Payments News

On The Web

nbsp;

Deals

Spendesk raises another $18 million for its corporate card and expense service

“Spendesk, as the name suggests, focuses on all things related to spend management. The company issues virtual and physical cards for employees, lets you set up an approval workflow and manages expense reimbursements. It can also centralize all your invoices and receipts on the platform. By centralizing everything on the same platform, it lets you […]
nbsp;

Domains

Visa Expands Acceptance of B2B Payments Using Stripe Connect

“Visa, the world’s leading digital payments technology company, has teamed up with Stripe, a technology company that builds the economic infrastructure for the internet, to introduce a new set of solutions to help businesses pay and be paid on time. The new solutions will be on the Visa Payables Automation platform, which allows buyers to […]
nbsp;

Domains

UK Businesses Face Fines for Late Payment of Suppliers

“Large British companies face fines or court orders if they fail to pay their smaller suppliers on time under plans being drawn up by the government. As part of a crackdown on large businesses that take months to pay suppliers, the powers of the small business commissioner look set to be substantially strengthened. Ministers will […]
nbsp; nbsp;

Domains

Ant Group Launches Blockchain Based-Platform to Help SMEs with Cross-Border Trade

“Ant Group, China’s largest digital payments provider by volume, has launched a blockchain-backed smart contract platform for cross-border trade by small and medium enterprises (SMEs), helping them and banks to speed up the secure processing and settlement of orders. Ant, the operator of mobile payments app Alipay, launched Trusple at the INCLUSION Fintech Conference in Shanghai on […]

On The Wires

nbsp; nbsp;

Deals

BlackLine Acquires Rimilia to Add AI-Powered Accounts Receivable Automation To Modern Accounting Platform

“BlackLine, Inc. (Nasdaq: BL ), a leader in accounting automation software, announced today that it has completed the acquisition of Rimilia , an AI-powered cloud-based platform that enables accounts receivable (AR) automation and digital transformation.  With Rimilia, BlackLine strengthens its position with the Office of the Controller by driving end-to-end automation of the cash lifecycle and ensuring greater data integrity.”
nbsp;

Domains

Boost Payment Solutions Partners with Visa to Increase Business Payments Acceptance via Dynamic Boost® Platform

“Boost Payment Solutions, Inc., the leader in optimizing the use and acceptance of commercial cards, announced today a strategic collaboration with Visa to provide Visa commercial card issuers, cardholders and suppliers with payment flexibility, straight through processing (STP) and automated reconciliation to expand commercial card use and acceptance.”
nbsp;

Domains

New Study Reveals Cash Is Still King Amid Pandemic, Fueling Investment in AP and AR Automation

“Bill.com, a leading provider of cloud-based software that simplifies, digitizes and automates complex back-office financial operations for small and midsize businesses (SMBs), today announced the findings of a study in collaboration with CFO Research, the research arm of CFO.com, that identifies cash flow management as the top driver of finance leaders’ investment in accounts payable […]
nbsp;

Domains

HighRadius Expands Relationship with Commerce Bank to Offer Full Suite of Integrated Receivables and Treasury Management Products

“HighRadius , a fintech enterprise Software-as-a-Service (SaaS) company specializing in automating the order-to-cash and treasury management processes, today announced an expanded strategic relationship with Commerce Bank that furthers the financial institution’s digital transformation offering to their clients. Corporate clients are looking for banks to help them modernize their accounts receivable and treasury operations. As a […]