Beginning next year, many American businesses will have to comply with the Corporate Transparency Act. This law, which goes into effect Jan. 1, requires certain companies to provide the government with beneficial ownership information (BOI), or “identifying information about the individuals who directly or indirectly own or control...
The corporate and vehicle payments business has been very good to Corpay. The business payments firm’s most recent quarterly earnings, reported Thursday (Nov. 7), showed a 6% increase in adjusted profit, driven by growth in those segments. “Business fundamentals were quite good with same store sales...
Teamwork makes the dream work, especially when that dream is better B2B payments. With FinTech innovators increasingly pairing up with secure and reliable financial institutions, the future looks bright. Tribh Grewal, head of FinTech partnerships at Discover® Global Network, and Jonathan Vaux, head of propositions...
B2B innovation doesn’t move slowly, it gets slowed down — mostly by complexity. While entrenched corporate cultures and legacy workflows hinder innovation, businesses typically cling to them as a hedge against the growing sophistication and nuance of B2B payments in the digital age. But change...
Traditionally characterized by clunky checks, faxed invoices and siloed financial functions, the B2B landscape is being reshaped by digital innovation. The monthlong PYMNTS event, “B2B Payments: Outlook 2030,” has revealed that the transformation of B2B payments is being led by four themes: the digitization of B2B payments,...
Digital payments platform Checkbook is joining the J.P. Morgan Payments Partner Network. The partnership will enable J.P. Morgan’s corporate clients to send digital checks, the companies said in a Monday (Nov. 4) news release. “Digital checks bring security and speed to the payment landscape, giving...
Mastercard has launched a partnership with business-to-business (B2B) payments company PayMate. The collaboration, announced Monday (Nov. 4), is designed to bolster digital B2B payments for companies in Eastern Europe, Middle East and Africa (EEMEA). “The B2B payments market is projected to exceed $3 trillion in...
For most of its history, payments data has been primarily paper-based. This relegated B2B payments data to mere record-keeping minutiae and made the task of unlocking it a highly manual, administrative burden. But with the news Thursday (Oct. 31) that Melio raised $150 million in a...
For the payment networks, the continued shift beyond consumer cards has trillions of dollars’ worth of B2B transactions firmly in sight. And, as spotlighted in Visa and Mastercard’s most recent earnings calls, cross-border payments, small and medium-sized business (SMB) transactions, virtual cards and even the...
