B2B Payments

The highly complex payments processes and networks that power $120 trillion in payments flows that move between businesses globally each year. The B2B Payments ecosystem is undergoing a massive digital transformation as corporates move away from paper-based processes and payments methods to digital workflows that more efficiently move money and data between trading partners. These efficiencies give corporates more visibility into their cash position across their supply chain and innovations in accounts payments and receivables are helping buyers and suppliers to align on payments terms and trade credit.
UPS Acquires MNX to Enhance Time-Critical Logistics for Healthcare
UPS Acquires MNX to Enhance Time-Critical Logistics for Healthcare
September 28, 2023  |  Acquisitions

UPS has entered into an agreement to acquire MNX Global Logistics, a global time-critical logistics provider. This move aims to enhance UPS’ precision and capability in offering...

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Apron Raises $14 Million to Expand Business Payments Platform
Apron Raises $14 Million to Expand Business Payments Platform
September 28, 2023  |  SMBs

U.K. FinTech platform Apron is launching new small business products after raising $14 million. The Series A round, announced Thursday (Sept. 28), will help the London-based...

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Report: 40% of CFOs Cut Spending Due to Rate Hikes
Report: 40% of CFOs Cut Spending Due to Rate Hikes
September 28, 2023  |  CFO

A new survey finds a growing number of CFOs trimming spending due to higher interest rates. The survey, issued earlier this week by Duke University’s Fuqua School of...

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Deluxe and Aliaswire Team to Upgrade Bank Bill Payments
Deluxe and Aliaswire Team to Upgrade Bank Bill Payments
September 28, 2023  |  Digital Payments

Payments firm Deluxe has launched a digital bill payment partnership with FinTech Aliaswire. The collaboration, announced Thursday (Sept. 28), adds Aliaswire’s DirectBiller bill payment technology to Deluxe’s network of banks, partners and...

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Flexport CFO Resigns as Company Aims for Profitability
Flexport CFO Resigns as Company Aims for Profitability
September 27, 2023  |  Personnel

Logistics firm Flexport has lost two more high-level executives as it tries to regain profitability. Chief Financial Officer Kenny Wagers and Jennifer Boden, vice president of people tech and employee...

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Slope Raises $30 Million to Scale AI-Powered B2B Payments Platform
Slope Raises $30 Million to Scale AI-Powered B2B Payments Platform
September 27, 2023  |  Investments

Slope has secured $30 million in an equity round to scale its artificial intelligence (AI)-powered payments platform for B2B businesses. The round was led by...

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Visa Debuts Virtual Card Solution With Lloyds Bank
Visa Debuts Virtual Card Solution With Lloyds Bank
September 27, 2023  |  B2B Payments

Visa has teamed with Lloyds Bank to launch a virtual card solution for businesses. “Available now to Lloyds Bank customers, Visa Commercial Pay addresses businesses’ payments and purchasing...

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Bloomreach Adds Group Merchandising to B2B eCommerce Search Solution
Bloomreach Adds Group Merchandising to B2B eCommerce Search Solution
September 27, 2023  |  B2B Payments

Bloomreach has enhanced its eCommerce search solution with group merchandising and other new features that specifically cater to B2B merchandisers. These updates to Bloomreach Discovery aim to give...

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Shopify Teams With Faire on Wholesale Marketplace
Shopify Teams With Faire on Wholesale Marketplace
September 27, 2023  |  Partnerships

Shopify has teamed with B2B retail marketplace Faire, naming that company its “recommended wholesale marketplace.” The partnership also makes Shopify a shareholder in Faire, the companies announced...

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