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.

Transforming Back-Office Functions Lets Firms Move Forward With Certainty
Transforming Back-Office Functions Lets Firms Move Forward With Certainty
May 10, 2024  |  B2B Payments

Innovation across the payments sector has taken off over the last decade. Driven by automation, speed, security and convenience, electronic payments advances are reshaping back-office...

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Paymerang Says Acquisition by Corpay Will Help Create Jobs
Paymerang Says Acquisition by Corpay Will Help Create Jobs
May 10, 2024  |  Acquisitions

Paymerang said the planned acquisition of the company by Corpay will help Paymerang continue its mission and create new jobs. The provider of accounts payable (AP) automation solutions shared the...

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Porch Group Sues China Construction Bank, Alleging Reinsurance Fraud
Porch Group Sues China Construction Bank, Alleging Reinsurance Fraud
May 10, 2024  |  Legal

Porch Group, a U.S. homeowners insurance and home inspection software company, reportedly sued China Construction Bank (CCB), alleging reinsurance fraud. In its complaint, Porch alleged that the...

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Better Instant Payments Availability Could Keep America Truckin’
Better Instant Payments Availability Could Keep America Truckin’
May 10, 2024  |  Money Mobility

As the primary transporters of goods in the U.S., truck drivers play a crucial role in the country’s supply chain. Even so, the turnover rate...

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Priority Says Businesses Seek Payments, Banking on Single Platform
Priority Says Businesses Seek Payments, Banking on Single Platform
May 09, 2024  |  Earnings

Priority Technology Holdings is seeing widespread demand for its suite of services that include both software-as-a-service (SaaS) payments and banking. The company recorded strong performance...

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AppDirect Acquires Builtfirst to Expand Marketplace Solutions
AppDirect Acquires Builtfirst to Expand Marketplace Solutions
May 09, 2024  |  Acquisitions

AppDirect has acquired Builtfirst, saying this will further its aim to become “the premier destination for marketplace solutions.” The acquisition adds Builtfirst’s self-service marketplace platform technology to...

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Study Finds Small Business Healthcare Providers Receive 25% of Payments Late
Study Finds Small Business Healthcare Providers Receive 25% of Payments Late
May 09, 2024  |  SMBs

Increasingly, small- to mid-sized businesses (SMBs) operating in the healthcare field are using real-time payment technology to improve cash flow efficiency. Thirty-eight percent of the healthcare SMBs PYMNTS Intelligence...

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AP Automation and Virtual Cards Shine This Week in B2B
AP Automation and Virtual Cards Shine This Week in B2B
May 09, 2024  |  B2B Payments

The B2B landscape is responsible for around $125 trillion of annual money movement. And those B2B payments are working overtime in the background to power much...

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American Express Introduces Business Card for Nigerian Users
American Express Introduces Business Card for Nigerian Users
May 09, 2024  |  B2B Payments

American Express is rolling out a business credit card in Nigeria, its first such product in the country. The card offers business owners a spending limit...

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