News

B2B Payments
Today in B2B Payments: Firms Launch Tools for Restaurants, SMBs
October 12, 2022

Today in B2B payments, Walmart announces upcoming changes to its data monetization platform, Toast helps restaurants with catering and wholesale orders, and Nuvei adds a payments interface for businesses of all sizes. Plus, TripActions raises $300 million, while BNP Paribas agrees to buy Kantox. Walmart...

eCommerce
Ambry Hill, eComchain Enable B2B eCommerce for Aircraft Parts Sellers
October 12, 2022

Software company Ambry Hill Technologies and eCommerce implementation company eComchain have partnered to provide sellers of aircraft parts with a B2B eCommerce storefront solution. The new solution will be part of VistaSuite, which is Ambry Hill Technologies’ cloud-based business management software for the aviation aftermarket...

Loyalty & Rewards
How Many Lattes Does a Delta Ticket to London Cost?
October 12, 2022

Starbucks is looking to woo travelers, enabling its loyalty program members to double dip on rewards by also earning Delta SkyMiles, but the remarkably low conversion rate suggests that the partnership is more of a publicity stunt than a real benefit for its customers. The...

Investments
TripActions Raises $300M to Expand Travel, Expense Management Platform
October 12, 2022

Travel and expense management platform TripActions has raised $300 million in a Series G round and said it will use the new funding to accelerate its global expansion. That expansion has already been underway as, over the past year, TripActions has acquired three travel management...

B2B Payments
Tech, Data Play Larger Role as CFOs Prep for Uncertain Future
October 12, 2022

At any growth-stage company, there’s a lot of change happening. For chief financial officers (CFOs), that means managing day-to-day change while keeping strategic growth as their North Star, Honor Technology CFO Andrew Steinberg told PYMNTS. “I know where we want to be by the end...

Banking
Report: Orange Could Sell Its Banking Unit
October 12, 2022

French telecom Orange is reportedly weighing its options for its online banking division in the wake of media reports that the company was considering the sale of Orange Bank. “In a very highly competitive environment in the banking market, Orange is considering all opportunities to...

Retail
LVMH’s Unstoppable Luxury Train Detours to the TikTok Masses
October 12, 2022

Within hours of posting slump-defying third quarter results that starkly reflected wealthy consumers’ continued insulation from the effects of inflation, French luxury giant LVMH then went on to make a second, head-turning move Tuesday (Oct. 11) when it launched its debut video clip and new...

Loyalty & Rewards
Restaurants Rethink Loyalty
October 12, 2022

For a long time, even offering a mobile loyalty program was a competitive advantage for restaurant brands. Now, with consumers expecting to be rewarded for their digital loyalty, brands are rethinking their offerings in light of customers’ changing habits and demands. Zaxby’s, for instance, an...

B2B Payments
Building Materials Firm US LBM Enlists Billtrust for AR Automation
October 12, 2022

Aiming to standardize its automated accounts receivable (AR) capability, specialty building materials distributor US LBM has selected Billtrust as its enterprise-wide AR platform. With Billtrust solutions, US LBM can now provide B2B buyers with more digital payment options at its 400 locations across the nation,...