PYMNTS-MonitorEdge-May-2024

Today In B2B: Amex Pushes Healthcare’s AR/AP Digitization Drive; Xero Eyes Acquisition

American Express Launches Digital Receipts Feature To Provide Transaction Detail

Today in B2B payments, American Express discusses the AR/AP digitization drive in healthcare, while Xero announces its next acquisition target. Plus, Virgin Money collaborates on cash flow management, Basware debuts an eInvoicing solution in China and HSBC launches a mobile-first small business banking experience.

Diagnosis Digital: Amex Doubles Down On Healthcare’s AR/AP Digitization Drive

Virgin Money, Fluidly Team On SMB Cash Flow Management

Virgin Money has partnered with Fluidly as the bank keeps building out its new corporate banking offerings for clients. The latter company joins other FinTechs such as Life MomentsCodatWaracleRedspire and Strands that have also teamed with the bank during the past half of a year, according to a Wednesday (March 24) announcement. Fluidly will be geared toward building out Virgin Money’s working capital health proposition by the way of its cash flow insight and management and scenario planning technologies.

Xero Plans To Buy eInvoicing Company Tickstar

HSBC Unveils One-Stop Service For Small Business Owners

Vancouver-based bank HSBC has unveiled a new mobile banking service that gives small business owners a single place to take care of all their financial tasks. According to TechRadar, the U.K.-centric service — known as HSBC Kinetic — is designed to provide a simpler, faster and more intuitive experience, shaped by feedback from more than 3,000 small business owners. The software will be available for iOS through the Apple App Store and Android through Google Play and can be integrated with account software like Xero, Sage and QuickBooks.

Basware Rolls Out B2B eInvoicing Solution

Basware has launched a new fapiao-compliant solution to eInvoicing and validation, according to a Wednesday (March 23) press release. By partnering with its Chinese partner, Shanghai Yodoo Information & Technology Co., Ltd., Basware will connect its network to the Golden Tax System (GTS). This will enable effortless validation of all VAT invoices, known as fapiaos, against the GTS interface.

PYMNTS-MonitorEdge-May-2024