Payments News » B2B

Fintech Innovation Propels B2B Money Transfer Market to $218 Trillion by 2022

March 27 2018

in
B2B

“New findings from Juniper Research have concluded that the cross-border B2B money transfer market is ripe for disruption, as new technologies and legislative changes redefine traditional banking practices across the globe. Cross-border B2B transactions will exceed $218 trillion by 2022, up from $150 trillion this year. In comparison, global GDP was placed at just $77 trillion last […]

Domains

Fintech firm Previse targets late-payment problem

January 8 2018

in
B2B

“Its AI technology is designed to enable large firms to pay suppliers on the day they receive an invoice. It plans to start rolling out its first instant-payments programme with several blue-chip multinational buyers. The London-based firm’s technology calculates a buyer’s likelihood of paying an invoice. It then decides which invoices will be paid, so small […]

Domains

Five B2B Payment Stories To Look For In 2018

December 18 2017

in
B2B

“B2B payments will play a bigger role here. Scalable backends will need to consider paying in less rigid payment runs and schedules. Payments may need to be executed sooner and at much higher volumes than they had ever previously imagined. They’ll need to support more cross-border payment methods as suppliers become increasingly global. Essentially, “digital […]

Domains

EQT Acquires B2B Payment Transfer Business Banking Circle From Saxo Bank For $300M

July 9 2018

in
B2B

“EQT said that it plans to invest in the business to expand its product offerings and also help it move into more geographies. For now it will stay focused on B2B although it has also some sights on extending to consumer by way of its clients (in other words, B2B2C). Banking Circle currently processes about […]

Companies

UnionPay Cross-border B2B Payment Service Platform facilitates exports of SMEs in Yiwu

January 19 2018

in
B2B

“UnionPay International has announced that the official website of Yiwu Market ( www.yiwugou.com ) now connects to UnionPay Cross-border B2B Payment Service Platform. Purchasers outside mainland China are able to pay safely and conveniently with UnionPay cards issued overseas to buy goods at www.yiwugou.com. This cooperation between UnionPay International and the website will facilitate the cross-border trade […]

Domains

Global Exchange & Cambridge Global Payments Collaborate to Offer a New Service for Corporate Clients

December 22 2017

in
B2B

“The Global Exchange invoice automation solution is commensurate with quality and workflow advantages that many Cambridge clients will benefit from, and will soon become familiar with, “powered by Global Exchange.” “Clients will gain from the 20 plus years of international payments and workflow integration Global Exchange is widely known for, while experiencing the accuracy and […]

Domains

Truckstop.com’s Payment Platform, LoadPay, Integrates with MercuryGate TMS

March 28 2018

in
B2B

“The MercuryGate and LoadPay integration provides users with a turnkey payment platform to increase back-office efficiencies and provide simplified payment reconciliation. This integration also allows for increased visibility and control on the broker’s and shipper’s side, and quick payment options for the carrier. This results in improved carrier retention and capacity generation, while creating a […]

Domains

MSTS Introduces Credit as a Service for Business

May 7 2018

in
B2B

“MSTS, a global B2B payment and credit solutions provider, today introduced Credit as a ServiceTM (CaaS). The innovative solution is a suite of applications and services that enables companies to access robust payment and credit solutions, sophisticated managed services and smart integrations to power global commerce.”

Domains

PayStand Announces B2B Payments Integration with SuiteCloud, Achieves ‘Built for NetSuite’ Status

April 23 2018

in
B2B

“PayStand, the B2B payment platform for the future of business, has achieved ‘Built for Netsuite’ status. Announced at SuiteWorld Las Vegas, the new SuiteApp integrates and automates entire NetSuite-based financial processes by automating the $550 billion worth of transactions stuck in pre-internet paper, plastic and manual processes.”

Domains

Bill.com Introduces International Business Payments

July 11 2018

“With Bill.com International Business Payments, users can now pay both international and domestic vendors electronically using one simple process, while getting visibility and control with detailed payment information all in one place. In addition to significant time savings, Bill.com saves its users over 50 percent on the cost of international wire transfer fees compared to […]