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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Modernize your payments: More efficient means lower operations costs

“A Payments Canada study, in partnership with Ernst & Young LLP (EY Canada), quantified the current cost of payments processing for Canadian business to be between $3 billion and $6.5 billion annually. The research looked at current payment processes and identified inefficiencies, such as the manual handling of accounts receivables and payables among all sizes […]

On The Wires

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American Express and Bill.com Introduce Vendor Pay for Accounts Payable

“Today, American Express (NYSE:AXP) and Bill.com announced a strategic partnership with a new offering: American Express “Vendor Pay” by Bill.com. Vendor Pay couples automating your accounts payable (AP) process with the ability for businesses to seamlessly pay vendors with their American Express® Business or Corporate Card, without the hassle of setting up a new Card […]
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Invoiced Finishes 2018 Serving More Than 20,000 Customers and Automating More Than $40 Billion in Receivables

“As of the end of 2018, Invoiced is now serving more than 20,000 customers and has automated more than $40 billion in receivables on behalf of customers — helping them get paid faster, waste less time on collections and provide a better customer experience. In 2018 alone, Invoiced issued more than seven million invoices on behalf of […]
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Bill.com Eliminates Wire Transfer Fees for Businesses Paying Internationally in Local Currencies

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

“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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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 […]