Today in B2B payments, Payoneer and Fiserv streamline cross-border payments, while Dave Clark is moving from CEO of Amazon Worldwide to lead logistics firm Flexport. Plus, Fiserv adds digital check payouts through Carat, and Modulr launches real-time European business payments offering.
Ex-Amazon WW CEO Clark to Head Supply Chain Firm Flexport
Less than a week after he departed from the role of CEO of Amazon Worldwide, Dave Clark said he is taking on the same position at logistics firm Flexport in September. Based in San Francisco, Flexport offers services in transportation, trade management and logistics management.
Amazon announced last week that Clark would step down from his role as chief executive of Amazon Worldwide Consumer as of July 1, after 23 years with the company.
B-Stock, ReverseLogix Team Up on Streamlined Returns Management
End-to-end returns management platform ReverseLogix on Wednesday (June 8) partnered with B2B reCommerce marketplace B-Stock to streamline the product return process, according to a joint press release.
“In today’s eCommerce-driven world, returns management is critical to improving profitability and delivering a superior customer experience,” said Gaurav Saran, CEO of ReverseLogix, in the announcement.
Global eCommerce sales are estimated to exceed $7 trillion by 2025, according to Statista, making reverse logistics technology a significant opportunity for organizations as part of their customer experience after the initial point of sale.
Fiserv Adds Digital Checks to Payout Options
Financial services tech company Fiserv said it has expanded the portfolio of payout options for businesses using its Carat operating systems to include digital checks.
Digital payouts at Fiserv are part of the company’s Carat operating system, which lets clients offer their customers the ability to choose their preferred payout methods, including an ACH deposit to their bank account, a credit to their credit or debit card, prepaid card, or digital wallet or a check.
With the new offering, recipients who ask for a check can opt for a digital check that’s delivered via email in minutes. The customer can then print and deposit the check physically or digitally.
German B2B Payments Platform TIS Receives $53.5M in Debt Financing
Treasury Intelligence Solutions (TIS), a German enterprise B2B payments company, said it has put together a debt facility with Kreos Capital to provide up to 50 million euros ($53.5 million) in financing, a press release said Tuesday (June 7), which will fund TIS for product innovations, possible acquisitions and expansion.
The debt financing, which closed in early May, comes after TIS raised $40 million in equity financing.
TIS uses a cloud-based platform to streamline outbound payments for global corporations, banks and business vendors.
Modulr Unveils SEPA Instant Service for Real-Time European Business Payments
Embedded payments platform Modulr on Tuesday (June 7) launched a real-time Euro payments service based on the pan-European SEPA Instant platform, which is available 24/7 and settles funds in 10 seconds, according to a company press release.
The new service will allow customers to roll out embedded real-time Euro payment propositions through the Modulr application programming interface (API), allowing them to send and receive payments immediately under either their own or Modulr’s regulated status. Businesses can embed SEPA Instant into existing software via the Modulr API.
Payoneer, Fiserv Improve Cross-Border Business Payments
Payments commerce technology platform Payoneer and payments and financial services tech company Fiserv on Tuesday (June 7) partnered to streamline how businesses deliver payments across borders, according to a joint press release.
Businesses can now access Payoneer’s payouts platform through the Carat operating system from Fiserv, reducing the accompanying costs of global payouts, per the release.
According to McKinsey’s Global Payments Map, international marketplace payouts accounted for as much as $200 billion to $250 billion in volumes, a figure projected to grow by 20% to 30% per year in the coming years.
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