Today in B2B payments, Deel discusses employee payroll needs and Bank of America launches its accounts payable solution. Plus, ArcaPay talks faster cross-border B2B payments, Citi embraces Mastercard Send and Plastiq digs deeper into supplier card acceptance.
Positioning Payroll Closer To The Employee
SMBs Choose Their Cross-Border Payment Priorities
The many pain points of cross-border payments are well-known in the industry, but there may be an opportunity to address multiple challenges at once. ArcaPay CEO and Founder Marius Bausys discusses how small businesses should prioritize their global payment strategies with a focus on speed and FX hedging.
Bank Of America Rolls Out AP Automation Platform
Citi Expands Payment Exchange Capabilities With Mastercard Send
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Citi has joined forces with Mastercard to expand its payment exchange options for its institutional clients. Citi announced in a news release on Wednesday (April 21) that corporate and public sector Citi Payment Exchange clients can now integrate Mastercard Send to transmit funds to consumer debit or prepaid card accounts. This arrangement makes Citi the largest global treasury bank using Mastercard Send.
Plastiq, Billfire Team Up To Let Suppliers Accept Payments By Credit Card
To allow distributors and vendors to take payments by credit card “without any merchant fees,” payment platform Plastiq has collaborated with accounts receivable (AR) automation provider Billfire. The connection offers a smooth and enhanced experience for Billfire clients, according to a Wednesday (April 21) announcement. The ability to take payments via credit card “without paying a merchant fee” brings digital payment functionalities to a broader array of sectors and suppliers.
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