Payments News

On The Web

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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 […]
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Tech

Deutsche Bank buys stake in Modo to expand payments biz to non-bank platforms

“Founded in 2010, Dallas-based Modo works to reduce friction in the payments industry through technology that creates interoperability between systems, without needing changes to those systems. Deutsche Bank says that Modo’s technology will help it expand its existing digital B2B and B2C payments business. In particular, it will help extend payments into non-bank payment platforms such […]

On The Wires

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Use

Tipalti Accelerates Steep Growth Trajectory, Surpassing $5 Billion in Annual Transactions and 3 Million Suppliers on Payables Platform

“Tipalti, the leading global payables automation platform, today announced that it has surpassed $5 billion in annual transactions, with over 3 million suppliers onboarded on the platform. These milestones came as Tipalti more than doubled new business bookings in Q2 2018 versus Q2 2017 and became licensed as a Money Transmitter in every state in […]
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