In payments, change is slow, and then it happens quickly. That’s especially true in business-to-business (B2B) payments, where “the check is in the mail” gives way to the invoices sent by email, which then gives way to the embedded payment options that link accounts payable...
Today in B2B payments, Raiffeisen Bank International and FinLync team on cash management services, Roxe and Motoverse partner on cross-border remittance payments, and DHL and BigCommerce aim to help U.S. businesses grow their global sales. Plus, SPS Commerce buys InterTrade Systems from mdf commerce. Raiffeisen...
Money transfer companies Tempo France and Orokii have opened a remittance corridor between the U.S., 27 European Union countries, the Philippines and Ukraine. “This partnership brings an excellent opportunity for a payout system between Europe and the United States,” the companies said in a news...
Saying it’s meeting the growing demand for real-time treasury management, Citi has launched a new cash concentration capability that automatically transfers funds seven days a week. Dubbed 7-Day Sweeps, this new offering for institutional clients eliminates the need for these clients to manually transfer funds...
Amsterdam-based venture capital firm Newion has opened its fourth investment fund with an initial closing of 130 million euros (about $128.3 million) and said it aims to invest in about 20 new early-stage startups focused on B2B software over the next five years. The new...
Business communications solutions provider Quadient has launched a Software-as-a-Service (SaaS) solution for small- to medium-sized businesses (SMBs) that automates the preparation and delivery of invoices. Called Quadient Impress Invoice, the new product automates and delivers invoices through each customer’s preferred channel, enables customers to pay...
Blockchain payments and digital commerce company Roxe has partnered with global remittance company Motoverse to ease cross-border remittance payments for clients in Mexico, Brazil, Vietnam and the Single Euro Payments Area (SEPA). With this partnership, Roxe’s global customers can send money to Motoverse’s users, with...
Today in B2B payments, Mastercard announces new and expanded benefits available to its small- to medium-sized business (SMB) cardholders, while U.S. Bank adds a cash flow projection tool to the online dashboard for its SMB clients. Plus, Société Générale is set to acquire a majority...
Declining profits at iconic tool maker Stanley Black & Decker recently led to cost-cutting layoffs, with reports the firm is laying off 1,000 finance employees amid larger cuts. Stanley Black & Decker aims to shave $200 million from its costs by the end of the...
