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...
The B2B innovation landscape has never been more exciting than right now. Ongoing technological advances are driving a paradigm shift, allowing B2B firms to streamline and digitize nearly every element of their operations — particularly the workflows and processes surrounding B2B payments. As businesses seek...
Fiserv has introduced a new suite of tools for small businesses. The offering, rolled out via the payments and financial services technology solutions company’s Clover point-of-sale and business management service, was designed with restaurants, retailers and service-based businesses in mind, per a Thursday (Oct. 31) press release....
Healthcare is among the largest industries in the world, and with the territory come pain points and inefficiencies as small- to medium-sized companies seek to tap working capital and streamline their payments processes. Across the globe, the sector accounts for an average 10% of a...
Three organizations teamed up to provide financing for suppliers of energy and chemical company Aramco by establishing what they said is one of the world’s largest supply chain financing programs. Aramco, Taulia and the Saudi Industrial Development Fund (SIDF) announced their signing of agreements to...
ABBYY is introducing new capabilities for artificial intelligence to help companies bolster automation. The offerings include Phoenix, a “multi-modal approach to zero-shot learning leveraging small language models” designed for document tasks, a Secure Large Language Model (LLM) Gateway, and “enterprise-ready tools and applications that enable...
Every dollar of working capital matters to today’s businesses. That makes tracking and managing expenses important, as evidenced by “Grubgate,” where tech giant Meta fired more than 20 employees for abusing the company’s meal expense system. Yet effectively tracking and managing employee business travel and...
