Local governments of small towns across America are in a precarious situation. Like small businesses in the private sector, small local governments struggle with limited resources and revenue streams. And yet like large city, state or federal government entities, these often tiny operations must still...
The most high-profile B2B FinTech investment this week went to cross-border payments technology firm Currencycloud, thanks to Visa’s participation in an $80 million funding round. But it wasn’t the only company to score new funding, with investors placing funds in an array of B2B startups...
Automating back-office processes has indisputable positive impacts on companies’ ability to promote efficiency and operational cost savings, and even encourage sustainability through the reduction of paper. Those factors have historically driven businesses’ accounts payable (AP) automation journeys, according to Danielle Simer, industry solution marketing manager...
Billtrust, an accounts receivable (AR) automation and B2B order-to-cash solution company, has announced that it’s partnered with Corporate Spending Innovations (CSI) and integrated it into Billtrust’s Business Payments Network (BPN), to help customers automate the delivery of payments to suppliers around the network, according to...
Global payments solution firm Berkeley Payments is introducing DirectSend to offer corporates frictionless real-time transfers, the company announced on Thursday (Jan. 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Pleo, a business banking company, has announced that it is pivoting its business model in partnership with JPMorgan and Mastercard, and will now offer company credit cards instead of prepaid spending cards, according to AltFi. Pleo had previously offered the spending cards, and combined them...
Talk of “friction” in the payments industry is mostly about removing obstacles to consumer transactions, and how easily (or not) those payments get processed on the backend by merchants and banks. But there are other types of unwanted friction in finance. Get the Full Story...
New lease accounting standards are in effect for publicly traded companies in the U.S. after the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) introduced changes to the way businesses account for their outstanding leases. Get the Full Story Complete the form...
As faster and real-time payment schemes achieve ubiquity in more markets around the globe, speed is increasingly becoming the standard for payers of all kinds. This new reality isn’t without its challenges for financial services providers, however, with security and fraud mitigation among the largest...
