For a business that preaches the need for speed, the trucking business seems to run into processes with the potential to keep trucks idling at every turn. Handling expenses for cost drivers incur on the road alone is a daunting task for any finance team...
Today in B2B payments, Walmart is set to acquire tech company Volt Systems to give suppliers greater visibility into merchandising resources, and AvidXchange launches a new accounts payable (AP) solution for the construction industry. Walmart to Acquire Volt Systems, Bolster Supply Management Walmart is set...
An overwhelming number of small and medium-sized businesses (SMBs) still have much work to do on the march to digitization, according to “AP Automation Tracker,” a PYMNTS and Beanworks collaboration. Even businesses that have entirely digitized their consumer-facing operations may still have work to do...
Embedded payments software provider Infinicept is rolling out a new single, open payment operations solution that will give clients the ability to network with any processor or alternative payment rail they choose. Infinicept’s new solution, Infiniport, enables payment facilitators, payments companies, and software platforms with embedded...
With companies working to reduce the time they spend on paperwork so that they can focus on their core mission, solution providers are equipping them with automated platforms that free them from accounts payable (AP) chores. One provider of these tools, AvidXchange, has expanded its...
Today in B2B payments, global supply chains report less strain in July than at any point since January 2021, while NACHA says B2B automated clearing house (ACH) volume rose 12.3% year over year in the second quarter. Plus, Telio aims to grow its B2B eCommerce...
Vietnamese startup Telio aims to raise $50 million to $60 million in the latest funding round for its business-to-business eCommerce platform, Nikkei Asia reported Friday (Aug. 5). Started by Bui Sy Phong in 2019, Telio had raised $51 million by November 2021, at which time...
Today, consumers demand a convenient and hassle-free checkout experience, whether online or in-store. In Europe, that means that physical retailers need to offer whichever contactless payment methods are popular in their local market, either NFC or QR code based. For online stores, there are even...
Today in B2B payments, FLEETCOR adds Accrualify to continue diversifying its portfolio, while the digital B2B payments shift comes to Wall Street with the Plastiq SPAC deal with Colonnade Acquisition Corp. II. Plus, consumer convenience comes to B2B payments through the addition of embedded finance,...
