Boost Payment Solutions has teamed with Transfermate to address a rising demand for cross-border payments. The partnership, announced Thursday (March 12), combines Boost’s cross-border payment solution for enterprise-level business, Boost 100XB, with TransferMate’s payments infrastructure to help promote industry-wide commercial card usage and adoption. “Cross-border payments are no longer just a...
Word of mouth is a powerful force in B2B transactions. A company known for slow, cumbersome or error-prone payment processes can find its reputation tarnished, leading to customer churn and lost opportunities. Luxury retailer Saks, for example, missed hundreds of vendor payments and warned its...
Prometeo has introduced a solution designed to streamline B2B payments between Latin America and the U.S. Borderless Banking, announced by the Uruguay-based FinTech Tuesday (March 11), allows for access to local bank accounts for receiving payments and automating collections, while also facilitating international payment disbursement and optimizing global...
During times of uncertainty, payment issues can be more of a threat to survival than just a nuisance. The construction industry, a $2 trillion-plus behemoth in the U.S. alone, is notorious for payment gridlock. Who knew that building skyscrapers was easier than building a smooth...
Here’s a wake-up call for B2B firms: Generation Z decision makers rising through the business ranks want their B2B purchasing decisions and experiences to be as seamless, and as digital, as possible. For digital-native professionals, waiting 30 days for an invoice to clear via check...
Businesses are far from simple enterprises. They’re incredibly complex, with processes shaped over decades by regulations, internal dynamics, acquisitions, and extensive policy manuals. For B2B innovation to succeed, it must adapt to this complexity. Nowhere is this truer than in payments, where the balance between...
Flex raised $225 million in debt and equity funding to continue building its platform that manages business owners’ transactions, both business and personal. “We bid farewell to the days owners had to reconcile personal and business income, spend and accounting,” the company said in a...
As U.S. tariffs come into full force, global trade routes are being redrawn. So too are B2B procurement strategies. The reconfiguration of sourcing decisions is happening against a backdrop of ongoing economic uncertainty, fluctuating costs and geopolitical instability. Business identity verification and effective know your...
Klarna Founder and CEO Sebastian Siemiatkowski said Tuesday (March 4) that there is likely to be a consolidation of software-as-a-service (SaaS) companies as their customers, who are adopting artificial intelligence (AI), seek a “hub of knowledge.” Siemiatkowski said in a Tuesday post on X that Klarna has stopped...