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.
Tax Reporting Season Updates and Digital IDs Present Challenges for Businesses
Tax Reporting Season Updates and Digital IDs Present Challenges for Businesses
December 12, 2023  |  Taxes

Wendy Walker, solution principal at Sovos, said changes to IRS reporting that help identify firms may catch some businesses unaware.  As Walker illustrated in a...

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Swift Completes Successful Test of Global Trade Interoperability Solution
Swift Completes Successful Test of Global Trade Interoperability Solution
December 11, 2023  |  Cross Border Commerce

Swift has successfully tested a global trade interoperability solution in collaboration with BNY Mellon, Deutsche Bank and four electronic bills of lading (eBL) platforms. This solution has the...

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Payroll Firms Partner to Launch Payrocks to Offer Local Expertise
Payroll Firms Partner to Launch Payrocks to Offer Local Expertise
December 11, 2023  |  Payroll

Seven European payroll firms have launched a partnership aimed at sharing their expertise. Dubbed “Payrocks,” the group was launched to “deliver high-quality HR services through...

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Priority Partners With Treasure Financial on Treasury Management Options 
Priority Partners With Treasure Financial on Treasury Management Options 
December 11, 2023  |  Partnerships

Priority Technology Holdings has partnered with Treasure Financial to provide Priority’s customers with investment and treasury management options.  With this partnership, Priority’s commerce solutions will integrate with Treasure...

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HitPay Unveils Mass Payouts for Businesses in Southeast Asia
HitPay Unveils Mass Payouts for Businesses in Southeast Asia
December 11, 2023  |  Payment Methods

Commerce infrastructure provider HitPay has debuted mass payouts in three new countries. Business customers in Singapore — where HitPay is based — Malaysia and the Philippines can now...

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A Third of Retail SMBs Don’t Use Credit for Working Capital but Want To
A Third of Retail SMBs Don’t Use Credit for Working Capital but Want To
December 08, 2023  |  SMBs

Small- to medium-sized businesses (SMBs) facing limited access to funding are turning to external sources to finance their operations. However, access to credit remains a...

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B2B ‘Personas’ Help Identify Payments Frictions and Solutions 
B2B ‘Personas’ Help Identify Payments Frictions and Solutions 
December 08, 2023  |  B2B Payments

Business-to-business (B2B) organizations striving for simplicity and a better customer experience have no shortage of cues for the way things could be improved. Alisa Ellis,...

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Spotify Seeks New CFO as Company ‘Enters a New Phase’
Spotify Seeks New CFO as Company ‘Enters a New Phase’
December 07, 2023  |  Streaming

Spotify has announced that it is seeking a new chief financial officer as the company “enters a new phase.” CFO Paul Vogel will leave Spotify on...

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Will 5G Make 2024 the Industrial Economy’s Most Connected Year Yet?
Will 5G Make 2024 the Industrial Economy’s Most Connected Year Yet?
December 07, 2023  |  Connected Economy

5G broadband networks are viewed by many as a business-first digital innovation and enterprise revolution. And that isn’t because, from a consumer standpoint, 5G networks...

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