Companies of all types have had to adjust quickly to pandemic-driven changes in how businesses and individuals shop and pay. Business-to-business (B2B) companies that have yet to implement the digital payment tools their clients and partners have come to expect must work quickly to do...
The fastening products industry is complex, involving myriad back-order products, custom requests and specific documentation about test reports and compliance. Along with that, there’s the added challenge of finding what you need. Buyers often find themselves visiting a dozen different websites to find the right...
FinTech FundThrough on Thursday (Jan. 13) announced it has acquired financial technology company BlueVine’s invoice factoring business, accelerating its strategic focus on embedded finance and its expansion efforts in the U.S., doubling the company’s American client base. All employees in BlueVine’s invoice funding division will...
Mastercard has formed a partnership with the Bank of Montreal (BMO) and the credit and debit card processing service Moneris Solutions, both of which have joined the Mastercard Track Business Payment Service. The tool, set to become available to business customers in Canada early this...
Small exporters struggle to get access to finance. Large international banks are not interested in bearing the cost of onboarding small and midsize businesses, and small banks that do know these smaller businesses do not understand international trade. Nelson Holzner, co-founder and CEO at MODIFI, says that has created opportunities for his company and others to help buyers...
Most companies are digitizing their accounts receivable (AR) and accounts payable (AP) systems if they have not already done so, PYMNTS research finds. The reason chief financial officers (CFOs) most often cite for wanting to digitize their AR and AP workflows is their desire to...
Paper-based payment processes are slow and costly, and their use to collect receivables makes existing payment pain points even worse. The good news, however, is that most firms are cognizant of these issues and are actively moving away from manual processes, planning instead to embrace...
Construction financing platform Struxtion, LLC is working with Solid Financial Technologies to use that company’s FinTech-as-a-Service (FaaS) platform to provide what it describes as “frictionless financing” for the commercial construction industry. “Working with Solid has been a great win for both teams,” said in a...
At a glance, there don’t seem to be many similarities between selling real estate and trying to keep a fleet of long-haul trucks on time and on the move, but there is at least one area where these two bustling businesses both need to improve:...
