On The Web

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Domains

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

November 6 2018

• in
• B2B
• 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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Domains

Banks Struggle With Global Payments That Look Easy for Venmo

November 2 2018

• in
• B2B
• Cross-border payments
• Global Payments

“Payment apps — such as Chinese juggernauts Alipay and WeChat Pay — are making the movement of money look so easy that banks’ biggest customers are losing patience with the global patchwork that’s handled their funds for decades. Such apps have barely started serving multinationals, but their presence is putting pressure on financial firms to […]

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Domains

YES BANK introduces API-based Digital NACH for corporate clients

December 3 2018

• in
• B2B
• India

“With the Indian payment industry entering the next level of transformation with the National Payments Corporation of India’s (NPCI’s) National Automated Clearing House (NACH), YES BANK aims to fully support the new clearing service aiding corporates with APIs to integrate with their payment systems to accept online NACH mandates at their respective payment gateways instantly.”

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Domains

Belgium first EU market to join Alibaba e-trade initiative

December 6 2018

• in
• B2B
• Cross-border payments

“Belgium has signed up to be part of Alibaba Group’s Electronic World Trade Platform (eWTP), becoming the first European Union market to support the Chinese e-commerce operator’s pitch to establish digital free-trade hubs. Plans include a shipping hub and efforts to facilitate direct imports of Belgian products.”

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Deals

Santander smartly acquires invoicing and expenses app Albert

December 18 2018

• in
• B2B

“Santander has acquired Albert, the invoicing and expenses app for freelancers and micro-businesses, which is used by freelancers and micro enterprises in the UK.”

On The Wires

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Domains

Visa Collaborates with Billtrust to Help Launch Business Payments Network and Redefine Digital B2B Payments

November 5 2018

• in
• B2B

“Visa (NYSE: V) and Billtrust today announced that they are collaborating on Billtrust’s Business Payments Network (BPN), which is designed to streamline the delivery of electronic B2B payments to suppliers. As a unique supplier-driven B2B payments network, BPN provides a transparent registry of suppliers who accept digital payments, giving buyers and financial institutions the necessary […]

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Deals

Tradeshift Acquires Babelway, a Key Innovator of Cloud Integration Technology

December 18 2018

• in
• B2B

“Tradeshift, the leader in supply chain payments and marketplaces, today announced it has acquired Babelway, a key innovator of cloud integration technology. For years, Babelway has provided a standardized way for the world’s largest businesses to connect disparate systems with ease and speed. Now, the company has joined forces with the world’s largest business commerce platform, […]

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Domains

Bill.com Partners With First National Bank of Omaha (FNBO) to Offer Enhanced Digital Business Payments Solutions

November 28 2018

• in
• B2B

“Bill.com, the digital business payments leader, and First National Bank of Omaha (FNBO), today announced a partnership to offer the bank’s customers digital back office automation with digital business payment services. This partnership makes FNBO one of the first regional banks to offer small and commercial business customers digital accounts payable (AP) and accounts receivable […]

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Domains

Extend Joins Visa Ready Program for Business Solutions

December 18 2018

• in
• B2B

“Extend, a digital credit card distribution platform backed by Point72 Ventures, has been registered under the Visa Ready Program for Business Solutions, a strategic framework to help technology companies that integrate with Visa’s business-to-business (B2B) payment services and data solutions ensure that they meet Visa’s standards.”

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Domains

Invoiced Announces New Smart Chasing Engine for Fully Automated, Fully Customizable Billing Communications

December 20 2018

• in
• B2B

“Invoiced, the leading solution for Accounts Receivable Automation, today announced its breakthrough Smart Chasing Engine for creating fully automated, fully customizable billing communications sequences that help businesses get paid faster, provide a better customer experience and spend less time on accounts receivable.”