News

Payment Methods
‘Inevitable’ Advance of Embedded Payments Will Spark Bank-FinTech Partnerships
November 09, 2022

Embedded payments are an inevitability for merchants, for small businesses, for plumbers and gardeners, and pretty much everyone else. Modern Treasury CEO and Co-Founder Dimitri Dadiomov and Silicon Valley Bank Head of Global Payments Kathleen Pierce-Gilmore told PYMNTS that partnerships between FinTechs and banks —...

B2B Payments
Payments Experts Say Embedded Finance Still in Early Innings
November 09, 2022

Say the term “embedded payments,” and thoughts typically wander to the consumer side of commerce to such things as the invisible transactions in the background of an Uber ride or the one-click retail checkout on a phone. But as Galileo CPO David Feuer, Entrata CFO...

B2B Payments
Billtrust CEO Says Middleware and Not Standards Key to Modernizing B2B Payments
November 09, 2022

Billtrust CEO Flint Lane predicted that B2B’s modernization would not come in one fell swoop, underpinned by a global standard — a language of data, so to speak — that directly links buyers and suppliers, AR and AP departments. “There are just too many people...

Cross-border Payments
Employers Extend Payroll Benefits to Cheaper Financial Services for Workers
November 09, 2022

With more and more companies hiring remotely and employing workers located in areas under different local laws and anti-money laundering regulations, processing international payroll payments has become more complex in recent years. This has made the role of last-mile partners critical, according to Eynat Guez,...

B2B Payments
B2B Commerce Firm Kibo Debuts Platform in AWS Marketplace
November 08, 2022

Composable commerce provider Kibo has announced that its commerce platform is now available in Amazon Web Services’ AWS Marketplace.  With the products available on this digital catalog of software that runs on AWS, retailers can now deploy them in a matter of minutes, Kibo said...

Regulation
Russian Central Bank Eyes Digital Asset Rules
November 08, 2022

Russia’s central bank is reportedly considering new regulations and rules for taxing non-fungible tokens (NFTs), smart contracts and trading digital assets.  The Bank of Russia published these findings in a report that was released Monday (Nov. 7) and that is open to comments until Dec....

Investments
Mexican B2B Payment Firm Mendel Raises $60M
November 08, 2022

B2B payments company Mendel has raised $60 million in a new funding round and said it plans to use the new capital to accelerate the development of its corporate spend management platform in the Mexican market.  This funding round was the company’s first since one...

Delivery
DoorDash and Google’s Wing Launch Drone Delivery Pilot in Australia
November 08, 2022

Google is leveraging DoorDash to move into on-demand delivery. The aggregator announced Tuesday (Nov. 8) that it is trying out automated drop-off via skyway in Australia in partnership with Google parent company Alphabet’s drone delivery subsidiary Wing. The two companies are pilot testing the program...

Faster Payments
Procore Introduces Tool to Speed Up Slow Construction Payments
November 08, 2022

Construction management software provider Procore has launched a tool it says will help solve a perennial problem in its industry: slow payments. Procore Pay, built in partnership with Goldman Sachs, is a payment functionality built into the Procore platform, the company said in a news...