AvidXchange and MIP Fund Accounting by Community Brands partnered to provide a fully digitized invoice-to-pay process to nonprofit groups. With this collaboration, AvidXchange’s accounts payable (AP) automation solution has been integrated into MIP’s cloud-based, software-as-a-service (SaaS) fund accounting solution for nonprofits and government organizations and will be offered to MIP’s 6,000 customers, the...
Teal raised $8 million in seed funding to build its accounting infrastructure for vertical software-as-a-service (SaaS) businesses. The company’s APIs and tools allow these businesses to build their own accounting suites to offer to their small- to medium-sized business (SMB) customers, Teal said in a Monday...
Digital payments company Aeropay has raised $20 million in new financing. The company, which specializes in pay-by-bank, announced the Series B funding in a Thursday (May 16) press release, saying it would use the financing to develop new products, enhance strategic partnerships and “explore greenfield opportunities.” Aeropay, which got its...
Back in October, the Consumer Financial Protection Bureau (CFPB) made public a new rule about data and data sharing. And it wasted no time signaling the intent behind it. In a press release issued Oct. 19, the CFPB said Rule 1033 “would accelerate a shift toward open banking, where consumers would have control...
May 07, 2024
Back in October, the Consumer Financial Protection Bureau (CFPB) made public a new rule about data and data sharing. And it wasted no time signaling the intent behind it. In a press release issued Oct. 19, the CFPB said Rule 1033 “would accelerate a shift toward open banking, where consumers would have control over data about their financial lives and would gain new […]
April 10, 2024
There’s no shortage of damage payments and social engineering fraud can do to a company as well as its member relationships. Creating silos within an organization usually isn’t one of...
April 03, 2024
Shadi Saifan, vice president of engineering at NCR Voyix, told PYMNTS in an interview that bridging the gap between the promise of open banking and making that promise a reality is...
March 18, 2024
Embedded payments, embedded lending and a continuing shift to virtual cards all demand a reconsideration of technical infrastructure. Banks, grappling with legacy back-end systems, and FinTechs, seeking to innovate within...
May 23, 2024
AvidXchange and MIP Fund Accounting by Community Brands partnered to provide a fully digitized invoice-to-pay process to nonprofit groups. With this collaboration, AvidXchange’s accounts payable (AP) automation solution has been integrated into MIP’s cloud-based, software-as-a-service (SaaS) fund accounting solution for nonprofits and government organizations and will be offered to MIP’s 6,000 customers, the companies said in a Thursday (May 23) press release. “We’ve been […]
May 20, 2024
Teal raised $8 million in seed funding to build its accounting infrastructure for vertical software-as-a-service (SaaS) businesses. The company’s APIs and tools allow these businesses to build their own accounting suites...
May 16, 2024
Digital payments company Aeropay has raised $20 million in new financing. The company, which specializes in pay-by-bank, announced the Series B funding in a Thursday (May 16) press release, saying it would use the financing...
May 02, 2024
Payments firm Orum has debuted a tool to help clients prevent failed payments. No Code Verify, announced Thursday (May 2), lets businesses and institutions determine if a bank account is open and...
