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.

Meadow Lark Partners With OTR Solutions on Carrier Payment Systems
Meadow Lark Partners With OTR Solutions on Carrier Payment Systems
July 07, 2023  |  B2B Payments

Meadow Lark Agency has partnered with OTR Solutions on carrier payment systems. The strategic partnership will allow OTR Solutions’ back-office services to support Meadow Lark’s carrier payment process, giving Meadow...

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Amex Says Too Much Liquidity Trapped in Existing B2B Payments Process
Amex Says Too Much Liquidity Trapped in Existing B2B Payments Process
July 07, 2023  |  B2B Payments

On paper, B2B payments are ripe for digitization. The only problem is that so many B2B payments remain, ironically, stuck on actual paper. It’s the...

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‘Intelligent Automation’ Helps Insurers Streamline Auto Claims Payouts
‘Intelligent Automation’ Helps Insurers Streamline Auto Claims Payouts
July 07, 2023  |  Disbursements

In the auto claims industry, the payments tech stack is complex, and the total cost of ownership is expensive. As Michael Boeke, vice president of payments...

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Numarics Raises €10.2 Million to Offer Small Businesses All-in-One Digital CFO Solution
Numarics Raises €10.2 Million to Offer Small Businesses All-in-One Digital CFO Solution
July 06, 2023  |  Back-office

Swiss FinTech startup Numarics has raised €10 million ($10.9 million) in a seed funding round, offering small and medium-sized businesses (SMBs) a digital CFO solution...

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Merchant Lynx Acquires NCCP to Expand Into Trucking and Construction
Merchant Lynx Acquires NCCP to Expand Into Trucking and Construction
July 06, 2023  |  Acquisitions

Merchant acquirer Merchant Lynx Services says it is expanding into new industries. To that end, the Florida-based company has purchased National Credit Card Processing Group (NCCP), according to a...

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TaxBandits Launches Feature to Streamline Tax Preparation for US Businesses
TaxBandits Launches Feature to Streamline Tax Preparation for US Businesses
July 06, 2023  |  Taxes

Tax preparation service TaxBandits has rolled out an e-filing solution to streamline tax preparation for businesses in the U.S. The new solution will ensure that...

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Afreximbank and Fiducia Partner on Supply Chain Finance in Africa
Afreximbank and Fiducia Partner on Supply Chain Finance in Africa
July 06, 2023  |  Partnerships

Afreximbank and Fiducia have partnered to address the “supply chain finance gap” in Africa. The bank and the supply chain financing firm have formed a strategic partnership in which Afreximbank...

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BP Joins the Race to Create and Scale a Digital Fleet Payments Ecosystem
BP Joins the Race to Create and Scale a Digital Fleet Payments Ecosystem
July 06, 2023  |  Digital Payments

Fuel is at the center of the ecosystems that are changing fleet management, and by extension, logistics. In just one of the latest examples, BP began its digital...

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Only 17% of Small Firms Are Reaping Benefits of Automating Accounts Receivables
Only 17% of Small Firms Are Reaping Benefits of Automating Accounts Receivables
July 06, 2023  |  Accounts Receivable

Accounts receivable (AR) automation is transforming corporate finance operations by providing enhanced efficiency, speed and accuracy in payments handling. However, the adoption of AR automation...

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