commercial payments

BNY Mellon Unveils Cash Management Solution for Treasury Services Clients
BNY Mellon Unveils Cash Management Solution for Treasury Services Clients
January 29, 2024  |  Banking

BNY Mellon has unveiled its new cash management solution, called Virtual Account-Based Solutions. This offering aims to provide clients with enhanced access and control over...

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YouLend Expands Revenue-Based Financing Capacity by $5.1 Billion
YouLend Expands Revenue-Based Financing Capacity by $5.1 Billion
January 29, 2024  |  Investments

Global embedded finance platform YouLend secured a financing deal that will enable it to extend 4 billion pounds (about $5.1 billion) in additional revenue-based financing...

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Mid-Sized Firms Are Lagging in AP and AR Automation
Mid-Sized Firms Are Lagging in AP and AR Automation
January 29, 2024  |  B2B Payments

Automation of business processes among small and medium-sized businesses (SMBs) is traditionally behind the level of adoption shown by larger companies that have more economic...

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Logistics Startups Slash Jobs as Freight Volumes Drop
Logistics Startups Slash Jobs as Freight Volumes Drop
January 29, 2024  |  Transportation

Last year saw a surge in layoffs in the logistics sector as freight volumes declined. So far, 2024 isn’t shaping up to be much better for the...

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GenAI Levels the Payments Tech Playing Field for Small Businesses
GenAI Levels the Payments Tech Playing Field for Small Businesses
January 29, 2024  |  Artificial Intelligence

Artificial intelligence (AI) has been around for a while and has already made inroads in financial services, helping to automate back-office functions, and helping customers...

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Moving GenAI in Payments From Talking Point to Embedded Feature
Moving GenAI in Payments From Talking Point to Embedded Feature
January 29, 2024  |  artificial intelligence

From education to business to healthcare, the opportunities that artificial intelligence presents are limitless — at least according to proponents of the technology. But what...

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CFOs Focus on Profits as Working Capital Gets Pricey
CFOs Focus on Profits as Working Capital Gets Pricey
January 29, 2024  |  CFO

The secret of change isn’t in fighting the old, it’s in building the new. That’s an idiom that rings particularly true for the chief financial...

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Flexport Reportedly Plans to Lay Off 20% of Staff
Flexport Reportedly Plans to Lay Off 20% of Staff
January 28, 2024  |  Supply Chain

Supply chain logistics company Flexport is reportedly embarking on another sweeping round of job cuts. The firm plans to cut almost 20% of its staff — about 500...

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Proof Technology Raises $30.4 Million to Grow Litigation Services Platform
Proof Technology Raises $30.4 Million to Grow Litigation Services Platform
January 26, 2024  |  Investments

Proof Technology has secured $30.4 million in Series B funding to advance its online litigation services marketplace. This investment will enable the legal technology company to...

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