Payments News

On The Web

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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 […]
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Domains

Startup Plies Niche Market in Foreign Trade Payments

“Indeed, as dividends in the business-to-consumer online sector begin to taper off, more e-commerce services are moving upstream into the burgeoning and more lucrative business-to-business sphere. A number of startups in the financial technology realm have been pioneers of this shift. In a contrast to fintech firms that specialize in risk assessment and control for […]
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Deals

Tradeshift raises $240M and appears to put its expected IPO on hold — for now

“What this new funding means it that Tradeshift is effectively delaying its IPO to get its “house in order” in the context of a new economic environment that has become skeptical toward tech IPOs in the wake of the WeWork debacle, which saw public investors cool toward new tech company listings. Although the company isn’t […]

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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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, […]
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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

Citi and PayPal Extend Partnership to Institutional Payments

“Citi clients will now have the added option of being able to pay directly into PayPal digital wallets via Citi’s WorldLink cross-border payments platform. As a result, clients will gain greater payment choice, flexibility, and speed when making global payments. PayPal customers will benefit by receiving associated funds fast, directly into their PayPal digital wallets.”
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Domains

Paystand and JCB Sign Initial Agreement to Build B2B Payment Solution for $10 Trillion Japanese Market

“Paystand , the fastest growing blockchain-enabled commercial payments platform, today announced it has entered into an initial agreement with JCB Co., Ltd. to provide the first end-to-end digital payment platform for Japanese enterprises and JCB customers. The proposed solution addresses an enormous gap in the current B2B payment market in Japan and gives the corporate […]
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Deals

WEX Signs Definitive Agreement to Acquire ENett and Optal

“WEX (NYSE: WEX), a leading financial technology service provider, today announced that it has entered into a definitive agreement to purchase eNett, a leading provider of B2B payments solutions to the travel industry and Optal, a company that specializes in optimizing B2B transactions, for a total consideration of approximately $1.7 billion, including approximately $1.275 billion […]
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Domains

Discover and JAGGAER Launch B2B Payments Solution

“The Discover Global Network will support payments on JAGGAER ONE Platform’s vast network of more than 2000 customers and 4 million suppliers in 70 countries. Discover will work with JAGGAER to bring virtual card numbers as a solution in early 2020 followed by other payment method options later that year.”