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.
Silo Technologies Raises $132 Million in New Capital
Silo Technologies Raises $132 Million in New Capital
July 12, 2023  |  Supply Chain

Silo Technologies, a provider of financial technology for distributors and grower shipper businesses in the perishable food supply chain, has raised $132 million in new...

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Ryder System Introduces Retail Mobile Maintenance for Commercial Fleets
Ryder System Introduces Retail Mobile Maintenance for Commercial Fleets
July 12, 2023  |  B2B Payments

Ryder System has introduced a service that offers businesses and fleet owners access to retail mobile maintenance with no long-term contracts. With the new service, Torque by...

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Car IQ and Visa Partner for In-Vehicle Merchant Payments
Car IQ and Visa Partner for In-Vehicle Merchant Payments
July 12, 2023  |  B2B Payments

Car IQ Inc. and Visa Inc. have teamed up for in-car transactions with merchants. The collaboration will bring Car IQ’s wallet, Car IQ Pay, along...

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Logistics Platform Raft Raises $30 Million to Enhance Automation Products
Logistics Platform Raft Raises $30 Million to Enhance Automation Products
July 11, 2023  |  Supply Chain

Raft has raised $30 million in Series B funding to further development of its artificial intelligence (AI)-powered logistics platform. The fresh capital will be put...

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Why Whack-a-Mole Risk Prevention Won’t Work in Today’s Data Economy
Why Whack-a-Mole Risk Prevention Won’t Work in Today’s Data Economy
July 11, 2023  |  Fraud Prevention

When it comes to digital risk, the best defense is a good offense. That’s because while firms may be feeling whiplash regarding the hyper-rapid advances...

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American Express Global Business Travel Simplifies Structure to Reduce Compliance Costs
American Express Global Business Travel Simplifies Structure to Reduce Compliance Costs
July 11, 2023  |  B2B Payments

American Express Global Business Travel has begun eliminating its umbrella partnership-C corporate (UP-C) structure. With the series of transactions it has undertaken to do so, all...

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Amazon and Freightos Prove Scale Critical in Race to Build Logistics-as-a-Service
Amazon and Freightos Prove Scale Critical in Race to Build Logistics-as-a-Service
July 11, 2023  |  Connected Economy

In the bid to transform logistics, to streamline the interplay that takes place to get goods from point A to point B, scale’s a key...

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Freightos Reduces Headcount by 13% in Operational Efficiency Plan
Freightos Reduces Headcount by 13% in Operational Efficiency Plan
July 11, 2023  |  Shipping

Freightos is reducing its headcount by 13%, or about 50 employees, as part of its plan to cut costs and boost efficiency. This operational efficiency plan...

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Company Data Silos Hinder Spend Management Success
Company Data Silos Hinder Spend Management Success
July 11, 2023  |  B2B Payments

There exists one golden rule of business operations: Any process can be streamlined. And quite frequently, it can be combined with other operations for a...

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