Today In B2B: Comdata Unveils New Fleet Card; Bookipi Debuts Invoice Payments Tool

Comdata Debuts Digital Payment Card For Truck Drivers

Today in B2B payments, Comdata rolls out a new fleet card for small fleets, and Bookipi launches an invoice payments feature. Plus, reports say corporates gloss over the pandemic’s impact on revenues, Advanced Fraud Solutions targets supplier fraud and Ledgermatic collaborates on blockchain for corporates.

Comdata Unveils B2B Payments Card For Small Fleets

Comdata Inc. has introduced its new Comdata Fleet Card, which was created for fleets that have fewer than 50 vehicles. The card comes with fuel savings, discounts and zero card transaction charges for a monthly fee per active card, according to a Tuesday (Feb. 23) announcement from Comdata, which is a FLEETCOR company. Comdata Senior Vice President of Product and Innovation Justin King said in the announcement that the strength of the supply chain becomes more and more essential to make sure that critical products are efficiently transported as the pandemic continues.

Bookipi Teams With Fat Zebra On SMB Invoice Payments

Bookipi, a company that generates invoices for small companies and freelancers, is poised to roll out its new BookiPay invoice payments system in Australia through a new collaboration with the financial technology firm Fat Zebra, according to an announcement. “We look forward to partnering with Fat Zebra to launch our invoice payments platform. Australian small businesses rely on their invoices getting paid and getting paid on time to run their businesses,” Bookipi Chief Executive Officer Tim Lee said about the partnership.

Ledgermatic, Algorand Work On Corporate Blockchain

Ledgermatic, which works on treasury tools to help corporates use digital assets, is working with Algorand as its blockchain protocol partner, according to a Tuesday (Feb. 23) press release. In addition, the release noted Ledgermatic has received funding from venture capital firm Borderless Capital. Algorand is set to form the basis of the protocol layer for Ledgermatic, allowing the company’s enterprise clients on-chain and cross-chain asset movements from its permission-secured network to Algorand’s public one.

Advanced Fraud Solutions Debuts Tool To Fight Vendor Fraud

Advanced Fraud Solutions (AFS), which works in deposit fraud detection software, has rolled out AFS Positive Pay, which will help financial institutions (FIs) and enterprise customers look at changes in payments information to prevent fraud, according to a press release. AFS Positive Pay will allow FIs and businesses to monitor payments and receive immediate notices when payment information from vendors, including routing numbers, account information or amounts, doesn’t correctly correspond, the release stated.

Some Businesses Gloss Over Pandemic’s Impact On Revenue

Many businesses have not accurately reported the impact of the pandemic on their bottom line, The Wall Street Journal reported on Tuesday (Feb. 23). Financial metrics don’t have to follow generally accepted accounting principles (GAAP), which makes it hard for investors to get a good picture of what a company’s financial landscape looks like, the news outlet noted. For the quarter that ended in December, roughly one out of three companies put a dollar amount on the impact of the pandemic in their earnings, according to data from Calcbench, per the Journal.