Today in B2B payments, Supplier Success releases details on its work with Facebook’s supplier financing initiative, and Bottomline Technologies strikes a treasury technology acquisition. Plus, Visa collaborates on corporate cards in Germany, Balance launches B2B eCommerce checking solution and Payoneer plans its public debut.
Supplier Success Helps With Facebook’s Invoice Financing Effort
Supplier finance and corporate diversity consultancy Supplier Success has been chosen by Facebook to distribute early payments on receivables to diverse suppliers, according to a Wednesday (Feb. 3) announcement. Supplier Success, which worked with the Global Supplier Diversity workforce of Facebook, planned, built and provided a receivables financing offering that delivers next-day liquidity to diverse suppliers based in the U.S. at nearly no cost, according to the announcement.
Bottomline Buys TreasuryXpress, Debuts Expanded Treasury Tools
FinTech Bottomline Technologies, which works to help simplify business transactions, has rolled out new, expanded corporate treasury tools, according to a press release. As part of the expanded capabilities, Bottomline is also acquiring TreasuryXpress, which provides cloud-based treasury management services for corporations and banks, the release stated.
Visa, pliant Team On Business Credit Card In Germany
Visa has rolled out its new Visa Infinite Business credit card in collaboration with FinTech pliant in Germany, according to a press release. The card has been tailored to work with small and medium-sized businesses (SMBs) and corporates with good credit rating and a high credit card turnover, the release stated. It comes with a multichannel product that can be used on a mobile device, online and at point-of-sale (POS) devices in around 200 countries.
Balance Rolls Out Digital Checkout System For B2B eCommerce
Balance has rolled out a self-serve online checkout system to reshape the digital payments experience for business-to-business (B2B) firms, according to a Wednesday (Feb. 3) announcement. All retailers, Software-as-a-Service (SaaS) firms, and marketplaces that offer products and services through web and offline can provide purchasers with many payment methods and terms while receiving payment immediately via one system, according to the announcement.
Payoneer Set To Go Public In $3.3 Billion Merger With Blank-Check Company
Payments provider Payoneer has agreed to become a public company through a merger with a “blank check” company, FTAC Olympus Acquisition Corp., Bloomberg reported. The deal values eCommerce heavy-hitter Payoneer at $3.3 billion. Payoneer, a payments service provider for such companies as Airbnb and Amazon, is reportedly profitable and expects to pull in $432 million in revenues this year. The company processed more than $44 billion in payments last year.
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