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.

Freightos Reduces Headcount by 13% in Operational Efficiency Plan
Freightos Reduces Headcount by 13% in Operational Efficiency Plan
July 11, 2023  |  Shipping

Freightos is reducing its headcount by 13%, or about 50 employees, as part of its plan to cut costs and boost efficiency. This operational efficiency plan...

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Company Data Silos Hinder Spend Management Success
Company Data Silos Hinder Spend Management Success
July 11, 2023  |  B2B Payments

There exists one golden rule of business operations: Any process can be streamlined. And quite frequently, it can be combined with other operations for a...

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FinTech Partnerships Surge as Insurance Firms Adopt Real-Time Disbursements
FinTech Partnerships Surge as Insurance Firms Adopt Real-Time Disbursements
July 11, 2023  |  Real-Time Payments

Insurance firms are increasingly embracing real-time payments for business-to-business (B2B) transactions, viewing them as essential to success. More than two-thirds plan to increase the use...

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Macro Challenges Spur Digital Healthcare Pivot to B2B 
Macro Challenges Spur Digital Healthcare Pivot to B2B 
July 10, 2023  |  Healthcare

Direct-to-consumer (D2C) platforms emerged as an early winner of the business landscape’s digitization.  From consumer goods to healthcare, D2C platforms and their transformative go-to-market strategies...

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Balance Introduces Surcharge Fee Option for Credit Card Transactions
Balance Introduces Surcharge Fee Option for Credit Card Transactions
July 10, 2023  |  Credit Cards

Balance, which offers a suite of end-to-end payment solutions, has announced the launch of a surcharging program that aims to alleviate credit card burdens for...

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BlueAlly Expands Portfolio With Acquisition of B2B Technologies
BlueAlly Expands Portfolio With Acquisition of B2B Technologies
July 10, 2023  |  Acquisitions

BlueAlly Technology Solutions has announced the acquisition of B2B Technologies, bringing together two industry players in the cloud and digital services sector. BlueAlly is reinventing the value-added reseller (VAR)...

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Convera Concludes Western Union Business Solutions Deal
Convera Concludes Western Union Business Solutions Deal
July 10, 2023  |  Acquisitions

B2B FinTech Convera says it has completed its acquisition of Western Union Business Solutions (WUBS). WUBS was acquired last year by Goldfinch Partners and The Baupost Group for $910...

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B2B Platforms Need to Think Globally, Act Locally to Drive Business Growth
B2B Platforms Need to Think Globally, Act Locally to Drive Business Growth
July 10, 2023  |  B2B Payments

As companies look to steer their business strategy to drive growth, Pierre Lion, chief growth officer at FinTech firm Mangopay, says thinking globally should be...

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Manual Payments Processes Often Slow Small Business Growth
Manual Payments Processes Often Slow Small Business Growth
July 10, 2023  |  Accounts Payable

The 21st century wasn’t supposed to be full of so many headaches. Or so much paper. “Mid-sized companies say their [accounts payable (AP)] departments are...

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