B2B Payments

B2B Payments
Visa Panel: Business Payments Go Digital, Invisible to Simplify Complex Transactions
November 02, 2021

Data may be the new currency, but it is mobility that will help leverage that data to forge the connected economy. To that end, a trio of payments professionals told Gloria Colgan, senior vice president, global product at Visa, that digitized B2B interactions help firms...

B2B Payments
After B2B Payments Automation, Business Turn Focus to Serving Customers
November 02, 2021

Using automation in B2B payments is a key part to having a healthy and growing business, EVO Director of Project Management Marcy Stumpf told PYMNTS. She provided three examples that demonstrate the value of automation. First, automation allows for connectivity between departments. So, when a...

B2B Payments
Boatzon Debuts eMarketplace for Boats, Marine Products
November 01, 2021

Online boat and marine retailer Boatzon is debuting a direct marketplace for consumers to buy boats and other marine products, according to a company press release Monday (Nov. 1). The secure marketplace will feature ways for customers to browse, finance, insure, purchase and schedule delivery...

B2B Payments
Global Power Tools and Accessories B2B eCommerce Market Will Hit $15.1B By 2028
November 01, 2021

The global B2B eCommerce market for power tools and accessories is projected by Research and Markets to hit $15.11 billion by 2028, which would mean a compound annual growth rate of 18.1 percent, according to a Yahoo Finance report Monday (Nov. 1). With the COVID-19...

B2B Payments
76% of SMBs Say Pandemic Caused Them to Enhance Their Digital Payments Capabilities
November 01, 2021

During the pandemic-driven digital transition, much of the business world has stopped using paper in B2B transactions. In response to new cash flow crunches, shifting employee work habits and digital growing pains, they have moved to making and receiving digital payments. In fact, 76% of...

B2B Payments
Terminus Software Gets $50M Debt Facility from CIBC 
November 01, 2021

The account-based marketing (ABM) platform Terminus Software has received a debt facility of $50 million from CIBC Innovation Banking.  The two entities announced the capital in a news release Monday (Nov. 1), saying Terminus, which is headquartered in Indianapolis and Atlanta, would use this capital...

B2B Payments
Visa’s New Head of Global Business Solutions Sees A ‘Network of Networks’ Strategy for B2B...
November 01, 2021

Nearly 70 speakers, 38 panels and 162,997 unique viewers of livestreams across four weeks in October. The month-long digital confab hosted by PYMNTS, in collaboration with Visa, gave voice to the viewpoints of dozens of C-suite executives and innovators, each with front-row seats to the...

B2B Payments
Firms That Rely on Manual Processes Take 67% More Time to Follow Up on Overdue...
October 31, 2021

Paper-based payment processes are slow and costly, and using them to collect receivables makes existing payment pain points even worse. These cumbersome, manual processes impair the speed and efficiency of invoicing, performing customer credit checks, and collecting and matching receivables — all resulting in longer...

B2B Payments
One-Stop ‘Uber Networks’ Will Drive Consumerization of Business and ‘Just-in-Time’ Payments
October 29, 2021

In today’s “always on” economy, consumers demand instant gratification in all areas, and their personal finances are no exception. Whether it’s buying a coffee, paying bills or accessing credit, consumers want it to be simple, fast and efficient. Those expectations are now spilling over into...