Payments News


How Two New Collaborations Could Speed up the Move Toward Digital B2B Payments

“Payments between businesses have long remained ensnarled in paper processes that consumer payments have largely left behind, but lately signs have emerged that technology is at work streamlining business-to-business transactions. On Monday, fleet-fueling and corporate-payments specialist WEX Inc. said it will work with American Express Co. to allow clients to make payments via virtual cards with both one-time and multiple-time use capability. At the same time, Visa Inc. announced it is teaming with billing-services provider Billtrust to develop a network that can enable electronic payments to corporate suppliers.”