B2B Payments

B2B Payments
Making Sense of Your Company’s B2B Payments Data
November 01, 2024

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...

B2B Payments
Visa and Mastercard Earnings Shine Spotlight on B2B Innovations
November 01, 2024

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...

B2B Payments
This Week in B2B: Smokestack Upgrades, CFO Intelligence, SMB Innovation
October 31, 2024

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...

B2B Payments
Fiserv and Clover Serve Up New Tools for Small Businesses
October 31, 2024

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....

B2B Payments
New Insight: Virtual Cards Gain Favor With CFOs as Healthcare Costs Increase
October 31, 2024

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...

B2B Payments
Taulia Helps Establish Supply Chain Financing Program for Aramco Suppliers
October 30, 2024

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...

B2B Payments
ABBYY Rolls Out AI Center to Boost Business Automation
October 30, 2024

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...

B2B Payments
Expense Management Is Undergoing a Revolution, but Legacy Systems Hold Firms Back
October 30, 2024

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...

B2B Payments
Crater Launches AR/AP Solutions for Financial Institutions and B2B Platforms
October 29, 2024

Crater launched artificial intelligence-powered accounts receivable (AR) and accounts payable (AP) solutions for banks, credit unions and B2B platforms. With these solutions, customers can offer white-labeled, embedded AR/AP products like invoicing and bill payments, customized to their brand identity and supported by an AI-powered copilot...