we are almost at the second...
Over a long enough horizon, challenges represent opportunities for innovation, improvement and growth. That’s the case even when those challenges stem from behaviors that appear to be intractable, like the unavoidable prevalence of paper checks and legacy payment methods within the B2B payments ecosystem. But while...
Anyone who has ever conducted business knows the pains that traditional B2B payment modalities bring. But there’s a digital renaissance underway, as firms on both sides of the transaction look to modernize their antiquated processes. “Businesses are becoming much more aware and much more savvy...
Omnichannel commerce has transformed how we pay for things and the length of time in which we expect to get what we pay for. Delivery windows are shrinking. Where once we waited days or weeks to get packages delivered to the doorstep, we’re now accustomed...
Cybrid, a provider of embedded finance application programming interface (API) solutions, has expanded its Fintech API platform to include business-to-business (B2B) payments. This move is aimed at catering to the sophisticated requirements of modern businesses, the company said in a Thursday (Jan. 18) press release. “Our...
The ability to expand internationally is commonly viewed as a sign of a company’s strength. Doing business compliantly and profitably across borders takes a lot of resources — particularly if organizations are using locally-based point solutions to handle their cross-border transactions, which can result in...
TreviPay has partnered with Mastercard to add a Universal Acceptance solution to its B2B payments and invoicing network. This solution aims to expand supplier access to TreviPay’s payments and invoicing technology, allowing them to offer net terms or trade credit financing, as well as SKU-level...
Digital payment platform Balance has unveiled a suite of products that span the B2B transaction lifecycle, from order placement to payment settlement. These artificial intelligence (AI)-powered tools encompass net terms assessment and financing, payment cost optimization and accounts receivable (AR) automation, the company said in...
The thing about traditional B2B payment methods is that they tend to be rather … traditional. That includes paper checks, which remain tied to 40% of commercial transactions, but also includes other B2B payment processes often characterized by delays and complexities, like wire transfers, ACH payments,...
