On The Web

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Domains

MineralTree Offers Businesses An Alternative To Paper Checks

April 1 2019

• in
• B2B

“More than 70% of payments by middle market ($5 million to $500 million) businesses in America pay their invoices by check. MineralTree is trying to change that.  BC Krishna, its founder and CEO, wants to move those payments onto electronic rails with commercial virtual credit cards. He has chosen credit cards as the most convenient […]

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Domains

Faster Payments Is Pressuring Businesses to Dump Checks

May 1 2019

• in
• B2B

“In the business-to-business world, checks have long been the preferred method of payment, but the rise of electronic options is changing the payables landscape. While checks still account for 51% of B2B payments, check usage has fallen by 30% since 2004. And it’s projected to be overtaken by electronic payment methods in 2020. Given the […]

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Domains

JP Morgan Picks Bora to Automate SUA B2B Payments

May 8 2019

• in
• B2B

“With Bora’s Payer Direct Hub (PDH) on board, JP Morgan’s clients will be able to encourage suppliers to adopt virtual card payments. The platform aims to streamline the accounts receivable process, cut costs and improve cash flow with straight-through transaction processing and remittance posting of virtual card payments to suppliers.”

On The Wires

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Domains

Tipalti Introduces Multi-FX Solution to Further Streamline Global Payables

February 26 2019

• in
• Accounts Payable
• B2B

“Tipalti, the leading global payables automation platform, today announced Multi-FX, a new offering that further streamlines the global payables process for modern finance teams. The solution gives Tipalti customers the ability to fund their virtual Tipalti account once in a single currency, and then easily convert that money to the necessary local currency before payouts […]

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Domains

Bill.com Eliminates Wire Transfer Fees for Businesses Paying Internationally in Local Currencies

February 20 2019

• in
• B2B
• Cross-border payments

“Bill.com, the digital business payments leader, today announced it is eliminating wire transfer fees for businesses paying electronically in local currencies using its International Payments solution. Businesses can now save time and even more money on the payments process while managing all their domestic and international payments in one simple workflow platform.”

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Domains

Accenture Introduces Circular Supply Chain Capability Using Blockchain, Digital Identity and Payments Techn

February 25 2019

• in
• B2B

“Accenture (NYSE: ACN) today introduced a circular supply chain capability that leverages digital identity, payments and blockchain to directly reward sustainable practices of small-scale growers and suppliers. To build upon this capability, Accenture is working with Mastercard, Amazon Web Services, Everledger and Mercy Corps to explore solutions that empower consumers, enable transparency and promote financial inclusion for small-scale […]

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Domains

Resolve Accelerates Shift to B2B ECommerce With Automated Net Payment Terms

April 23 2019

• in
• B2B

“According to Forrester Research, business-to-business (B2B) eCommerce is poised to reach over $1.8 trillion by 2023 . To help power this explosive growth, Resolve today announced that it has formally spun out of Affirm to launch an automated payments platform offering extended net terms. Early customers using Resolve’s payment automation technology have realized significant increases in […]

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Domains

Sabre and Visa to Expand B2B Virtual Payments for the Travel Industry

April 30 2019

• in
• B2B

“Sabre Corporation (NASDAQ: SABR ), a leading technology provider to the global travel industry, and Visa (NYSE: V ), today announced a partnership to support the growth of business-to-business (B2B) virtual payments in the travel industry. Under this agreement, travel buyers and suppliers will be able to pay and get paid with virtual Visa commercial cards, […]

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Domains

FIS Integrates Into Visa B2B Connect Platform

April 25 2019

• in
• B2B
• Distributed Ledger Technology (DLT)

“Visa Inc. and FIS are joining forces to enable FIS’ commercial financial institution clients to quickly and securely access the Visa B2B Connect platform globally. Visa B2B Connect will be available to FIS’ customers who are looking for an innovative, fast and transparent way to process high-value corporate, cross-border payments.  Visa B2B Connect is a distributed-ledger […]

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Domains

Mastercard Commercial Cardholders Get Even Greater Transparency Into Amazon Business Purchases

April 15 2019

• in
• B2B

“azon Business purchases, helps businesses better track expenses, expedite financial reconciliation and streamline the filing and auditing of expense reports. This product is currently available in Germany, the United Kingdom, and the United States for Mastercard commercial cards issued by Bank of America Merrill Lynch, Barclays Bank PLC, Citi, J.P. Morgan, Lloyds Bank, NatWest and […]