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.
Merchant Lynx Acquires NCCP to Expand Into Trucking and Construction
Merchant Lynx Acquires NCCP to Expand Into Trucking and Construction
July 06, 2023  |  Acquisitions

Merchant acquirer Merchant Lynx Services says it is expanding into new industries. To that end, the Florida-based company has purchased National Credit Card Processing Group (NCCP), according to a...

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TaxBandits Launches Feature to Streamline Tax Preparation for US Businesses
TaxBandits Launches Feature to Streamline Tax Preparation for US Businesses
July 06, 2023  |  Taxes

Tax preparation service TaxBandits has rolled out an e-filing solution to streamline tax preparation for businesses in the U.S. The new solution will ensure that...

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Afreximbank and Fiducia Partner on Supply Chain Finance in Africa
Afreximbank and Fiducia Partner on Supply Chain Finance in Africa
July 06, 2023  |  Partnerships

Afreximbank and Fiducia have partnered to address the “supply chain finance gap” in Africa. The bank and the supply chain financing firm have formed a strategic partnership in which Afreximbank...

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BP Joins the Race to Create and Scale a Digital Fleet Payments Ecosystem
BP Joins the Race to Create and Scale a Digital Fleet Payments Ecosystem
July 06, 2023  |  Digital Payments

Fuel is at the center of the ecosystems that are changing fleet management, and by extension, logistics. In just one of the latest examples, BP began its digital...

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Only 17% of Small Firms Are Reaping Benefits of Automating Accounts Receivables
Only 17% of Small Firms Are Reaping Benefits of Automating Accounts Receivables
July 06, 2023  |  Accounts Receivable

Accounts receivable (AR) automation is transforming corporate finance operations by providing enhanced efficiency, speed and accuracy in payments handling. However, the adoption of AR automation...

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CADDi Raises $89 Million to Expand Procurement Platform and Cloud Service
CADDi Raises $89 Million to Expand Procurement Platform and Cloud Service
July 05, 2023  |  Supply Chain

CADDi has raised $89 million in Series C funding for its solutions for the manufacturing sector. The company will use the new funding to enhance the...

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IFC and Thai Credit Partner to Help Small Businesses
IFC and Thai Credit Partner to Help Small Businesses
July 05, 2023  |  Partnerships

International Finance Corporation (IFC) and Thai Credit Retail Bank have partnered to help small businesses in Thailand. As a global development institution that is a member of...

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BP Begins Rollout of Digital Payments Solution for Fleets
BP Begins Rollout of Digital Payments Solution for Fleets
July 05, 2023  |  B2B Payments

BP has begun its rollout of a digital payments solution for fleets. The energy company’s new BP In-Truck Connect is being launched in the United Kingdom with Mercedes-Benz...

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Meta Platforms and nsKnox Partner on B2B Payment Security
Meta Platforms and nsKnox Partner on B2B Payment Security
July 05, 2023  |  B2B Payments

Meta Platforms has selected nsKnox to ensure B2B payment security. nsKnox, a provider of global bank account validation and B2B payment security, and its PaymentKnox for Accounts Payable (AP)...

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