Conferma Pay and Mastercard expanded their partnership to enhance expense management and hotel reconciliation for employees and corporations. The collaboration will enable mobile virtual card payments, providing a convenient and secure travel payment experience, the companies said in a Wednesday (Dec. 6) press release. Through Mastercard’s virtual card solution,...
Corporate travel and expense management startup Navan has laid off 145 people. The layoffs — 5% of the company’s staff — are part of a restructuring, TechCrunch reported Tuesday (Dec. 5). “We are refocusing efforts to move faster toward profitability as we enter the next phase of the...
In today’s rapidly evolving business landscape, firms are increasingly embracing digital advancements that can transform working capital management, streamline their accounts receivable (AR) and accounts payable (AP) systems and bolster their fraud prevention efforts. This shift, which spans across various sectors, is driven by the...
Payhawk, a spend management FinTech company, announced it has become a principal member of Visa Europe. This membership will enable Payhawk to issue Visa cards directly, without relying on third parties, giving the company greater control over its payment infrastructure. The ability to issue Visa...
In today’s corporate landscape, as companies navigate the challenges of hybrid work arrangements and business travel, the demand for virtual cards has surged. These innovative payment solutions offer a range of benefits, from improved cash flow and simplified spending controls to data tracking and fraud...
The more archaic and manual a system, the riper it is for abuse. Just take, for example, the news of Citi firing a senior analyst for inflating his meal expenses and later lying about it, which became widely reported on last week (Oct. 15). But reimbursement fraud is no joke, and businesses relying...
Galileo Financial Technologies introduced a corporate credit tool designed to control expense management. “Traditionally, managing thousands of employee charge cards and their individual credit limits has been a complex and time-consuming task for companies,” the company said in a news release Tuesday (Oct. 17). “The...
American Express has added external accounts integration to its digital cash flow management hub, American Express Business Blueprint. This is one of several new updates and enhancements added to the hub, aimed at helping small business card members gain a better understanding of their cash flow trends...
Finance automation platform Tipalti has debuted Tipalti Expenses, an expense management and automation solution. The tool integrates with Tipalti’s platform, which automates accounts payable (AP), procurement, cards and mass global payments “to improve financial visibility and reduce errors and fraud,” according to a Thursday (Sept....
