In most countries in Latin America, it is mandatory that all business transactions must have an electronic invoice in the middle. “What this does is that it helps us control internally for businesses obviously the movement of money, but that also adds a large volume...
Just like consumers, businesses require quick and secure payment methods that meet their in-the-moment needs. That’s why financial institutions (FIs) need to be able to customize the range of payment processes they offer as their clients’ businesses grow. Without these functionalities, businesses that live and...
Enterprises looking to simplify and streamline payments flows are adopting digital technologies to make that goal. Among B2B payment methods, credit card-enabled digital payments made via supplier portals or digital wallets have seen the largest increase in use of any payment type since the pandemic...
Today in B2B payments, buy now, pay later (BNPL) becomes an alternative to corporate credit cards, and Global Payments tries to sell Netspend again after failing to get the $2 million it sought in 2020. Plus, MetaCX brings business value to the metaverse, and U.S....
Software firm MetaCX has launched the Business Value Network, a metaverse-based platform that lets businesses form “persistent digital connections” with other businesses in their ecosystem, according to a Friday (Feb, 11) press release. “Unlike traditional enterprise software that a company buys to automate internally-focused, transactional...
In Latin America, 88% of businesses don’t have access to traditional credit, and 55% of B2B transactions are done with cash transactions. In the U.S., too, small- to medium-sized businesses (SMBs) have limited access to credit and generally can get only a corporate card. “A...
Payments innovations such as real-time payments, accounts receivable (AR) and accounts payable (AP) automation and virtual cards can enhance many aspects of businesses’ cross-border payments processes. The businesses that invest in them often do so with specific operational goals in mind, and these goals tend...
For the second time in as many years, payments processor Global Payments is seeking a buyer for Netspend, its prepaid debit card unit. As Barron’s reported Friday (Feb. 11), the company is conducting a strategic review of Netspend’s consumer business but plans to keep its...
As companies continue the never-ending work of making processes more efficient, today’s chief financial officers (CFOs) play a critical role in helping to determine where they should put their resources. At Lendio, a marketplace that brings together lenders and small business owners looking financing options,...
