Today in B2B payments, TreviPay and KHI develop a payment platform for the aviation industry, Lendica and Altametrics offer B2B buy now, pay later (BNPL) options for restaurants, and Clear launches an accounts payable (AP) automation tool. Plus, Edenred buys IPS to build a comprehensive invoice-to-pay solution.
B2B payments and invoicing network TreviPay has launched the TreviPay Aviation Network, which is powered by the KHI merchant network for the government, commercial aviation, and marine fuel bunkering markets. The network provides a “co-branded, closed-loop card solution” for fixed-base operators (FBOs) and flight support service organizations that serve the general and defense aviation industries, as well as their customers.
Embedded finance company Lendica has debuted an instant-approval payment plan to offer B2B BNPL options with Altametrics, which provides software for restaurants. Altametrics will team with Lendica to offer restaurants the newest line of Altametrics’ PlumPOS equipment with the option to spread the purchase over several months instead of paying upfront.
Indian FinTech Clear has debuted Clear Capture, an artificial intelligence (AI)-based end-to-end solution to let companies streamline their payments processes and automate invoices. The company said Clear Capture will help automate the purchase invoice entry, detect fraud, automatically validate incoming invoices and cut down on invoice entry time.
Digital payments platform Edenred has acquired invoice automation vendor IPS and said this will give clients of its corporate payment subsidiary, Edenred CSI, access to an end-to-end integrated solution for managing the entire AP process. Edenred Chief Operating Officer of Payment Solutions and New Markets Gilles Coccoli said the combination will “offer both existing and new clients a comprehensive invoice-to-pay solution, unlocking additional growth opportunities.”
With the connectivity of today’s vehicles, fleet operators can deploy resources more intelligently, automakers can better identify the features consumers want, and consumers can enjoy greater personalization. TrueCar Senior Vice President of Business Development Alain Nana-Sinkam told PYMNTS in an interview: “There is a great opportunity that sits in front of us, as an industry, to help car buyers be better at buying cars.”
A painful and poorly kept secret in the corporate gifting industry is the fact that most corporate gifts end up in a landfill. &Open Co-Founder and CEO Jonathan Legge told PYMNTS in an interview: “So, our manifesto, and what we’re looking to fix, is about bringing back the thought and care to corporate gifting and making it joyful again and easy for the sender and the recipient.”
The middle mile and the last mile are getting a high-tech makeover. In a panel moderated by Jay Darnell, vice president and head of B2B partnerships at Visa Business, SmartHop Co-founder and CEO Guillermo Garcia and Fluid Truck Co-Founder and CEO James Eberhard said data, payments and emerging innovators use new rails to create new sources of value for carriers and shippers — and positive ripple effects for consumers too.
The African payment landscape is deeply fragmented, but SeerBit CEO Omoniyi Kolade is optimistic about the opportunities that addressing the fragmentation and fissures in the payment space can create when it comes to transactions between consumers and businesses. “As long as customers can move easily and can transact easily… it becomes easier for businesses,” Kolade said.
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