B2B payments between merchants and the end-providers of services are a fundamental part of the travel and tourism sectors. Vendors often sell services that are ultimately provided by other firms that require payment. An online travel site that offers hotel and flight packages, for example,...
As it stands, the nation’s mortgage lenders currently face a mix of 7,000 state and federal laws and regulations governing their industry, with another 32,000 individual mandates that flow from them. And that’s just what one industry must comply with within a total matrix of more than 1 million federal and state...
Online banking and credit union community CBANC on Monday (Jan. 10) launched a new platform that features an online marketplace of products and solutions for financial institutions. The CBANC Marketplace includes data and information for 1,000 products from more than 450 companies that offer solutions...
While there’s a need for automation of manual tasks typically performed by junior accountants, there’s also demand for solutions for the sort of processes performed by accountants who’ve been in the industry for 15 to 20 years. And those more experienced accountants and large accounting...
Immediate access to funds is top of mind for many businesses. These businesses want to use faster payments to post disbursements immediately and automatically and allow for quicker access to funds. Businesses rely on accelerated cash flows to make payroll, vendor payments and more. To...
In countries like Canada that have a very developed financial system, it’s easy to expect that there would be a high level of financial inclusion. There is, for the most part, but some market segments are still underserved. “One of them, we believe, is small...
When a bank becomes a principal member in the credit card industry, that doesn’t necessarily mean it’s ready to start issuing cards and processing transactions. Instead, that designation is like a driver’s license. You may have a driver’s license, but you still need a car,...
eWorldTrade on Thursday (Jan. 6) announced the release of its app for Android and iOS users, giving the platform’s more than 1 million users a mobile way to buy and sell across the B2B landscape. eWorldTrade.com is used by stakeholders across the B2B spectrum across...
Digitizing business-to-business (B2B) payments data and managing it via enterprise resource planning (ERP) systems can improve collections, days sales outstanding (DSO) and operations. According to the Global B2B Payments Playbook, a PYMNTS and Worldpay collaboration, 49% of firms that have adopted automated accounts receivable (AR)...
