The biggest obstacle to agentic payments isn’t teaching artificial intelligence how to buy something. It’s giving software permission to spend money without giving it permission to make expensive mistakes. Corporate procurement may already have the answer. Federal Reserve Governor Christopher Waller said in a Tuesday...
Tungsten Automation has introduced the accounts payable automation engine for its invoice-to-pay platform. The workflow automation company’s new InvoiceAgility+ is designed to use agentic artificial intelligence (AI) to provide end-to-end invoice-to-pay automation, combining things like global compliance and supplier connectivity into one solution, per a Wednesday...
Corporate treasury technology has perennially been a visibility game. Banks, treasury management systems and FinTechs promised CFOs a better view of balances, payments, liquidity and forecasts. And the provider landscape did indeed provide that view. But better dashboards are becoming table stakes just as artificial...
Money can move at 2 a.m. on Sunday. The systems needed to fund, convert, settle and account for that flow of funds may have another schedule. Three developments last week illustrate the timing variances. Seven U.K. banks completed the first live customer transactions using tokenized...
In 2024, the B2B payments conversation centered on moving businesses away from checks and toward electronic transactions. Two years later, the industry has made infrastructure advances, but two newly published research briefs from the Federal Reserve Bank of Cleveland highlight that the hardest part of...
Mastercard has introduced a card acceptance analytics platform to offer customers insights into supplier payments. Advanced B2B Analytics is designed to let issuers “drive commercial card spend at scale,” capture added revenue and help corporate customers find ways to optimize working capital, Mastercard said in...
A chief financial officer can only optimize the cash they can see. An invoice arriving outside an integrated B2B environment gives finance less time and potentially less information to decide how the resulting obligation should be managed. Until recently, the inconvenience of missing or incomplete...
Corporate cards provided a scalable answer to the question of who is allowed to spend company money. Virtual cards are taking that answer even further, to the question of “what” is allowed to direct enterprise spend. HSBC expanded its virtual card program across Asia Pacific on...
The oldest tension in B2B payments is becoming one of its newest business models. A dollar cannot simultaneously stay longer on the buyer’s balance sheet and arrive earlier on the supplier’s balance sheet unless somebody finances the interval. And while the modernization of B2B payments is...