In the commercial payments realm, invoices need validation, discrepancies warrant resolution and someone (or an authorized system) ultimately approve the release of funds. Smart contracts are being used to carry approved payment instructions from business workflows into bank payment systems. For accounts payable and treasury...
Visa has introduced new capabilities designed to keep commercial virtual card payments safer. Visa Commercial Fraud Solutions are part of a series of new capabilities designed to bring “trust and control” to business payments, Visa said in a Wednesday (Oct. 21) news release. “Businesses are moving quickly...
B2B payments company Boost Payments Solutions has launched a partnership with financial operating system Airwallex. The collaboration is designed to enhance Boost’s international commercial card processing capabilities and help it streamline supplier onboarding and simplify cross-border payment processing, the company announced Tuesday (Oct. 20). “Global...
Watch more: Digital Shift With Félix Bélisle-Dockrill of Axya A supplier promises to deliver parts on the 18th of the month. The shipment gets pushed to the 25th. The enterprise resource planning (ERP) system updates the expected delivery date, and when the goods finally arrive,...
Square has consolidated its credit and debit programs on Marqeta’s card issuing platform, saying this will enable the company to bring new credit features to market more quickly. With this move, Square migrated its Square Credit Card to Marqeta, which already enables Square’s debit and prepaid programs, the companies...
Mexico-based B2B financial platform Kapital is set to acquire artificial intelligence startup Woz. The $30 million deal is designed to strengthen Kapital’s financial ecosystem with the addition of Woz’s advanced coding agents for “complex business use cases,” the company said in a Monday (Oct. 19) news release. “Kapital was...
The check was supposed to be dead by now. Instead, it has become a $15 trillion reminder that moving money and settling a business obligation are not always the same thing. According to research briefs from the Federal Reserve Bank of Cleveland published in September, ACH...
QuickBooks maker Intuit has announced plans to acquire Series A revenue management company Sequence. The deal, announced Thursday (Oct. 15), is designed to add new revenue management capabilities to Intuit’s financial intelligence system and boost its mid-market offerings. The company says it is not disclosing terms of the acquisition....
Corporate cash has become one of banking’s most consequential bargaining chips. The third-quarter earnings season is offering chief financial officers a glimpse of what financial institutions are willing to provide to keep it. Third-quarter results from JPMorganChase, Citigroup and Bank of America suggested that the...