For years, the elevator pitch for B2B payments modernization was speed. Faster approvals. Faster settlement. Faster reconciliation. Faster access to working capital. However, moves from Mastercard and American Express point to a different phase of the B2B payments market, one where corporate payments are shifting...
Citi is collaborating with cloud enterprise software company Infor to introduce an invoice processing solution. Citi Consolidate, announced Tuesday (July 28), was created for buyers and their suppliers and is designed to streamlines and digitizes invoice approval, purchase orders and payables for customers using Infor...
Payward plans to expand its B2B infrastructure platform, Payward Services, with embedded, non-custodial wallet infrastructure by acquiring the wallet-as-a-service business of Magic Labs. Magic Labs’ noncustodial wallet infrastructure has powered more than 60 million wallets and over $10 billion in stablecoin volume for 200,000 developers,...
What mid-market compliance function didn’t exist 10 years ago that now requires a dedicated staff? The simple answer is that it’s most of them. Every major financial innovation from ACH to Swift, cards, cloud banking, open banking, real-time payments and now blockchain has ultimately reduced...
Conversational artificial intelligence (AI) started out handling simple tasks. For much of its decades-long commercial life, from Siri to Alexa and beyond, consumers used voice AI tools to check an order, reset a password, find a product or ask about the weather. Historically, the experience...
Virtual cards are gaining a second job inside corporate finance departments. Beyond helping companies pay suppliers, the cards can give CFOs more control over timing, visibility and short-term funding. New PYMNTS Intelligence data show that the most efficient growth corporates are far more likely to...
WEX Inc.’s (NYSE: WEX) second-quarter results, reported Wednesday (July 22), were flattered by forces outside its control. Higher fuel prices and favorable foreign exchange movements helped lift revenue 14.2% to $753.5 million, while adjusted earnings per share climbed 35.4% to $5.35. Excluding those macro effects,...
Stripe is positioning itself to play an even greater role in the artificial intelligence (AI) sector that already propelled its revenue to increase by a third to $6.8 billion last year, The Information reported Wednesday (July 22). The company processes payments for AI labs and...
Passionfroot raised $15 million in a Series A funding round to continue investing in its platform that connects B2B tech companies with vetted creators who can help them with their go-to-market campaigns. The platform simplifies the process of working with creators by providing an agent...