The B2B accounts receivable automation and integrated-payments company Billtrust says it surpassed $1 billion in supplier invoices delivered to accounts payable (AP) portals in 2021. The Lawrenceville, New Jersey, company announced this milestone in a news release Thursday (Jan. 20), saying it marked Billtrust’s largest...
Mastercard on Thursday (Jan. 20) unveiled its Mastercard Track Instant Pay, a virtual card solution for instant B2B payments, according to a press release. “Integrated with Mastercard Track Business Payment Service, Mastercard’s open-loop B2B network, the new, first-of-its-kind virtual card solution delivers greater choice, efficiency...
In India, direct bank transfer, checks and cash remain popular B2B payment methods, despite their drawbacks — mostly because businesses haven’t had any good alternatives. Because B2B ticket size is high and margins are low, payment gateways are not an option due to the high...
Fulfilling payments needs quickly is crucial for companies looking to compete for the services of microbusinesses — businesses with up to 10 employees, including solo entrepreneurs or self-employed freelancers. In fact, 67% of microbusinesses said they are likely to keep doing business with companies that...
Some universal challenges impact accounts receivable (AR) effectiveness across sectors, such as payment delays and complications around processing different forms of payments. However, the intensity of these various pain points depends a great deal on the nature of the industry and market conditions. For technology...
B2B and B2C digital commerce software provider PhaseZero announced its CxAnalytics solution on Tuesday (Jan. 18), designed to help business managers proactively manage sales and market growth. This new addition is part of the company’s wider Software-as-a-Service (SaaS) platform CxCommerce. Per the release, these solutions...
Sixty-five percent. That’s the proportion of new U.K. businesses that are refused credit, leading to an estimated 6-billion-pound lending gap between small and medium-sized enterprise (SME) credit demand and available credit. That data, according to research by U.K. challenger bank Cashplus, shows the funding challenges...
Continuing to expand its range of legal technology solutions, Litera announced in a Tuesday (Jan. 18) press release that it has agreed to acquire Prosperoware, a provider of software solutions that help teams collaborate more efficiently and securely. This follows on the heels of Litera’s...
Delayed business-to-business (B2B) payments are a considerable source of pain for suppliers, and many are becoming more sensitive to the fact that paper-based payment methods can increase the likelihood of such aggravations. In response, companies are exploring how they can adapt their approaches to reduce...
