Automation/page/2 news and trends

Treasury Department to Use ‘Automation and Innovation’ to Fight Illicit Finance
AML // May 16, 2024

The Department of the Treasury has outlined the priorities it will pursue this year to step up the fight against illicit finance. The agency aims to increase transparency, leverage partnerships and support responsible technological innovation, it said in a Thursday (May 16) press release announcing the publication of its “2024...

Emburse Adds Notifications of Better Hotel Rates for Business Travelers
Travel Payments // May 14, 2024

Emburse now enables business travelers to receive automated notifications when there is a better rate available at their hotel or at a comparable hotel. These notifications are delivered within the Emburse Go Premier travel companion app and enable travelers to rebook without having to leave the app, the provider of travel and expense software said in a Tuesday...

Fifth Third and Bottomline Debut Enhanced Payables Tool
Partnerships // May 14, 2024

Fifth Third Bank is working with business payments provider Bottomline to offer new payment options. The companies debuted of Enhanced Payables — powered by Bottomline and its business payments network, Paymode-X — designed to help customers streamline their payment processes and enhance cash flow management and efficiencies, according to a Tuesday (May 14)...

Digital Payments Help Construction Firms Overcome Manual Misery
Digital Payments // May 09, 2024

The construction industry is a critical one, but it has a giant problem: late payments. In a sector where cash flow couldn’t be more important to firms’ survival, slow and delayed payments in the construction space cost businesses $273 billion in 2023 — representing nearly 14% of total construction costs, up from...

Interviews & Exclusives
Government Mandates Will Force Business Payments Modernization

May 20, 2024
Change is inevitable, and businesses that initiate change have the best opportunity to manage it. That’s why embracing payments modernization is so important for organizations, particularly with the future of payments looking increasingly digital, immediate and secure — no matter where you’re sitting. “One of the most exciting things about the payments industry is the pace of […]

Digital Payments Help Construction Firms Overcome Manual Misery

May 09, 2024
The construction industry is a critical one, but it has a giant problem: late payments. In a sector where cash flow couldn’t be more important to firms’ survival, slow and delayed payments in the construction space cost...

Experts Say OpenAI and Amazon Are Keepin’ It Real for AI

May 08, 2024
In a world increasingly flooded with artificial intelligence-generated content, tech behemoths are now locked in a high-stakes battle to develop cutting-edge tools that distinguish between what’s real and what’s not....

Payment Diversification Creates Winning Formula for Merchants

May 08, 2024
There’s no place like home, particularly when it comes to preferred payment mechanisms. That’s why businesses looking to expand internationally need to ensure that their strategic approach includes diversification of payment methods and the...

Quick Reads
Treasury Department to Use ‘Automation and Innovation’ to Fight Illicit Finance

May 16, 2024
The Department of the Treasury has outlined the priorities it will pursue this year to step up the fight against illicit finance. The agency aims to increase transparency, leverage partnerships and support responsible technological innovation, it said in a Thursday (May 16) press release announcing the publication of its “2024 National Strategy for Combating Terrorist and Other Illicit Financing.” One […]

Emburse Adds Notifications of Better Hotel Rates for Business Travelers

May 14, 2024
Emburse now enables business travelers to receive automated notifications when there is a better rate available at their hotel or at a comparable hotel. These notifications are delivered within the Emburse Go Premier travel companion app and enable travelers...

Fifth Third and Bottomline Debut Enhanced Payables Tool

May 14, 2024
Fifth Third Bank is working with business payments provider Bottomline to offer new payment options. The companies debuted of Enhanced Payables — powered by Bottomline and its business payments network, Paymode-X — designed to help customers streamline their...

TranscendAP Launches as New AP Automation Company

May 08, 2024
TranscendAP, which has been a business unit of Optima Global Solutions since 2018, is now operating as a newly formed company. The firm was launched by Optima Global Solutions and TranscendAP co-founder...