B2B Payments

B2B Payments
Visa, Yokoy Collaborate on Virtual B2B Debit Card 
December 09, 2021

The spend management platform Yokoy has collaborated with Visa on a new debit card for businesses for companies operating in Europe.  The company, which has offices in Zurich, Munich and Vienna, announced the card launch on its blog Thursday (Dec. 9), saying its platform connects...

B2B Payments
Lagging Service Sector Subscription Models Lack Automated B2B Payments
December 09, 2021

It’s often said that the consumerization of B2B payments is one of the hottest trends in the FinTech industry today. But, for all the noise being made by the hundreds of different invoicing platforms and payment providers in the space, the fact remains that the...

B2B Payments
Real Estate Transactions Are Complicated But Real Estate Payments Don’t Need To Be
December 09, 2021

Businesses of all sizes struggle with business-to-business (B2B) payments, with a recent survey finding that 54% of businesses have sent invoices to the wrong recipients, and 63% of businesses have received duplicate invoices. Untold sums are lost due to these issues, leading businesses to develop...

B2B Payments
Fortis Buys VIP Integrated Payments to Boost ERP, VAR Business
December 08, 2021

Fortis, the payments and commerce tech company, has acquired VIP Integrated Payments, which will help it simplify payments and cash flow for digitizing businesses, a press release says. VIP offers accounting software integration and credit card payments, along with other things like ACH/EFT payments, automated...

B2B Payments
60% of US and UK Businesses Report Cross-Border Payment Fraud as Pain Point
December 08, 2021

With professionals around the globe working from home during the pandemic, and many using their home networks and personal devices to conduct business, many have struggled to rebuild their cybersecurity infrastructures from scratch, and have scrambled to figure out how to protect their organizations’ data. ...

B2B Payments
Small Businesses Turn to Automation To Deal With Growing Late Payments Problem
December 08, 2021

While it’s certainly necessary, chasing down payments and corralling them has never been a glamourous job. But lately, a variety of factors has made the process less pleasant than ever. Clearly, the function is ripe for automation — and companies of all sizes have been...

B2B Payments
The Days of Manual Credit Card Reconciliation Processes Are Numbered
December 07, 2021

“An arduous and labor-intensive affair.” That is how Sam Seaton, CEO of open data platform Moneyhub, describes the financial month-end close process of reconciling credit card payments — which, due to the uneven distribution of data, often runs the risk of suffering from bottlenecks. According...

B2B Payments
Bizzon, MYHSM Team Up for More Secure Payments
December 07, 2021

Restaurant management software provider Bizzon is working with payment security software service MYHSM by Utimaco to upgrade its platform. As Vanilla Plus reports, the companies announced the partnership Tuesday (Dec. 7), saying it would replace ePOS, digital “order and pay” and the payment gateway with...

B2B Payments
7 In 10 Microbusinesses Prefer to do Business With Firms That Offer Instant Payments for...
December 07, 2021

At a time when there are solutions that allow payees to access their funds within 30 minutes of disbursement, and sometimes within seconds, disbursements are still more commonly delivered by methods that can take several days.  These delays are especially taxing for microbusinesses — entities...