Today in B2B payments, Amazon Business hits a new milestone, and J.P. Morgan Chase’s WePay collaborates on digital supplier payments. Plus, Emburse acquires DVI, Payhawk launches its corporate bill pay service, and Visa and Mastercard press pause on planned interchange fee hikes.
Amazon Business Reaches $25 Billion In Global Annualized Sales
Emburse Buys DVI To Bolster Corporate Expense Analytics
Emburse has purchased travel data expert DVI (Data Visualization Intelligence) to grow its spend management analytics capabilities for businesses. Terms of the deal were not made public, according to a Tuesday (March 16) announcement. “This acquisition strengthens our analytics capabilities and provides customers with comprehensive data and insights to increase control and make smarter spend decisions,” Emburse CEO Eric Friedrichsen said in the announcement.
Nexus, WePay Team On SMB Virtual Cards
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Payhawk Debuts One-Click Bill Pay For Corporates
End-to-end financial system Payhawk has debuted a new one-click bill payment and reimbursement feature in partnership with Railsbank, a blog post from Payhawk announced on Tuesday (March 16). Payhawk, which usually works to combine credit cards, payments and expenses, will also be joining Xero’s App Marketplace with a live bank feed to fully automate reconciliations. The new one-click bill pay feature will help companies’ finance teams use a single system for every instance of company spending.
Mastercard And Visa Postpone Planned US Interchange Hikes
Noting that the progress of the U.S. economic recovery is at a fragile stage, both Mastercard and Visa announced on Tuesday (March 16) that they have each postponed planned hikes in interchange fees. Both companies had announced previously that they would increase fees starting in April, but have now reconsidered and will delay those changes until April 2022. “We are encouraged by the signs of economic recovery that we’re seeing in the U.S. and in other markets with the continued approval and availability of effective vaccines,” read a statement emailed to PYMNTS by Mastercard.