B2B payments solution provider PayTrace says it has been acquired by Michigan-based credit card processing firm North American Bancard (NAB). “PayTrace is becoming their preferred gateway solution for all merchant types,” the company wrote in a blog post. And with the acquisition, PayTrace has become certified...
In a B2B climate of delayed payments and heightened pressure for cash flow optimization, the commercial card has emerged as what many card companies and issuing banks would consider to be a middle ground between buyer and supplier. Cards enable suppliers to get paid right...