On The Web

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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 […]

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Domains

Crunch Time: It’s Time For B2B Invoices To Be Paid Instantly

July 24 2018

• in
• Artificial intelligence (AI)
• B2B

“In the B2B space, many of the inconveniences of paper cheques continue to plague businesses: lost time, wasted effort, and lack of certainty. B2B commerce relies on the use of payment terms, where goods or services are delivered but paid for at a later date. Imagine walking out of Starbucks with a coffee and saying, […]

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Companies

Business Payments Directory Association Teams With Discover For Blockchain PoC

August 3 2018

• in
• B2B
• Blockchain
• Discover

The US-based Business Payments Directory Association (BPDA) has partnered with Discover Financial Services to develop a proof of concept (PoC) platform for its B2B directory built on blockchain technology. BPDA’s directory offers a searchable database of electronic payments information for business transactions. “Despite payments advancements, cheques are still the dominant form of payment for B2B payments,” says Lawrence […]

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Companies

Amazon Makes Good on Business-to-Business Threat

September 12 2018

• in
• Amazon
• B2B

“On Tuesday, it said that platform, Amazon Business, had hit an annualized rate of $10 billion in global sales. That compares with $1 billion in U.S. sales in its first year of existence before Amazon expanded the platform into other countries including the U.K., Germany and Japan. For context, W.W. Grainger Inc., the largest U.S. industrial […]

On The Wires

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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.”

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Domains

Bill.com Introduces International Business Payments

July 11 2018

• in
• B2B
• Cross-border payments

“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 […]

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Domains

Mastercard Introduces Mastercard Track™ to Make the Business of Doing Business Easier

September 12 2018

• in
• B2B

“Mastercard (NYSE:MA) today introduced Mastercard Track™ in collaboration with Microsoft (NASDAQ:MSFT). Track is a unique global trade platform that will simplify and enhance how companies around the world do business with each other.While parts of the B2B process have been digitized, large and costly gaps still remain – an estimated $500 billion in annual administrative costs and rising1. […]

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Companies

TD Bank Adopts Bottomline Technologies’ Paymode-X with Visa Payables Solutions

September 18 2018

• in
• B2B
• Financial institutions
• TD Bank

“TD Bank, America’s Most Convenient Bank®, announced today that it is collaborating with Bottomline Technologies (NASDAQ :EPAY ), a leading provider of financial technology that helps make business payments simple, smart and secure, to offer Paymode-X with Visa Payables Solutions to its U.S. business banking customers.”

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Companies

Visa and WEX Team Up To Offer Choice And Versatility To Commercial Payments Customers

July 25 2018

• in
• B2B
• Cards
• Visa

“Visa Inc. and WEX Inc., a leading provider of corporate payment solutions, today announced a new relationship, uniting two of the world’s biggest commercial B2B payment solutions. As part of this arrangement, WEX and their corporate payment customers have the ability to use a Visa virtual credit card to enable global business-to-business (B2B) payments, thereby […]

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Companies

Basware Launches NetworkPay for Supplier Payments

August 9 2018

• in
• B2B

“Basware NetworkPay is a seamless, easy to deploy, integrated payment solution that allows organizations to make check, ACH, virtual card and wire payments from a single application – allowing buyers to eliminate manual payment processes and to take advantage of early payment discounts suppliers offer. The new Basware offering saves time, reduces costs and increases […]