Corporate procurement has long been measured by one simple question: Did you negotiate the lowest price? The advent of artificial intelligence and the uncertainty of global trade is replacing that question with another: Did you secure supply before everyone else? As artificial intelligence transforms technology...
Restaurant management and payments platform MarginEdge has launched a commercial card designed specifically for restaurants. The new MarginEdge Commercial Charge Mastercard is now available as a physical card and will soon be offered in a digital version, the company said in a Wednesday (June 24) press release. The card is purpose-built to replace the...
Rising rates and working capital pressures are giving the corporate org chart a makeover. And it’s forcing the procurement and treasury functions together as finance platforms connect procurement workflows, accounts payable processes, payment execution and treasury operations within unified ecosystems. With data becoming more accessible,...
Boost Payment Solutions’ B2B payments platform has helped customers reduce their interchange costs by nearly 44% since Visa’s Commercial Enhanced Data Program (CEDP) launched in October. The platform has helped customers save $14.7 million in acceptance costs across more than $1.2 billion in qualifying transaction volume...
Melio has launched an agent-powered B2B payment network that enables buyers to pay suppliers through their accounts receivable (AR) systems, without requiring suppliers to onboard to a new portal or payment network. The network enables agents to log into supplier billing and AR systems, identify...
Every major technological shift creates a new category of business data. The internet created clickstream data, smartphones created location data and cloud software generated operational data at unprecedented scale. Fast forward to today, and artificial intelligence (AI) is turning everything into data. AI systems enable...
Adyen has unveiled a suite of tools to help companies sell via conversational artificial intelligence (AI) platforms. Adyen Agentic, announced by the payments FinTech Tuesday (June 16), includes a trio of layers designed to address the various stages of the customer journey in agentic commerce....
HSBC debuted a tool designed to help customers get faster access to working capital. The banking giant’s HSBC TradeCash is a trade finance solution that allows customers to share sales invoice data online and borrow against it, according to a Monday (June 15) press release...
One of the biggest hiccups impacting corporate payments today is bad bank account data. Incorrect account numbers, outdated supplier records, mismatched account ownership information, closed accounts and onboarding errors have plagued payment operations for decades. The challenge facing finance departments is neither new nor glamorous,...