Payments News

On The Web

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MineralTree Offers Businesses An Alternative To Paper Checks

“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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Faster Payments Is Pressuring Businesses to Dump Checks

“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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JP Morgan Picks Bora to Automate SUA B2B Payments

“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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Mastercard Commercial Cardholders Get Even Greater Transparency Into Amazon Business Purchases

“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 […]
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Tipalti Introduces Multi-FX Solution to Further Streamline Global Payables

“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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Resolve Accelerates Shift to B2B ECommerce With Automated Net Payment Terms

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

“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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Troovo Launches Travel Industry B2B Digital Payments Solution

“Troovo , the world’s leading digital B2B payments processing company for the travel industry, today announced the launch of a complete, end-to-end solution that will automate enterprise payments across any ERP system, credit card processor, bank or currency. Using its rules-based robotics process automation (RPA) technology, Troovo helps companies integrate their disconnected vendor payment systems, […]
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Unisys and PayCargo Partner to Integrate Payment Processing Capabilities Into Unisys’ Award-Winning Cargo Software and Services

“Unisys Corporation (NYSE: UIS ) and PayCargo , LLC, a provider of electronic invoicing and settlement solutions for the shipping industry, today announced an agreement to integrate Unisys’ award-winning Digistics™ cargo software solutions with PayCargo payment processing capabilities to deliver enhanced cargo processing to airlines, freight forwarders and importers.”
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FIS Integrates Into Visa B2B Connect Platform

“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 […]