Today in B2B payments, Square and LegalZoom are getting together to streamline SMB payments, and PYMNTS research shows 15% of B2B receivables are overdue. Plus, Comdata and RoadSync are teaming up to pair mobile payments and checkout platforms, while Katanox and Oracle are helping hoteliers and travel sellers get together.
Logistics FinTech RoadSync Links Comdata’s Mobile Payments Suite With Checkout Platform
Comdata recently teamed up with digital logistics FinTech provider RoadSync to streamline mobile payments for warehouses, distribution centers and similar places.
Comdata’s Fleet Cards and Comcheks will be used with RoadSync Checkout to expedite routine business expense payments for truckers and carriers and transfer funds directly and process payments. RoadSync will also help drivers access new ways to pay for maintenance and roadside assistance.
Square, LegalZoom Team on SMB Payment Solution
Legal, compliance and tax online platform LegalZoom.com has joined forces with Square to improve point-of-sale (POS) payment software for small- to medium-sized businesses (SMBs).
LegalZoom customers can access preferential pricing on Square offerings, improve SMBs’ management of their operations and get financing.
Katanox, Oracle Hospitality Team to Connect Hoteliers, Travel Sellers
Katanox, a B2B marketplace for travel accommodations and sellers, is pairing with hospitality management platform Oracle Hospitality to help clients more easily reach travel sellers by helping hotels and similar companies distribute inventories with new travel sellers.
The partnership “enhances each company’s offerings” and helps accommodation suppliers to sell rooms and control their own businesses.
New Research Shows 15% of B2B Receivables Are Overdue
About 15% of B2B receivables are overdue, according to the B2B Payments Innovation Readiness report, a PYMNTS and American Express collaboration.
Larger firms that generate more than $500 million in annual revenue say 16.0% of their B2B receivables are overdue, compared to 14.3% for mid-sized firms that bring in between $50 million and $500 million, and 13.8% for small firms that generate less than $50 million in annual revenue.
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