Climate-committed entrepreneurial businesses want to do the right thing when it comes to carbon offsets but find it difficult to know which claims to believe. After all, a vendor saying that it will plant a tree with each product purchase doesn’t mean much because the...
The payments delays and errors common in B2B transactions stem from many sources, but a leading factor is a reliance on manual payments processes such as checks. Errors can crop up at any point when paper checks are involved, from mailing to receiving to processing....
Payments technology firm Priority Technology Holdings announced a partnership with full-service New Mexico and Texas community bank Century Bank that will give Century customers access to Priority’s CPX accounts payable (AP) solution, according to a Monday (April 11) joint press release. “We are excited to...
There’s been an increase in business-to-business (B2B) payments in the wake of the pandemic — a 10% year-over-year growth, according to data from McKinsey. B2B payments remain a challenge for many small- to medium-sized enterprises (SMEs) in emerging markets like Africa, given the high cost...
In today’s B2B payments news, KredX and ICICI Bank partner to launch a cash back commercial card. Plus, Axis Bank and ADB work on a supply chain financing program. India’s KredX, ICICI Bank to Launch Cash Back Commercial Card for B2B Payments Supply chain finance...
Manual accounts receivable (AR) processes lead to inefficient payment acceptance and credit assessment, which ultimately results in a slower collection process. Conversely, among firms that use automation in the areas of payment acceptance, the credit check process and collection management get paid much faster. In...
India’s Axis Bank has signed an agreement with the Asian Development Bank (ADB) to support supply chain financing, the bank announced on its website Friday (April 8). According to Axis, ADB will provide guarantees for Axis’ lending, with the program’s initial foundational ramp-up coming in at...
Supply chain finance company KredX has partnered with ICICI Bank to offer a commercial card for B2B payments, the two India-based companies announced Friday (April 8). The ICICI Bank-KredX Commercial Card is a first-of-its-kind cash back card that allows businesses to collect instant financial rewards...
The transition from paper check to electronic payments would seem a logical leap for B2B payments, mirroring the growth happening in consumer-facing commerce. As James Colassano, senior vice president, product development at The Clearing House (TCH), told PYMNTS, the recent boost in the transaction limits...
