Today in B2B payments, the California Society of Certified Public Accountants (CalCPA) and Anchor collaborate to offer discounts on autonomous billing, Sage and Square team up to integrate their accounting and point-of-sale (POS) software, and Pledg and Allianz Trade partner to develop a buy now, pay later (BNPL) solution B2B eCommerce sites and marketplaces. Plus, Aurora acquires One Payments.
CalCPA Teams With Anchor to Bring Autonomous Billing to Accountants
The California Society of Certified Public Accountants (CalCPA) is working with autonomous billing and collections platform Anchor, which will give CalCPA members exclusive pricing and discounts as well as access to the company’s billing and collections automation platform.
Sage, Square Combine Accounting, POS Software
Accounting and payroll technology company Sage has teamed up with payments provider Square to integrate their accounting and point-of-sale (POS) software. The collaboration means customers using both products can do business and take payments in-person, online or over the phone. From there, sales data flows into Sage Accounting, keeping retailers’ books accurate and current.
French Startup Pledg, Credit Insurer Allianz Trade Partner on B2B BNPL
French payment solutions startup Pledg and credit insurance company Allianz Trade have partnered to develop a buy now, pay later (BNPL) solution for B2B eCommerce sites and marketplaces. With this solution, B2B sellers will be able to offer their customers deferred or split payments instantly while still receiving immediate and guaranteed payments.
Car Importers Tap Power of Platforms to Tame Price Volatility
For a cross-border auto trading platform, used cars are like stocks, options and bonds in that volatility is an opportunity for profit. Trade X Founder and CEO Ryan Davidson told PYMNTS in a recent interview, “The more [inflation and volatility], the more opportunities there are to have mispriced vehicles, and so we thrive on it, and the more that exists, the more opportunities there are for transactions to convert.”
Convoy Now Offers Carriers Faster Payments After Loads
Digital freight network Convoy is enhancing its payments service to add money to carriers’ bank accounts within eight hours of load completion. The new enhancements to the Convoy QuickPay service offer carriers the flexibility to get paid within two days at no additional charge or within eight hours for a 1.5% fee.
Aurora Acquires SMB Payment Firm One Payment
Payment technology provider Aurora has acquired FinTech payment company One Payment, which has a portfolio of 6,000 merchants with a focus on minority-owned small and medium-sized businesses (SMBs). “With over $1 billion of volume processed annually, One Payment adds immediate scale to the Aurora platform through its acquisition,” Aurora said in a press release.
This Week in B2B Payments Funding
It was a short week in the U.S., but venture capital, private equity and seed investors continued to go long in the B2B payments space. PYMNTS recaps recent funding events in the sector and links them to trends in several key sectors of the economy, including healthcare, invoicing and payments, B2B procurement and finance automation.
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