Last week, Worldclear announced that it had launched its global its new payment clearing platform for corporates and financial institutions. According to a company press release, the wire-transfer company identified a significant demand for multi-currency payment clearing services among financial service providers – particularly for smaller...
Corporations typically have intricate treasury and payments challenges. As technology continues to evolve, it’s necessary for some corporate teams to rethink their payments options. But what specifically are those options, and which banks and card networks are providing them?
Traditional players may have the deep pockets to develop and distribute new products and services but they can’t win. That’s at least the view of NVoicePay CEO Karla Freide on the B2B payments game. In a recent podcast interview, MPD CEO Karen Webster caught up...
Earlier this week, the U.S. House of Representatives passed an amendment to the Financial Services appropriations bill, which forbids the use of federal funds to penalize financial institutions that serve marijuana businesses operating legally under state laws. The vote rejected an amendment that would have...
Small businesses are sometimes in danger of being overshadowed by their larger counterparts, but if a recent survey is any indication, the smaller companies might have difficulty securing contracts with bigger businesses. According to a survey carried out by IFF on behalf of Achilles, only 12 percent large...
Billtrust has provided outsourced B2B billing and payments services for suppliers for years. But their recent acquisition of Open Scan will enable much more – the ability to route payments to any method of payment. Billtrust founder and CEO Flint Lane told MPD CEO Karen...
Payments solutions provider WEX Inc. announced this week that it had finalized ExxonMobil’s European commercial fuel card (“Esso Card”) program through a majority owned joint venture. WEX President and CEO Melissa Smith commented on the acquisition: “The purchase of the Esso Card portfolio remains an...
While companies are continuing to convert to electronic invoicing and automation, some are still resisting the transition, according to a recent study. The “2014 eInvoicing Benchmark Report” by PayStream Advisors stated that the reasoning for the hesitation is often businesses having the mistaken assumption that their...
Analysis/Paralysis. That’s what happens when businesses are presented with a portfolio of tools to solve their billing and payments problems. In fact, Eric Remer, founder and CEO of PaySimple says that their 8 years in serving this market has found it’s actually one of the...
