B2B Payments

Sage, VersaPay Debut New B2B Payments Solutions At Money 20/20

The best and the brightest in FinTech and payments gathered in Las Vegas this week at Money 20/20, and PYMNTS was there to catch the top stories. Among them are some new innovations for the world of B2B.

At the top of our list, Sage announced the launch of Sage Payments — a new payments service that enables customers to manage and make domestic and international payments straight from their Sage 50 Accounts and Sage 50 Payroll software.

Sage Payments is designed to provide an integrated, flexible and secure service for businesses to accept incoming payments. Sage Payments also offers a new way to make payments to suppliers and employees using a number of secure and reliable payments networks, including the Faster Payments network.

“Money management has throttled growth for too many businesses who struggle to handle flow of cash in and out of their organization,” commented Lee Perkins, EVP and managing director of Sage UK. “Until now, payments have been a significant drain on time for small and medium businesses, with firms spending over eight staff hours every month making payments. With Sage Payments, we are empowering businesses by breaking down age-old financial processes, revolutionizing the way they make payments and enabling them to take greater control of their cashflow.”

Another B2B player who made a big announcement at Money 20/20 was VersaPay Corporation, a provider of cloud-based invoicing, accounts receivable management and payment solutions, which announced the newest version of ARC — its accounts receivable automation platform.

“I am very pleased to see the level of engagement our customers are exhibiting on the platform,” said Craig O’Neill, CEO of VersaPay. “Much of the feedback we are receiving confirms that the system is indeed quick and easy to use, but we’re also getting some great ideas to refine existing features and add new capabilities that solve real business problems. This latest version of ARC is a great example of both types of improvements: refinements that add speed and convenience, as well as some exciting new capabilities.”

The new solutions are in addition to Penny, which also launched its prepaid MasterCard corporate travel and expense management solution at the event.


For more breaking news from Money 20/20, click here.

To check out what else is HOT in B2B, click here.


New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.