Virtual cards promise a revolution in B2B payments, offering efficiency and certainty in transactions, yet their adoption remains stymied by a critical bottleneck: suppliers’ reluctance to accept them. Despite a clear economic advantage, the uptake is far from the potential growth projected on the horizon,...
As the world gets increasingly globalized, the ways that businesses transact become more important. With the Bank for International Settlements’ Committee on Payments and Market Infrastructures emphasizing in its June report that a key priority area for cross-border payments is payment system interoperability and extension,...
How businesses transact with one another defines the ups and downs of the global economy. After all, commercial relationships sit at the center of commerce — and payments sit at the center of commercial relationships. That’s why the future is being built on more flexible...
Spend management platform Payhawk is reportedly going into acquisition mode. Co-founder and CEO Hristo Borisov told CNBC in an interview published Thursday (June 6) that the company aims to acquire early-stage startups that have already raised significant funds. He also argued his company has a better “product-market fit” than its competition,...
Moving analogue and manual processes to automated, digital ones represents the future of B2B payments. That’s because, against a backdrop marked by rapid technological advancement, B2B payment systems are undergoing their own significant transformations — not the least of which are being built atop the future...
More money brings more problems, as the saying goes. It is something that the treasury and finance functions of mid-size and large enterprises know well. After all, the larger the scale and greater the diversity of a firm’s operations, the larger the scale and the...
Eved has added a prepaid Visa card and an accompanying mobile app to its range of payment and management solutions for the entertainment and media industry. The EvedPay card and mobile app are designed to help companies pay for and manage day-to-day expenses involved with...
Financial Information Technologies (Fintech) has expanded its platform’s automated invoice processing capabilities to include all B2B transactions. Previously designed to handle the retail and hospitality industries’ purchases of alcohol, the company’s PaymentSource accounts payable (AP) automation platform can now handle all their business purchases, Fintech...
Digital is a one-way street. And that street is being populated by B2B firms who aren’t looking back after embracing digital innovation to both compete in new markets while at the same time transform their existing commercial relationships. This digital shift is fostering a more...
