Payments News

On The Web

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Domains

COMMENTARY: The Rise of B2B E-Commerce Creates New Technology Openings

“Nearly half of today’s B2B buyers are millennials, driving a change in purchasing behavior where buyers prefer less interaction with sales teams and more of a shift to self-service. At the same time, many noted direct-to-consumer brands that have built successful B2C business like Casper and Peloton are now turning to B2B strategies to overcome […]
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Deals

Razorpay Lands $75M Funding Led by Ribbit Capital

“Razorpay has raised $75 million (about ₹525 crore) in its latest round of equity financing, led by financial technology-focused investment firm Ribbit Capital, which will see the Bengaluru-based business-tobusiness payment solutions company double down on its new business lines.”
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Domains

Bento For Business Goes After Checks With Bento Pay

“Aiming to bring the ease of peer-to-peer payments to the business class, Bento for Business announced the launch of Bento Pay, a payment service that eliminates the need for business owners to write checks. The service, which will be available in July, enables business owners to make and receive payments with an email address. The […]
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Domains

Mastercard Partners With OpenText to Increase Financial Efficiencies in the Supply Chain

“Global payments technology giant Mastercard announced today that it is partnering with Ontario-based Enterprise Operations Management firm OpenText. The two firms will, according to a press release, collaborate on advancing a connected and scalable digital ecosystem, allowing companies irrespective of size, location or technical capability to build increased trust and security into trading partner relationships.”
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Domains

Treasurers See Plenty of Use Cases for Real-Time Payments, And They’re Writing Fewer Checks

“Corporate treasurers can identify numerous use cases for real-time or otherwise faster payments, but they do worry about transaction security, according to the Association for Financial Professionals. Some 60% of respondents surveyed in the AFP’s newly released 2019 payments study said business-to-business transactions will benefit the most from faster and real-time payment systems, with consumer-to-business […]

On The Wires

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Domains

Mastercard™ Track to Modernize $125 Trillion Global B2B Payments Market

“Mastercard launched Track in 2018 as a trade platform to address identity, compliance and payment management needs. As a secure, permissioned repository of more than 210 million registered entities worldwide, the trade directory is a central component to the expanded suite of products and services. Track will now encompass all current and future B2B payment […]
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Companies

American Express Expands Suite of Global Business Payment Capabilities Through Acquisition of Acompaytm

“American Express  today announced it signed an agreement to acquire acompaytm, a best-in-class, digital payment automation platform from ACOM Solutions, Inc. , that helps business customers make supplier payments easily and securely, manage business spend, and improve cash flow.“acompaytm will be the newest addition to a series of B2B payment collaborations, strengthening our accounts payable automation […]
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Domains

Coupa Partners With PayPal to Offer New Payment Solutions

“The latest integration enables Coupa Pay users with more flexibility when paying PayPal-enabled suppliers, consequently ensuring hassle-free and secure online payment experience for buyers and suppliers. Coupa Pay solution offers an optimized “one-stop-shop” for the company’s all B2B payment processing and transaction thereby increasing visibility and control. We believe the integration is aimed at providing […]
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Domains

Visa and J.P. Morgan Help Businesses Make Payments Faster With Billtrust’s Business Payments Network

“Visa and Billtrust today announced that J.P. Morgan will utilize Billtrust’s Business Payments Network (BPN) , streamlining the delivery of electronic B2B payments for J.P. Morgan Commercial Card clients. Participating clients will now be able to utilize BPN’s connected platform of suppliers to send and receive digital payments more efficiently and quickly.According to Levvel Research, […]