B2B Payments

The highly complex payments processes and networks that power $120 trillion in payments flows that move between businesses globally each year. The B2B Payments ecosystem is undergoing a massive digital transformation as corporates move away from paper-based processes and payments methods to digital workflows that more efficiently move money and data between trading partners. These efficiencies give corporates more visibility into their cash position across their supply chain and innovations in accounts payments and receivables are helping buyers and suppliers to align on payments terms and trade credit.

TreasurUp and Salt Edge Partner to Provide Open Banking Services
TreasurUp and Salt Edge Partner to Provide Open Banking Services
August 24, 2023  |  Partnerships

TreasurUp and Salt Edge have partnered to provide financial institutions in the United Kingdom and the European Union (EU) with account aggregation and open banking compliance services. TreasurUp’s...

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Generative AI’s Biggest Impact May Be as a Specialist
Generative AI’s Biggest Impact May Be as a Specialist
August 24, 2023  |  artificial intelligence

General-purpose innovations can often fall into the solution-in-search-of-a-problem trap.  After all, to a hammer everything looks like a nail. And to large language models (LLMs), everything might...

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Manufacturers See Real-Time Payments Replacing Checks
Manufacturers See Real-Time Payments Replacing Checks
August 24, 2023  |  Real-Time Payments

The manufacturing sector is quickly recognizing the value of real-time payments. Most manufacturers now deem real-time payments vital for business, with 61% holding this view...

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Accounts Payable Moves From Cost Center to Revenue Generator
Accounts Payable Moves From Cost Center to Revenue Generator
August 24, 2023  |  Accounts Payable

The paper check remains firmly entrenched in B2B payments in the United States. Finexio Chief Commercial Officer Bill Fox recounted to PYMNTS that elsewhere around the world —...

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JPMorgan: Healthcare Payments Need Context to Drive Patient Value
JPMorgan: Healthcare Payments Need Context to Drive Patient Value
August 24, 2023  |  Healthcare

Innovation starts with payments and ends with a streamlined and fully optimized payee experience. But it needs to get past an iceberg of institutional inertia...

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Expensify Offers Revenue Sharing Plan for Accountants
Expensify Offers Revenue Sharing Plan for Accountants
August 23, 2023  |  Spend Management

Expense management app Expensify has debuted a revenue-sharing program for its accounting partners. Starting next month, members of the company’s ExpensifyApproved! Accountants partnership program will get a...

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Lightyear Begins Rollout of Business Investment Accounts in UK
Lightyear Begins Rollout of Business Investment Accounts in UK
August 23, 2023  |  SMBs

Lightyear has unveiled small business investment accounts designed specifically for freelancers and sole directors in the United Kingdom. The investment platform aims to cater to...

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Bold Moves Bring Bright Futures When Firms Embrace Failing Fast
Bold Moves Bring Bright Futures When Firms Embrace Failing Fast
August 23, 2023  |  B2B Payments

Tough decisions are critical to business success, and they don’t get any easier the longer they are put off. “The origin of decide, the Latin...

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Construction and Utility Businesses Use Credit Twice as Much as Hospitality
Construction and Utility Businesses Use Credit Twice as Much as Hospitality
August 23, 2023  |  SMBs

Slow payments are a perennial problem for the construction industry. PYMNTS research found that delayed transactions (those in which firms wait more than 90 days to receive...

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