In consumer markets, the idea of frictionless commerce is so ingrained that few people stop to think about it. A shopper clicks “Buy Now” on Amazon, the order slips invisibly into a vast logistical machine, and days later a box arrives at the doorstep. No...
Mercado Libre reportedly launched a new B2B unit in Argentina, Brazil, Chile and Mexico. The company said it began testing the unit a year ago and now has more than 4 million users enabled for wholesale purchases, Reuters reported Monday (Sept. 22). This move expands...
There are too many unglamorous taxes on business growth to count, but B2B onboarding has long been one of the most headache-inducing. It’s a familiar story: a new client signs a contract, often after months of negotiation, only to be funneled into a gantlet of...
Global commerce platform WEX has rebranded its software solution for contractors, Payzerware, to WEX Field Service Management (FSM) and launched the new WEX FSM mobile app. The new WEX FSM incorporates the WEX Fleet Card, Advanced Reporting, and access to GoodLeap’s flexible financing options and...
For much of its history, payments security has been essentially synonymous with friction. This has held particularly true across B2B transactions, where the terms, counterparties, transaction size and payment mechanism each come with their own protective castle walls or deep moat. This architecture, born in...
PrimeRevenue integrated Plaid Identity Verification (IDV) into its PrimeRevenue Platform, which enables collaboration between buyers and suppliers and streamlines B2B payments. The integration will help suppliers secure payments using IDV’s global identity and document verification, facial biometrics and real time fraud signals, the companies said...
Enterprise back offices are the engine of corporate life. They process invoices, reconcile accounts, monitor compliance and ensure company books are balanced to the penny. However, these engines have been humming the same tune for often a decade or more. Many rely on outdated systems,...
Streamlined backstage operations matter most when center stage gets complicated. That’s the situation playing out across today’s uncertain times, as traditionally behind-the-scenes enablers like trade finance, supply chain security and payments automation are becoming growth engines for firms seeking to navigate the ongoing and volatile macro...
Walmart Business is piloting a Pay By Invoice program with a select group of customers and plans to make it more widely available in the coming months. The company’s Pay By Invoice is powered by B2B payments platform TreviPay and allows eligible business customers to...