Visa’s suite of B2B payment solutions now enables financial institutions to add virtual corporate cards to the digital wallets of their clients’ employees. This new digital wallet capability provides greater convenience, security and flexibility for corporate users, the digital payments company said in a Monday...
The evolving world of payments is being built on top of innovative strategies. And, after years of traditional ways of transacting like paper checks and ACH payments, change is happening all at once — and it requires a brand-new foundational infrastructure layer. “We’re building a...
Over a long enough time, change stands alone as the only constant. After all, it was over a century and a half ago that Charles Darwin first wrote that “the species most responsive to change” is the one that survives — and while he was...
Unimarket has launched the “Virtual Mailroom,” a product that automates and simplifies the processing of invoices, whether they are electronic, PDF or paper. The Virtual Mailroom digitizes supplier invoices of all formats and enables customers to process them at a low fixed cost within 48 hours,...
Historically, working capital options for small and medium-sized businesses (SMBs) have been somewhat limited, and the current interest rate environment has only exacerbated this limitation. As a result, businesses have been compelled to explore alternative financing avenues, which tend to be more expensive for most...
Conferma Pay and ConnexPay have joined forces to enable travel businesses to issue virtual cards. This collaboration combines Conferma Pay’s virtual card ecosystem with ConnexPay’s virtual card issuing engine and real-time funding processes, offering a comprehensive and secure all-in-one payments solution, the companies said in...
London-based FinTech company Kriya has secured a new 50-million-pound (about $64 million) debt facility to scale its B2B payments volumes. The new funding will allow the company to power 1 billion pounds of B2B payments over the next two years via its PayNow and PayLater...
Automation of business processes among small and medium-sized businesses (SMBs) is traditionally behind the level of adoption shown by larger companies that have more economic and technological resources to allocate to this purpose. Specifically, accounts payable (AP) and accounts receivable (AR) automation implies, among other...
How a business is paid has an upstream impact on the overall B2B relationship. That’s why firms can gain a competitive edge by offering cutting-edge services, particularly around the B2B payments journey. With paper checks still tied to 40% of commercial transactions, and other B2B payment processes...
